Business World

Gold Fields unlikely to bag concessions

Gold Fields Ltd. may have to settle for a shorter than planned mine life for a gold project in the Philippines due to permit restrictions, a government official said.

Mining policy vacuum in Philippines is stifling investment

The national government should promptly address uncertainties now hounding the mining industry due to the former’s unclear policy towards the sector the Chamber of Mines of the Philippines says.

Medusa Mining cuts target for Surigao gold production

Medusa Mining Ltd. has slashed targets for gold production from its site in Surigao del Sur due to construction work and a worker fatality. The Australian miner now expects to produce 90,000 to 100,000 ounces of gold for the finanical year 2011 to 2012.

Corporate News: Copper miner keen on JV, takeover for Negros Oriental site

BANGALORE -- Copper Development Corp., which has stakes in several mining projects in the Philippines, has received interest from a number of mining firms for a project in Negros Oriental, its chief executive said, adding the copper miner is also open to