• PHILIPPINES - Medusa resumes operations

    Medusa Mining, through its Philippine operating company Philsaga Mining Corporation, advises that the heavy rain that caused slippages and landslides in several areas around the Co-O Mine on Mindanao has eased and the company has re-commenced mining activities.

  • PHILIPPINES - Medusa suspends activities

    Philippines-focused gold miner Medusa Mining said mining activities at its Philsaga assets were suspended last week for safety reasons.

    It said there had been an intense Low Pressure System situated over the southern section of Mindanao for the past two weeks resulting in heavy rains which had caused extensive flooding.

  • PHILIPPINES - Canatuan milling operations cease

    TVI Pacific’s Philippine operating affiliate TVI Resource Development Philippines (TVIRD) has stopped milling operations at its Canatuan mine after having exhausted its remaining stockpile, pending the results of assessing various mine life extension and expansion opportunities.  It is expected that at least one more shipment of copper concentrate will be scheduled.

  • Positive tests for Agata nickel laterite

    JOINT venture partners Mindoro Resources and TVI Pacific have received positive results from test work for the Agata nickel laterite ore project. The results from tests at the pilot plant of Beijing General Research Institute of Mining & Metallurgy (BGRIMM) mark another step forward for the Agata North project in northern Mindanao.

  • St Augustine restructures King-king JV

    ST Augustine Gold & Copper (SAGC) has received approval from its Board and majority shareholders for a joint venture restructuring. Its partner, Nationwide Development Corp (Nadecor) has also received approval to proceed with the transaction. The restructuring will transfer the amount allowable under Philippine mining law of Nadecor’s King-king Gold-Copper Project interest to a 39.96% equity interest in SAGC upon a successful transaction close.

  • PHILPPINES - Commercial production declared at Didipio

    OceanaGold has declared commercial production at its Didipio Gold-Copper Project in Luzon, northern Philippines. The company’s Board of Directors has reviewed the monthly operating metrics and cost profile, and determined that the effective date of commercial production was April 1. All revenues and operating costs will be reported to the income statement from that point.

  • PHILIPPINES - New high-grade gold intersections at Lobo

    Red Mountain Mining has intersected new high-grade gold mineralization at the Lobo prospect within the flagship Batangas Gold Project. The high-grade gold was discovered in near surface diamond drilling intersections from the Pica epithermal vein structure.  1

  • PHILIPPINES - Placement nets US$961,000 for King-king

    St Augustine Gold & Copper (SACG) says an injection of almost US$1 million in funds will be channelled into efforts to develop the King-king Copper-Gold Project in southeast Mindanao.  1

  • PHILIPPINES - Crazy Horse puts Taysan plans on hold

    Crazy Horse Resources has made a crucial move to stop spending money at its Taysan Copper-Gold Project in southern Luzon after it failed to secure a joint venture partner for the project’s development.  1

  • PHILIPPINES - Drilling commences at Batangas

    Red Mountain Mining has started drilling the Pica epithermal lode structure at the Lobo prospect within the Batangas Gold Project. Pica is one of at least five parallel lodes at the prospect which is about 100km south of Manila.

  • PHILIPPINES - Coal Asia updates value of Davao Oriental holding

    Coal Asia Holdings has updated the valuation of mineable coal reserves within 400 hectares of the Davao Oriental contract area at US$99.7 million. The selected portion of the site represents just 3% of the 13,000 hectare concession area of within Zamboanga Sibugay.

  • PHILIPPINES - Sumitomo sets sights on building REE plant

    Sumitomo Metal Mining will build the Philippines’ first rare earths recovery facility on a Palawan Island site if a pilot plant is deemed successful.

  • PHILIPPINES - Lifting of moratorium leads to application rush

    The lifting of a two-year ban on the acceptance of new exploration applications resulted in a rush with 126 applications received by the Mines and Geosciences Bureau (MGB) the day after the restriction was officially removed. The decision follows approval by the environment secretary of a recommendation by the mining regulator for the January 2011 moratorium on exploration applications to be lifted.  1

  • PHILIPPINES - New high-grade gold vein discovered at Lobo

    A 19-metre intersection of epithermal quartz-barite containing 9.77 grams/tonne gold has been confirmed at Red Mountain Mining’s Lobo prospect within its flagship Batangas Gold Project. The vein includes 7 metres @ 23.58 grams/tonne gold and a further 0.8 metre section @ 94.78 grams/tonne gold.  1

  • PHILIPPINES - OceanaGold resumes Didipio shipment

    OceanaGold Corporation has transported 3000 tonnes of copper-gold concentrate to port from its Didipio mine in northern Luzon which is under final commissioning.  1

  • PHILIPPINES - New drill program completed at Co-O

    Medusa Mining’s Philippine subsidiary Philsaga Mining says the latest drill program at the operating Co-O mine continues to confirm vein continuity and provide information for a planned extension.  1

  • PHILIPPINES - B2Gold seeks new Masbate resources

    B2Gold is undertaking an aggressive Can$11 million exploration campaign at its recently acquired Masbate Gold Project with eight drill rigs working.

  • PHILIPPINES - Xstrata a step closer at Tampakan

    The Philippines Government has given Sagittarius Mines an environmental compliance certificate (ECC) for its $5.9 billion Tampakan mine, bringing the company a step closer to bringing the highly anticipated project to fruition. Sagittarius is primarily owned by Xstrata with Australia’s Indophil Resources holding a 37.5% interest.  1

  • PHILPPINES - New resource estimate for Batangas

    Red Mountain Mining has updated the mineral resource estimate for the Batangas Gold Project on Luzon Island. The project comprises the Archangel ‘Kay Tanda’ and Lobo ‘South West Breccia’ (SWB) prospects and was recently acquired from Mindoro.

  • PHILIPPINES - MBMI subsidiaries cleared by Appeals Court

    The Court of Appeals in Manila has denied a reconsideration attempt by Redmont Consolidated Mines to revoke the registration of eight companies which it claims should be disqualified from engaging in mining activities. Redmont argues the affiliates and subsidiaries are not Philippine nationals and therefore should not be able to carry out mining exploration or operations.

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