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PH beats mining investments target

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Philippine mining investments grew faster than expected in 2013 despite the absence of new commitments as investors continued spending for existing ones.

Posted: April 28th, 2014 in Editor's Pick,Headlines | Read More »

Mining firm disputes MGB suspension order

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Nickel mining firm Marcventures Holdings Inc. has protested a mining suspension order issued by the Mines and Geosciences Bureau (MGB) in the Carrascal portion of its contract area in Surigao del Sur, claiming that the government agency had acted “arbitrarily and without legal basis.”

Posted: April 28th, 2014 in Headlines | Read More »

‘Mine’ expectations in PH not panning out?

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In this photo taken on September 20, 2011, gold nuggets are weighed in the Philippine gold rush site of Mount Diwata in the country's strife-torn south. Despite rising metal prices worldwide, the amount of gold traded in the country plunged by  92 percent in the first quarter of 2012, and the Department of Environment and Natural Resources blames smuggling for this.  AFP PHOTO / JAY DIRECTO

When the Spanish first landed on the islands of what was to become the Philippines, they were awed by the prevalence of gold ornaments among its inhabitants. Spanish explorers described in their journals the bountiful jewelry they saw, as well as the skill of the natives in intricate metal work.

Posted: March 3rd, 2014 in Latest Business Stories | Read More »

Metal output in H1 pegged at P45.9B

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The shrinkage in first-semester domestic metal output slowed to 7.9 percent year-on-year to settle at P45.9 billion amid continually depressed prices, according to the Mines and Geosciences Bureau.

Posted: October 21st, 2013 in Headlines | Read More »

Mine revenue sharing plan opposed

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The Mines and Geosciences Bureau (MGB) is at loggerheads with the Board of Investments (BOI) over the proposed revenue-sharing scheme for the mining industry.

Posted: September 3rd, 2013 in Headlines | Read More »

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