PMEA Blog

Philex output up 20% in Jan-Aug

admin — Tue, 07 Sep 2010 03:26:15 +0000

MANILA, Philippines - The estimated value of minerals produced by Philex Mining Corp. rose 20% during the first 8 months of 2010.

Based on the firm’s disclosures to the Philippine Stock Exchange, production from January to August amounted to P7.42 billion compared to P6.2 billion in the same period last year, owing to increased tonnage, better ore grades and higher metal prices.

Mining policy hampers Aquino’s efforts to tread the ‘right path’

admin — Mon, 06 Sep 2010 05:41:44 +0000

A group of environmental organizations is urging President Aquino to revoke the government’s mining policy because it weighs down on administration’s efforts to tread on tuwid na daan (right path).

Alyansa Tigil Mina (ATM) claimed that the mining industry as a whole has failed to deliver on economic benefits it promised.

Indophil becomes a takeover target again

admin — Fri, 03 Sep 2010 10:36:59 +0000

Barry FitzGerald

A $550 million takeover of the Melbourne-based Philippine copper-gold group Indophil Resources is back on the cards after the July withdrawal by Chinese group Zijin with its $1.28-a-share offer.

Indophil, a 37.5 per cent partner in the world-class Tampakan copper-gold project in the Philippines, said yesterday it was in “dialogue with a range of interested parties in relation to a potential corporate transaction”.

RP mining firm eyes Japan, Australia as export markets

admin — Tue, 31 Aug 2010 06:59:47 +0000

A Filipino-owned mining firm is gearing to penetrate the export markets of Japan and Australia in the coming months after it successfully shipped 54,000 metric tons (MT) of nickel ore to mainland China last week.

Officials of the Oriental Vision Mining Philippines estimate the shipments to be around 50,000 to 60,000 MT, which will be both profitable owing to the grade of ore.

Crazy Horse provides update on Taysan project

admin — Tue, 31 Aug 2010 06:57:59 +0000

Crazy Horse Resources Inc a Vancouver based mineral exploration company provides the following update on its acquisition of 100% interest in the Taysan Copper Gold Porphyry Project in Batangas Province of Philippines further to its news release of June 15th 2010.

The Taysan Project consists of 2 exploration permits and 3 exploration permit applications covering an aggregate area of 11,309 hectares hosting an advanced copper gold porphyry deposit.

Mines Bureau expects P10B in mining taxes, fees, royalties

admin — Thu, 26 Aug 2010 01:52:13 +0000

The Mines and Geosciences Bureau (MGB) on Wednesday reported that the national government would earn at least P10 billion in taxes, fees, and royalties from mining operations this year, from P9.18 in 2009.

“This goes to show that mining in the country is still alive regardless of a couple of unfortunate incidents that alarmed investors in the country,” MGB director Edwin Domingo said.

Crazy Horse Provides Update on Taysan Copper-Gold Project

admin — Thu, 26 Aug 2010 01:50:39 +0000

Crazy Horse Resources Inc. (TSX VENTURE: CZH | PowerRating) (the “Company”) a Vancouver based mineral exploration company,
provides the following update on its acquisition of a 100% interest in the Taysan Copper-Gold Porphyry Project, in Batangas
Province, Philippines (the “Acquisition”) further to its news release of June 15, 2010. The Taysan Project consists of two
exploration permits and three exploration permit applications covering an aggregate area of 11,309 hectares (the “Project”)
hosting an advanced copper-gold porphyry deposit (the “Acquisition”).

Mindoro Resources Ltd.: Increased Agata Nickel Resource and Regional Drilling Commenced

admin — Wed, 25 Aug 2010 02:04:00 +0000

EDMONTON, ALBERTA–(Marketwire - Aug. 23, 2010) - Mindoro Resources Ltd. (TSX VENTURE:MIO); (FRANKFURT:WKN 906167) today announced an increased Mineral Resource estimate for the Agata Nickel Project. This includes a Measured and Indicated resource of 29.8 million tonnes at 1.03 percent nickel, an increase of 2.9 million tonnes compared to the December 2009 estimate with a slight decrease in grade due to a more robust estimation methodology and more detailed information. In addition an Inferred resource of 1.46 million tonnes at 1.01 percent nickel has been estimated.

Mindoro announces drilling results from Agata Nickel Project

admin — Wed, 18 Aug 2010 01:33:38 +0000

Mindoro Resources Limited has announced the last batch of infill drilling results from the company’s Agata Nickel Project in the Philippines with grades and thickness of potential economic interest, including limonite intersections averaging 4.06 meters at 1.15% nickel, 0.13% cobalt and 48% iron and saprolite intersections averaging 7.25 meters at 1.31% nickel. The peak limonite intersection was AGL-453: 10.9 meters @ 1.55% nickel and 40% iron from 1.9 meters and peak saprolite intersection AGL-545:13.45 meters @ 1.73% Nickel from 4.10 meters including 3.95 meters @ 2.04 % from 4.10 meters.

TVI Pacific Provides Second Quarter Financial Results and Operational Update

admin — Mon, 16 Aug 2010 01:29:15 +0000

CALGARY, ALBERTA–(Marketwire - Aug. 13, 2010) - TVI Pacific Inc. (”TVI” or “the Company”) (TSX:TVI) today announced unaudited, consolidated financial and operational results for the three and six months ended June 30, 2010.

For a thorough explanation of the points noted in this press release, shareholders are encouraged to read this press release in conjunction with the interim consolidated financial statements and management’s discussion and analysis for the quarter ended June 30, 2010, filed with certain securities regulators in Canada on August 13, 2010, and available on our web site (www.tvipacific.com) and SEDAR (www.sedar.com).