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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 »

‘Remove excise tax on gold of small-scale miners’

POT OF GOLD A small-scale miner takes a break after taking out sacks of gold ore from a tunnel at the Acupan mines in Itogon, Benguet province. But there is still no light at the end of the tunnel for cutting taxes on gold sales. RICHARD BALONGLONG / INQUIRER NORTHERN LUZON

Two lawmakers from gold-rich Benguet province want to remove taxes on gold extracted by small-scale miners to curb the smuggling of the precious metal out of the country.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

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