MBMI sells Philippine interests

MBMI Resources has entered into an agreement with DMCI Mining Corp for the sale of its interests in three Philippines-incorporated development companies (DevCos) – Narra Nickel Mining and Development Corporation, McArthur Mining, and Tesoro Mining and Development Corporation.

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Marcventures’ operations suspended

The Mines and Geosciences Bureau (MGB) has suspended the mining operations of publicly-listed Marcventures Mining & Development Corp for violations of the mining law. The MGB says the decision came after an investigation showed the company was operating outside its mining tenement which the company had earlier denied.

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Antique coal mining resumes

Semirara Mining, the Philippines largest coal producer and a member of the Consuji-owned DMCI Holdings group, expects its profits to increase substantially following the resumption of operations in Antique. Mining was temporarily halted last year owing to a landslide.

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Coal Asia awaits enviro certificate

Coal Asia Holdings is awaiting issuance of an environmental compliance certificate (ECC) before it can move to the next phase of its exploration and anticipated commercial development at its coal operating contract in Davao Oriental.

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