Steady production expected at Co-O

AFTER a difficult year at Co-O Gold Project, Medusa Mining expects to maintain production in the 2017/18 financial year at between 80,000 and 90,000 ounces. The company produced 80,743 ounces in the year ending June 30, compared to 108,578 ounces in the previous year.

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Opportunities for Australian mining sector

RECENT regulatory changes and new policies for the Philippines mining sector, which include an increased focus on adopting environmental and socially responsible standards, may create opportunities for the proven expertise of Australia’s mining and METS sectors.

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Slow but steady progress at T’Boli

RIZAL Resources continues to make slow but steady progress in re-establishing the T’Boli Gold Project in South Cotabato, Mindanao, and ramping up towards the intended Phase 1 daily production rate of 200 tonnes. Progress has been impacted by poor cashflow and a subsequent lack of funds.

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Marcventures gains bauxite and nickel assets

NICKEL producer Marcventures Holdings is merging with Asia Pilot Mining Philippines Corp and BrightGreen Resources Holdings in a deal valued at about US$22.1 million. Marcventures will remain as the surviving entity and operator.

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