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Bright Kindle to buy 32.9% stake in nickel firm Marcventures Holdings Inc.

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Bright Kindle Resources & Investments Inc.

Bright Kindle Resources & Investments Inc., formerly Bankard Inc., is acquiring a 32.94 percent stake in the nickel mining firm Marcventures Holdings Inc.

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

Inhibition of Sereno in mining case sought

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Chief Justice Ma. Lourdes Sereno: Inhibition sought. INQUIRER FILE PHOTO

A Filipino-owned mining company has sought the inhibition of Chief Justice Ma. Lourdes Sereno from participating in a case pending before the Supreme Court seeking the reversal of a Court of Appeals decision that stopped three mining firms from operating in the country for allegedly violating the constitutional provision limiting foreign ownership in mining companies to 40 percent.

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

Alsons eyes takeover of Indophil Resources

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The Alcantara-led Alsons Group is seeking to acquire 100 percent of Australia’s Indophil Resources NL, which owns a 37.5-percent stake in the massive Tampakan mining project in Mindanao, which has stalled partly due to regulatory difficulties.

Posted: September 24th, 2014 in Headlines | Read More »

Philex gears up to boost operations at Padcal site

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Philex Mining Corp. is gearing up for a new five-year plan meant to further develop the Padcal mine in Benguet and help the company recover from the tailings leak accident two years ago.

Posted: September 19th, 2014 in Headlines | Read More »

Miners air anxiety over proposed bill

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Mining companies have expressed their uneasiness over a proposed bill of the interagency Mining Industry Coordinating Council, under which the government will receive a 10-percent share in the industry’s gross sale, or 55 percent of the adjusted net mining revenue, plus a share in windfall profit, whichever is higher. INQUIRER FILE PHOTO

Mining companies in the country have expressed their uneasiness over a proposed bill of the interagency Mining Industry Coordinating Council, under which the government will receive a 10-percent share in the industry’s gross sale, or 55 percent of the adjusted net mining revenue, plus a share in windfall profit, whichever is higher.

Posted: September 19th, 2014 in Editor's Pick,Headlines | Read More »

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