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‘Remove excise tax on gold of small-scale miners’

POT OF GOLD A small-scale miner takes a break after taking out sacks of gold ore from a tunnel at the Acupan mines in Itogon, Benguet province. But there is still no light at the end of the tunnel for cutting taxes on gold sales. RICHARD BALONGLONG / INQUIRER NORTHERN LUZON

Two lawmakers from gold-rich Benguet province want to remove taxes on gold extracted by small-scale miners to curb the smuggling of the precious metal out of the country.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

Mined metals’ value in Q1 rose by 17%

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The value of metallic minerals produced by Philippine mines jumped by 17 percent year-on-year to about P22 billion in the first quarter, according to the Mines and Geosciences Bureau.

Posted: August 13th, 2014 in Headlines | Read More »

Aussie mine firm optimistic on Batangas project

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Ongoing exploration for gold in Lobo, Batangas, showed an “exceptionally thick” mineral structure that gave hints that the high-grade, near-surface lode was more extensive than previously defined, according to Red Mountain Mining Ltd.

Posted: May 24th, 2014 in Headlines | Read More »

More gold, silver from Bicol prospect

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Australian firm Sierra Mining Ltd. reported further encouraging results from drilling activities at its Mabilo prospect in Camarines Norte, this time with samples showing 4.35 grams of gold per ton of ore.

Posted: December 6th, 2013 in Headlines | Read More »

CA ruling on Nadecor leadership paves way for $2B gold mine project

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Former Ambassador Roberto Romulo. CONTRIBUTED PHOTO/www.nadecor.com.ph

A $2 billion copper and gold project can now push through following the Court of Appeals’ ruling affirming the leadership composition of the Nationwide Development Corporation (Nadecor).

Posted: November 6th, 2013 in Latest Business Stories | Read More »

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