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Fri Aug 8, 2008
$150M IN MINING DEALS INKED IN CHINA
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BEIJING --- President Gloria Macapagal-Arroyo witnessed the signing Thursday of a cooperation agreement between two Philippine companies headed by her former chief of staff, Michael Defensor, and a Chinese company to explore for nickel and put up a $150-million nickel processing plant in the Philippi... (5 KB) |
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Fri Aug 8, 2008
IFC POURS MORE INVESTMENT IN MINING
Articles of interest are periodically sent out to our contact list and appear exactly as they did in the original dissemination. Links to the original posting website are provided when available.
The International Finance Corp. (IFC) is pouring in investments in mining, "accepting business risks where other investors are unwilling to," even as its mining portfolio has reached to $ 625 million as of end-June.
Jesse O. Ang, IFC resident representative for the Philippines, said that IFC's "s... (3 KB) |
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Thu Jul 31, 2008
PHILIPPINES STILL ON MINING RADAR
Articles of interest are periodically sent out to our contact list and appear exactly as they did in the original dissemination. Links to the original posting website are provided when available.
MANILA, Philippines -- Mining groups from Brazil to Australia are combing the Philippines for copper, nickel and gold but patience is required to see a return on investment, a top official said on Thursday.
Disagreement over contracts, communist rebel attacks, financial difficulties and local oppo... (5 KB) |
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Sun Jun 29, 2008
PGMC to export 450,000 MT of nickel ore
MANILA, Philippines - Mining firm Platinum Group Metals Corp. is set to ship 450,000 metric tons of nickel ore to Australia from its mine sites in Surigao del Norte and Isabela in the third quarter.
In a statement, PGMC said that of the total, 300,000 MT of nickel ore would come from its Cagdianao, Surigao del Norte mine site and 150,000 MT would be shipped by its Isabela mine.
PGMC signed a five-year contract with Queensland Nickel Ltd. (QNI), a subsidiary of BHP Billiton, covering the an... (3 KB) |
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Sun Jun 29, 2008
Gov't expects mineral sales to hit $10B in 2011
MANILA, Philippines - The government remains bullish on the prospects of the mining industry, which it expects to generate as much as $10 billion in mineral sales by 2011.
The projected sales revenue translates to 58.9-percent average annual growth from 2004 to 2011, data from the Bureau of Mines and Geosciences showed.
According to the MGB, mineral sales are expected to reach $3.62 billion this year; $4.51 billion in 2009, and $5.379 billion in 2010. Last year, mineral sales hit $3.078 bi... (4 KB) |
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Sat Jun 28, 2008
Mindoro nickel project feasibility eyed
Mindoro nickel project will go through a definitive feasibility study (DFS) after Intex Resources ASA has appointed a contractor to design a processing plant for the mine that will initially produce 40,000 metric tons (MT) of nickel.
Intex of Norway has appointed Aker Solutions Australia which will also conduct a study for the potential expansion of the nickel deposit while the study on the processing plant should involve considerations on safety and minimization of impact on the envir... (2 KB) |
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Fri Apr 4, 2008
Canadian firm inks pact with 2 tribes
MANILA, Philippines---Canadian mining firm Mindoro Resources Ltd. said its Philippine affiliate had signed a memorandum of agreement with two indigenous tribes living near its Agata nickel project in the southern province of Surigao del Norte.
MRL Gold Philippines Inc. entered into the agreement with the Mamanwa and Manobo tribes and with the National Commission on Indigenous Peoples (NCIP), as it fast-tracks plans to start ore production within this year, Mindoro Resources said.
It said t... (3 KB) |
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Fri Jun 1, 2007
Mining Gets Ignored In Philippines Wonderful News!
Filipinos are justifiably proud of their democratic tradition that is one of the longest running and most entrenched in the Asia region. Unfortunately, their enthusiasm for democracy can sometimes get out-of-hand during election time.
In the run up to the most recent Philippine elections, more than 100 people were violently killed while seeking political appointments or helping others who were. As bad as that seems, this great tragedy wasn't considered that severe by local standards. The numb... (3 KB) |
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Sun Apr 29, 2007
Anglo American, Manila Mining to start work on gold, copper project
Anglo American Plc, the world's second biggest mining company, is set to start work on a gold and copper project in the southern Philippines, its local partner Manila Mining Corp said.
The joint venture partners are now readying to proceed to undertake actual work on the ground," Manila Mining assistant corporate secretary Odette Javier said in a statement to the Philippine Stock Exchange Friday. London-based Anglo-American officials could not immediately be reached for comment.
Overseas ... (2 KB) |
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Mon Apr 23, 2007
Atlas starts nickel project
Berong Nickel Corp., a unit of Atlas Consolidated Mining and Development Corp., is infusing fresh investments of P1.2 billion into a new facility that will produce beneficiated nickel ore in Quezon, Palawan.
The facility will have a capacity to process 1.47 million metric tons of nickel ore per year.
Beneficiated nickel ore is partly processed but still considered a raw mineral and needs further refining.
Other mining companies that produce beneficiated nickel ore in the Philippines ar... (3 KB) |
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