Philippines Mining News

Nickel price is plummeting

Down nearly $800 since Monday as Indonesia ore exports return to market, Philippines rethink mine closures.

Philippine miners say gov’t shutdown order ‘illegal’

Should the government go ahead with all the recommended shutdowns and suspensions, global supply of nickel will drop by about 8%.

Nickel hits 3-week high after Philippine mine closures

The price of nickel rose sharply last week as traders placed bets on supply pressures reverberating from a decision by the Philippines to close almost two dozen mines.

Philippines to extend ban on new mines, review current permits

The move is part of the government's increasing efforts to clamp down on damage caused by the mining industry in the nation, the world's top nickel ore supplier.

Nickel price rally 'on shaky ground'

Partial lifting of Indonesia ore ban could make up any potential Philippines export losses.

As Philippines announces more mine suspensions, nickel prices go up

The announcement sent global nickel prices up more than 1% on Tuesday.

Manila targets gold miners in latest crackdown

Could shut down 60% of Philippines output – Asia's number three gold producer.

Philippines & Indonesia: Mining companies face increased compliance risks, further uncertainty

Both countries have poor records for enforcing environmental regulations, leading to tensions between communities and the mining sector, which the leaders of both countries have pledged to address.

Wall collapses at Philippine coal pit, killing 5 workers and leaving 4 missing, governor says

A wall in a vast coal pit collapsed in the central Philippines early Friday, killing five workers and leaving at least four others missing at a site where a similar deadly accident occurred two years ago, a governor said Friday.

Nickel price rally still has a long way to go

Filipino supply worries, depleting Chinese stocks and Indonesian refinery delays could see nickel rise close to $30,000 a tonne.

Philippines eyes $1bn revenues from proposed new mining law

The new revenue-sharing scheme would see the government taking 55% of the industry's net revenues or 10% of gross revenue, whichever is higher.

Wave of buying sends OceanaGold shares surging again

Melbourne-based company sets profit and production records from mines in New Zealand and the Philippines. Stock is already up 67% in 2014.

Alberta most attractive mining destination in Canada, third worldwide

Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.

Glencore Xstrata wants out of Philippine copper-gold project

Glencore has previously indicated that it has no interest in 'greenfield' projects.

Compression mining up close in the Philippines

Dindo Leche started mining when he was 14.

Philex Petroleum closes coal mine, executive quits

Zamboanga Sibugay mine turned out unprofitable.

Glencore Xstrata unit slashes funding for its Tampakan copper-gold project

The $5.9 billion Philippine project is considered one of the largest foreign direct investments in the South Asian country.

American businessmen accused of using fake gold mine to get $1m from investors

Bogus mine was supposed to be in the Philippines.

New Philippines mining tax sees 10-fold revenue increase

Foreign investment has halved in two years and far-reaching amendments to 1995 mining law not likely to encourage new projects.

Vizcaya tribal folk join barricade vs mine firm

Tribal folk in this upland town are taking turns in watching two road barricades they have set up to block the entry of equipment and supplies for an Australian-owned mining firm.

St. Augustine Gold and Copper announces US$11 million financing

SPOKANE, WASHINGTON–(Marketwired – May 15, 2013) – St. Augustine Gold and Copper Limited (TSX:SAU) ("St. Augustine" or the "Company") announced today a private placement with Queensberry Mining and Development Corp. The placement is for 55,000,000 shares […]

Fraser Institute ranks Finland and Sweden top mining destinations

Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.

Xstrata puts off $5.9bn mine in Philippines until 2019

Swiss miner Xstrata (LON:XTA) is delaying the commercial production of its $5.9 billion Tampakan copper-gold project in the Philippines to 2019, Sagittarius Mines Inc, the firm's local unit, said Wednesday.

Mining, logging 'contributed' to Philippine disaster

Whole towns were washed away or buried by landslides when Typhoon Botha smashed into a mountainous region on the southern island of Mindanao last week, leaving 548 people confirmed dead and 827 missing.

Central bank: 95% of mined Philippines gold is smuggled out

After the government started enforcing a 7% tax on precious metals, most small-scale producers started selling to smugglers.