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Operations at Kingking mine seen to start in 2017


Toronto Stock Exchange-listed St. Augustine Gold and Copper Ltd. (Sagcl) has expressed optimism that its $2-billion Kingking project in Pantukan, Compostela Valley will start commercial operations by 2017.

Posted: April 15th, 2014 in Headlines | Read More »

Marcventures earnings sharply higher


Nickel mining holding firm Marcventures Holdings Inc. posted a 788-percent growth in net profit last year to P1.02 billion, making up for softer nickel prices by jacking up ore shipment volume and improving cost structure.

Posted: March 31st, 2014 in Headlines | Read More »

PPP approach to mining projects pushed

This photo taken on March 26, 2006 shows workers walking through a mine tunnel in Itogon north of Manila.  AFP FILE PHOTO

The Chamber of Mines of the Philippines (COMP) is pushing a public-private partnership (PPP) approach to the rehabilitation of abandoned mines, expressing its members’ readiness to foot the bill if regulators give them the opportunity.

Posted: March 22nd, 2014 in Editor's Pick,Headlines | Read More »

Local stock index falters anew


The local stock index slipped for a second straight session on Tuesday as investors continued to pocket gains after the market’s strong run-up.

Posted: March 4th, 2014 in Latest Business Stories | Read More »

‘Mine’ expectations in PH not panning out?

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 »

Australian miner sees bonanza in Batangas gold digs

Australian firm Red Mountain Mining Ltd. continued to see a bonanza from its ongoing digs at the Lobo prospect in Batangas, with samples yielding as much as 136.9 grams or 4.8 ounces of gold per ton of ore.

Posted: February 2nd, 2014 in Headlines | Read More »

Glencore Xstrata ‘to pull out’ of Philippine mining project


Swiss mining giant Glencore Xstrata is expected to pull out of a $5.9 billion (P266 billion) gold-copper mining project in the Philippines, its Australian partner Indophil said.

Posted: February 1st, 2014 in Latest Business Stories | Read More »

PH stock index rises anew; mining, oil post biggest gains


The local stock barometer firmed up on Monday, bucking mostly sluggish regional markets, on some investors’ year-ahead positioning.

Posted: January 6th, 2014 in Latest Business Stories | Read More »

More gold, silver from Bicol prospect


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 »

Philex group ups loan to local Forum Energy unit


Philex Petroleum Corp. and Philex Mining Corp. have agreed to lend more money to Forum Energy Plc.’s unit, Forum Philippines Holdings, to help it meet working capital requirements.

Posted: November 23rd, 2013 in Headlines | Read More »

TVI eyes partner for Agata nickel project


Canadian firm TVI Pacific on Tuesday said it was in talks with a potential partner for the infusion of $11.5 million into the Agata nickel project in Agusan del Norte for the development of a direct shipping ore operation in the area.

Posted: October 22nd, 2013 in Headlines | Read More »

Metal output in H1 pegged at P45.9B


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 »



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