By law, all gold produced by small miners in the Philippines should be sold to the central bank at around market price, but miners have circumvented taxes introduced in 2011 by selling on the black market.
Philippines Mining News
Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal.
It's little surprise that environmental activists may be tempted to pop champagne corks.
OceanaGold Corp. says its mines will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year.
The Philippine Iron and Steel Project will be the country's first integrated steel complex and represents the biggest industrial investment from China.
The nine mines, six of which are nickel operations, have been shut since 2017 as part of an environmental crackdown on the sector.
Egypt recently bought gold for the first time since 1978, India, Indonesia, Thailand and the Philippines have re-entered the gold market after years-long absences.
Environment and Natural Resources Secretary ordered all small-scale mining stopped in the Cordillera region, where landslides killed 24 people.
Typhoon Mangkhut lashed the northern Philippines with winds of 205 kilometres per hour, gusts of 255 kilometers per hour and heavy rain that left at least 64 people dead.
Miners are urging the government to lift a six-year ban on large-scale projects in the Philippines after the state removed restrictions on smaller ventures.
The panel reviewed the 27 mines in the world's No. 2 nickel ore supplier that former Environment and Natural Resources Secretary Regina Lopez ordered closed or suspended last year.
Up 75% in a year battery producers stock up on high grade exchange-held metal in anticipation of electric vehicle boom.
The Philippines' top nickel ore producer, Nickel Asia Corp, said its export plans in 2018 remain unchanged despite government plans to limit mining areas.
The review by the Mining Industry Coordinating Council is now set to take six months instead of three, according to the Department of Finance.
The Canadian miner says any contemplated amendments in a new mining code will not apply to Fekola without its consent.
The market intelligence firm says global nickel ore production growth will continue to accelerate in 2018 as major producer countries see a recovery in production levels following subdued output in 2017.
This is the ninth consecutive year the Canadian miner achieves record annual gold production.
Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.
President Rodrigo Duterte's decision not only ignores demands from pro-mining groups but also from members of his own government, including the current environment minister Roy Cimatu.
The Fekola mine will add up to 410,000 ounces of gold to the company's annual output.
Mines minister says will follow new recommendations of environment regulator reviving projects like giant Tampakan, Silangan copper-gold mines.
Lepanto was among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown.
Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.
Roy Cimatu, who replaced ousted ecologist Regina Lopez in May, has said he would review evidence brought forward by mining companies and communities before deciding whether to keep, modify, or reverse his predecessor's measures.
Former minister Lopez had to leave the post after the same legislative panel that delayed Cimatu’s confirmation rejected her appointment.