• Approval to develop Balabag mine

    TVI Resource Development (Phils), Inc (TVIRD), a company in which TVI Pacific has a 30.66% equity interest, has received approval for the Declaration of Mining Project Feasibility (DMPF) at the Balabag Gold-Silver Project in Zamboanga del Sur province, the Philippines.

  • Carmen Copper ISO certified

    Carmen Copper Corp has been certified for its Integrated Management System covering ISO 14001:2004 for environmental management and OHSAS 18001:2007 for occupational health and safety management.

  • Improved safety measures at Panian

    ADDITIONAL safety measures have been implemented at Semirara Mining and Power Corporation’s Panian Coal Project after a landslide last July. The accident claimed nine lives while five dump trucks, an excavator and a wheel dozer were destroyed.

  • IPO funds for Batangas project

    PART proceeds of an IPO by Bluebird Merchant Ventures on the Main Market of the London Stock Exchange (LSE) will be used complete a feasibility study and permitting at Red Mountain Mining’s Batangas Gold Project in Luzon. Bluebird is a strategic funding partner for the project.

  • Masbate production similar in 2016

    B2GOLD has forecast similar 2016 production from Masbate Gold Project than the 175,803 ounces produced last year. The guidance is between 175,000 and 185,000 ounces, slightly higher than the 2015 guidance of 170,000 to 180,000 ounces.

  • ECR mulls further Danglay exploration

    ECR MINERALS is considering the extent to which it may carry out further exploration at Danglay Gold Project in Luzon following publication of a technical resource report. ECR is operator of the project with the right to earn a 50% interest as part of an earn-in and joint venture agreement between ECR, Tiger International Resources and Cordillera Tiger Gold Resources.
  • T’Boli plant continues ramp up

    THE processing plant at Cadan Resources’ T’Boli Gold-Silver Project continues to advance towards sustainable design output of 200 tonnes per day. During February the plant even achieved above average daily production rate of 207 tonnes for eight consecutive days.
  • Positive DFS for Mabilo

    AN independent feasibility study into RTG Mining’s Mabilo Copper-Gold Project in southeast Luzon has shown that the project will be profitable, even at the current lower commodity prices. It shows the project to be high grade and low cost, delivering an internal rate of return (IRR) of 33.45% and a net present value of $223 million.

  • Mine permit approval for King-king

    THE Philippines Mines and Geosciences Bureau (MGB) has approved the Declaration of Mining Project Feasibility (DMPF) for St Augustine Copper and Gold’s King-king Copper-Gold Project in Mindanao. The approval, which was awarded to St Augustine’s joint venture partner, Nationwide Development Corporation (NADECOR), is the last major permit required to initiate development, construction and operation of the King-king mine.
  • Abra intends reopening Patok project

    ABRA Mining & Industrial Corp has raised up to US$6.3 million from three new investors, thereby completing US$21 million in private placement offerings in the past six months. Funds raised will be used for reopening the Patok Gold Project and for production and marketing of calcic lime, also known as quicklime.

  • Medusa on track to meet guidance

    MEDUSA Mining remains on track to achieve production guidance for the 2016 financial year of 120,000 to 130,000 ounces from the Co-O Gold Project. The first half of the period produced 61,169 ounces, which was a 27.8% increase on the corresponding period of FY 2015 and a 21.2% increase on the first six months of 2015.
  • Five year Didipio exploration extension

    OCEANAGOLD has received a five year extension to the exploration period of its Financial and Technical Assistance Agreement (FTAA) at the Didipio Gold Project. This paves the way to conduct exploration in the broader region surrounding the mine, which is in the Cagayan Valley in Luzon.

  • Runruno development nears completion

    METALS Exploration and its Filipino partner FCF Minerals Corporation are on schedule to commence commissioning of the Runruno Gold Project during June. The production ramp-up ad plant optimisation is expected to occur throughout the second half of the year.

  • PYBAR raise bore rig for Didipio

    PYBAR Mining Services has been awarded its first international contract for the provision of rapid underground development and raise boring services at OceanaGold’s Didipio Gold Project in the Philippines. The contract will utilise PYBAR’s newly acquired RBR600-VF raise bore rig, the second largest in Australia.
  • Bumolo expected to extend Padcal life

    PHILEX Mining Corp has received encouraging results from the Bumolo porphyry copper-gold deposit, which is adjacent to its Padcal mine in the northern province of Benguet. The maiden resource estimate is 21.7 million tonnes at a grade of 0.2% copper and 0.3 grams/tonne (g/t) gold and has potential to add to the Padcal mine life beyond 2022.

  • Metals Ex arranges debt extension

    Metals Exploration has negotiated a new debt repayment timetable with the financiers of its Runruno Gold-Molybdenum Project in the Philippines. The company hopes this will help negate the effects of ongoing delays in starting production.

  • New JV to dredge sand

    US-BASED company PHI Group has signed a joint venture agreement with Manila-based Spartan Mining and Development Corporation (SMDC), to form PHI Spartan Resources, a new Philippines entity equally owned by both companies. The new company will initially focus on dredging lahar sand deposits from Santo Tomas, Maloma and Bucao rivers in Zambales Province.

  • Metals Ex hopes for January Runruno start

    Metals Exploration is hopeful its Runruno Gold-Molybdenum Project in Luzon, the Philippines will be operational in January. The processing plant is built and commissioned but the lack of an operational permit has delayed its switch-on.

  • Typhoon clean-up at Runruno project

    Metals Exploration has been served a suspension order for certain mine construction works at the Runruno Gold Project in the Philippines while it deals with impacts from Typhoon Lando (Koppu).

  • WCB identifies new Kulumalia zone extension

    ONGOING systematic studies by WCB Resources have identified an extension of the Kulumalia zone at Misima Island Gold-Silver Project by an additional 500 metres. This zone has potential to add resources to those identified at Umuna Zone and Ewatinona prospects at Misima Island.

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