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Miners dismayed by proposed tax hike

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The Chamber of Mines of the Philippines (COMP) has expressed dismay over that the Mining Industry Coordinating Council (MICC) is going ahead with proposed tax hikes “without taking into consideration comments and observations by authoritative third parties.”

Posted: July 8th, 2014 in Headlines | Read More »

Miner sees more gold in Batangas

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Red Mountain Mining Ltd. has increased the high-grade resource of its Lobo prospect in Batangas by 82 percent, or 37,000 ounces of gold, to 82,000 ounces.

Posted: July 7th, 2014 in Headlines | Read More »

Gov’t warned vs hiking mining tax further

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The Canadian Chamber of Commerce of the Philippines has cautioned the government against further raising taxes from the mining industry under the proposed reforms to the existing Mining Act, as this would only serve as a disincentive to many prospective investors.

Posted: June 23rd, 2014 in Headlines | Read More »

Benguet eyes revival of pre-1990 quake mine

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Benguet Corp. is looking at an opportunity to relive its heyday with plans to mine 4 million to 8 million ounces of gold that have remained unreachable since the big Luzon earthquake of 1990.

Posted: May 30th, 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 »

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