• PHILIPPINES – Batangas early mining zone extended

    New very high grade gold surface results from Red Mountain Mining’s Batangas Gold Project have extended the early mining zone at South West Breccia (SWB) lode by up to 50 metres. They will add substance to a new resource model, which is due soon, for an at-surface, high-grade early mining target.

  • PHILIPPINES - Bid to expedite approvals

    In a bid to speed up the approval process, the Mining Industry Coordinating Council (MICC) has transferred to the Mines and Geosciences Bureau (MGB) the task of validating applications for expansion of areas filed by operating miners. The transfer has been made from the MICC Technical Working Group on Environmental Protection and Legislation.

  • PHILIPPINES - Crazy Horse plans acquisitions

    Crazy Horse Resources has entered into a letter agreement with Solfotara Mining Corp to option and acquire all of Solfotara’s interests in the advanced-stage Basay project, the Kilong-Olao/Bayosen projects, and the prospective Biliran gold project. The company aims to acquire Solfotara’s ownership of the shares of Canex Resources, Basay Copper and Adanacex Resources.

  • Atlas revenue up, income down

    Atlas Consolidated Mining and Development Corp grew revenue by 12% to P16.2 billion in 2014, helped by higher revenues from copper, gold, and nickel. However, its consolidated net income declined to P397 million from 1.9 billion, mainly because of the collective effect of lower prices, increased depreciation, higher financing charges, and higher income tax provision in 2014.

  • Siana operations resume

    Red 5 has resumed milling operations at Siana Gold Project with 64,902 tonnes processed and 6345 ounces of gold produced to the end of February. The average mill head grade of processed ore was 3.49 grams/tonne at an average gold recovery of 89.5%.

  • Didipio’s role in company success

    Processing facilities at OceanaGold’s Didipio Gold Project in the north of the Philippines.THE low costs and high grades of the Didipio Gold Project in Luzon have contributed greatly to OceanaGold’s record revenue and net profit in 2014. Managing director and CEO Mick Wilkes says the project has been a huge success for the company and continues to perform very well.

  • Medusa defines gold anomalies

    MEDUSA Mining’s Philippine operating company, Philsaga Mining Corporation, advises that a major corridor of gold in soil geochemistry anomalies have been defined at Guinhalinan prospect which is adjacent to the company’s 1.14 million ounce Bananghilig mineralized system. Bananghilig is to the north of Medusa’s operating Co-O Gold Project in northeast Mindanao.

  • Potential for early Batangas start-up

    THE latest high-grade gold results from Red Mountain Mining’s Batangas Gold Project in southern Luzon have increased the potential of early trial mining and ore sale or toll processing. The results look likely to increase and upgrade the high-grade, at surface, mineral resource in the South West Breccia (SWB) lode structure of Lobo prospect.

  • ECR extends Itogon drilling

    Drilling by ECR Minerals at the Itogon Gold Project.POSITIVE indications from the logging of core from a three hole diamond drilling program at ECR Minerals’ Itogon Gold Project have prompted the company to extend the program by drilling a further hole. The fourth hole was more than 75% complete by mid-March.

  • Nickel Asia to acquire Isabela project

    NICKEL Asia Corp (NAC), the Philippines largest producer of nickel, aims to increase its nickel capacity through acquisition of a mining project in Isabela. NAC is buying a controlling stake in Geogen Corp, a subsidiary of NiHAO Mineral Resources and which owns the mineral rights over the property in Dinapigue, Isabela, for up to P720 million.

  • Locals trained for excavator use

    Trainees take turns with equipment familiarization exercises in an hydraulic excavator training session.IN support of an Agusan del Norte Provincial Government directive on training, Agata Mining Ventures Inc (AMVI) recently partnered with the Technical Education and Skills Development Authority (TESDA) for specialized operator training with hydraulic excavators.

  • Agata DSO shipments increase

    AGATA Mining Ventures Inc (AMVI), a joint venture company involving TVI Pacific (60%) and Mindoro Resources (40%), is increasing nickel direct shipping ore (DSO) shipments from the Agata Nickel Laterite Project in northern Mindanao. The increase reflects the completion of production ramp-up activities that included causeway expansion and stockpile area development work.

  • Now is nickel’s time to shine

    The Agata Mining Ventures Inc joint venture between TVI Pacific and Mindoro Resources is a new nickel project that is benefiting from Indonesia’s ore export bans.WITH Indonesia’s ban on the export of raw ores having a major influence on the global nickel market, now is the time for nickel to shine... and the Philippines is in the perfect position to capitalize. It appears most nickel producers in the country are benefiting from the boom although recent government comments about implementing a similar ban to Indonesia could hinder any long-term gains.

  • PHILIPPINES - Itogon diamond hole nears completion

    The final hole in ECR Minerals’ current diamond drilling program at the Itogon Gold Project is expected to be completed by the end of this week. The hole has a target depth of 80 metres and is intended to follow-up intersections in a previous hole including 10 metres @ 2.15 grams/tonne gold from surface and 7 metres @ 5.33 grams/tonne from 138 metres.

  • PHILIPPINES – Three more Agata DSO shipments

    Agata Mining Ventures Inc (AMVI), a joint venture company involving TVI Pacific (60%) and Mindoro Resources (40%), completed three shipments of high-iron/low nickel direct shipping ore (DSO) during March 2015, for expected gross proceeds of US$1.93 million, from the Agata nickel laterite project in northern Mindanao.

  • PHILIPPINES - Two more Agata DSO shipments

    Agata Mining Ventures Inc (AMVI), a joint venture company in which TVI Resources Development holds 60% and Mindoro Resources holds a 40% interest, has completed its sixth and seventh shipments of high-iron/low nickel direct shipping ore (DSO) from its Agata DSO operations in northern Mindanao.

  • PHILIPPINES – Nickel IPOs proposed in favourable market

    Higher nickel prices and increased demand due to a ban on shipments of ore from Indonesia are expected to lead to a number of IPOs on the Philippines Stock Exchange this year by nickel producers aiming to take advantage of the favourable conditions by expanding existing operations and possibly starting new ones.

  • PHILIPPINES - Fatal shooting at Masbate

    B2Gold Corp last week announced the shooting death of two security guards at the company’s Masbate Gold Project (MGP) operation on Masbate Island in the Philippines. The incident occurred in the early hours of February 11, 2015.

  • PHILIPPINES - Medusa completes shaft upgrade

    Medusa Mining’s Philippines operating company, Philsaga Mining Corporation (PMC), has completed an upgrade to the L8 Shaft at the Co-O Gold Project in northeast Mindanao. The upgrade has been completed and commissioned on schedule and the Level 8 underground operations resumed on afternoon shift on January 13.

  • ECR increases Itogon exposure

    ECR Minerals has increased its exposure to the Itogon Gold Project in Benguet Province through the purchase of 358,000 common shares of Tiger International Resources. Tiger is the parent company of Cordillera Tiger Gold Resources, a Philippine corporation which holds the exploration permit comprising the Itogon epithermal project.

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