PMEA Blog

Riza T. Olchondra
THE GOVERNMENT will try to facilitate negotiations between concerned parties for a “compromise” on the open pit mining ban in South Cotabato, which is affecting the $5.2-billion Tampakan copper-gold project.
The Department of Environment and Natural Resources (DENR), which chairs the Minerals Development Council under the Office of the President, will meet with both […]

Othel V. Campos
The government will protect mining investments in the country, including the $5.2-billion Tampakan gold and copper project in South Cotabato, Environment Secretary Ramon Jesus Paje said Tuesday.
“It [Tampakan] is very important for us. We believe we have to protect the investment,” he told reporters in a briefing.
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Copper and gold mining exploration company Indophil Resources NL (ASX:IRN) has announced a resource upgrade at the Tampakan Copper Gold Project in the Southern Philippines.
The company has upgraded the mineral resource by 8 per cent from 2.2 billion tonnes to 2.4 billion tonnes, and increased the measured tonnes by 25 per cent up from 620 […]

MANILA, Oct 20 (Reuters) - Global miner Xstrata Plc (XTA.L) has boosted an estimate of mineral resources at its $5.2-billion Tampakan copper-gold project in the southern Philippines to 2.4 billion tonnes from 2.2 billion, the firm said on Tuesday.
The mine, considered Southeast Asia’s largest undeveloped copper-gold prospect, is now estimated to contain 13.5 million tonnes […]

MANILA, Sept 17 (Reuters) - Xstrata Copper is on track to start production at Southeast Asia’s largest undeveloped copper-gold deposit in 2016, more than two decades after the discovery of the Philippine mine, a senior official said on Thursday,
“We think 2016 is a realistic target,” Mark Williams, general manager of Xstrata Copper’s Philippine affiliate, Sagittarius […]

From: www.bloomberg.com
By Jesse Riseborough and Luzi Ann Javier
July 21 (Bloomberg) — Suspected Communist rebels attacked Xstrata Plc’s $3 billion Tampakan mine in the Philippines, which may be Southeast Asia’s largest untapped copper deposit, according to the military and project partner Indophil Resources NL.
The group burned a drill rig and police are investigating, the Melbourne-based company […]

From: afp.google.com
TAGUM, Philippines (AFP) — Communist guerrillas Sunday shot and wounded two Philippine soldiers after an attack that saw drilling equipment owned by the Swiss-based mining giant Xstrata set on fire.
The New People’s Army (NPA) struck before dawn near the town of Kiblawan on Mindanao island, where Xstrata subsidiary Sagittarius Mining Inc. is developing a […]

From: business.inquirer.net
By Conrado Banal III
Philippine Daily Inquirer
In the New York leg of her US visit this week, the Grandma at the Palace will keynote a seminar. Hmmm, rather interesting!
Well, this is New York, the world’s financial capital. I don’t think the president wants to go there to watch a Broadway musical. Her swing to New […]

From: www.theaustralian.news.com.au
IT is not often that a board of directors finds reason to welcome naked defeat at an extraordinary general meeting. But that’s the space Robin Widdup & Co at Lion Selection found themselves in yesterday.
In voting down Widdup’s canny deal to sell 17.7 per cent of Indophil to Xstrata, shareholders of Lion Selection have […]

From: www.theaustralian.news.com.au
XSTRATA has upped its bid for Philippine miner Indophil but the junior’s boss has again implored Lion Selection shareholders to help block the Swiss mining giant’s grab for his company.
Lion Selection, which controls 25.4 per of Indophil, said on Friday it would recommend shareholders vote against two resolutions at today’s meeting unless Xstrata matched […]