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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 »

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 »

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