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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 »

Mining output plunged 18% in 2012

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Mines and Geosciences Bureau

The value of metal production in the country dropped by nearly a fifth last year due to taxation issues, delays in mining legislation that would pave the way for new projects, the suspension of some large operations and the continued opposition of certain sectors to various forms of mining.

Posted: May 18th, 2013 in Editor's Pick,Headlines | Read More »

Revenue agencies told to curb gold smuggling

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finance logo

The Department of Finance wants its two attached agencies—the Bureau of Internal Revenue and the Bureau of Customs—to curb the smuggling of gold out of the country and boost tax collection from the sale of the precious metal.

Posted: May 13th, 2013 in Latest Business Stories | Read More »

Gold claws back losses after biggest fall in 30 years

An Indian woman looks at a display of gold jewelry at a shop in Mumbai, India. Gold prices recovered slightly on Tuesday, April 16, 2013, after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.  AP PHOTO/RAJANISH KAKADE

Gold prices clawed back some losses Tuesday after suffering their heaviest slump in 30 years triggered by weak Chinese growth data and reports Cyprus was planning to sell part of its reserves.

Posted: April 17th, 2013 in Latest Business Stories | Read More »

Striking gold: Earthquakes deposit precious metal

nature geoscience

Solid gold can be deposited in Earth’s crust “almost instantaneously” during earthquakes, said a study published in the journal Nature Geoscience on Sunday.

Posted: March 18th, 2013 in Latest Business Stories | Read More »

Cadan increasing gold output

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Cadan Resources Corp. of Canada, whose underground mining project in South Cotabato has just gone commercial, is preparing to ramp up production to take advantage of high gold prices.

Posted: March 11th, 2013 in Headlines | Read More »

DENR allows Philex to open for 4 months

philex-mining

The Department of Environment and Natural Resources (DENR) on Tuesday allowed Philex Mining Corp., the country’s biggest copper and gold producer, to resume its mining operations for remediation purposes.

Posted: February 27th, 2013 in Latest Business Stories | Read More »

The bug that lays the golden egg

Scientists wrote in the journal Nature Chemical Biology (in photo) that a bacterium that turns water-soluble gold into microscopic nuggets of solid gold is one of the more peculiar organisms that inhabit our Earth.

Among the more peculiar organisms that inhabit our Earth is a bacterium that turns water-soluble gold into microscopic nuggets of solid gold, scientists said Sunday.

Posted: February 4th, 2013 in Latest Business Stories,Science and Health | Read More »

Australian firm expects rise in gold mining activities

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BSP Deputy Governor Nestor Espenilla Jr. (left) and businessman Roberto Ongpin: At odds

Red Mountain Mining Ltd. of Australia expects an increase in drilling activities in the Philippines in the next few months after it unearthed a second high-grade gold system at its project site in Lobo, Batangas.

Posted: January 10th, 2013 in Editor's Pick,Headlines | Read More »

MGB eyes bidding of Surigao mining asset

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Mines and Geosciences Bureau

MANILA, Philippines—A gold-rich area in Surigao del Norte may soon be up for bidding, according to the Mines and Geosciences Bureau (MGB). This, if the company formerly in charge of exploration loses its hold on the asset.   “The initial period for exploration is only 10 years. San Manuel Mining Corp. (SMMC), the company that [...]

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

BIR stands firm on decision to collect gold taxes

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The Bureau of Internal Revenue stands firm on its decision to collect taxes on gold sales despite growing opposition.

Posted: November 16th, 2012 in Headlines | Read More »

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