Philippines
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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 at a subscription price of …
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.
Excess coal stocks, wind caused pollution-Kepco
An excess stockpile of coal and strong winds resulted in thick, black coal specks being blown to houses near the coal yard of Kepco-SPC Power Corp. in Naga City.
Anti-mining advocate arrested in Philippines over Facebook posting
A 62 year-old woman was arrested in the Philippines for promoting an upcoming demonstration opposing magnetite mining back in 2011.
Philex Mining could face more penalties, but refuses to pay
Philippines-based Philex Mining Corp. (PX:PM), the country's biggest miner, may have to pay fines for violations of the Clean Water Act and the company’s own Environmental Compliance Certificate (ECC), the Mines and Geosciences Bureau (MGB) said Thursday.
Gold miner ready to start producing… coffee?
Philippines-based Philex Mining Corp. (PINK:PXMFF), the country’s biggest miner, said it is ready to start harvesting coffee from its demo farm located in the Barangay Ampucao district, in Itogon.
Gunmen ambush Filipino anti-mining tribal activist, kill 11-year-old son on way to school
Gunmen in the southern Philippines ambushed a tribal chieftain who was campaigning against mining and destruction of forests, killing his 11-year-old son in the latest of several attacks on environmental activists, human rights group Amnesty International said Wednesday.
Philex's tailings dam failings highlight ineptitude of corporate legal team
Adverse publicity surrounding the failings of Philex Mining's (PX:PM) tailings dams in the Philippines attest more to the shortcomings of its corporate legal team more than poor operating standards in developing economies.
Philippine miners duck taxes by selling gold on the black market
Philippine gold production dropped by over half, but the reduction may have more to do with tax policy than actual output.
Filipino miners balk at mining rules
Artisanal miners in the Philippines are accused of causing environmental devastation but the miners vow to resist mining reforms announced by President Benigno Aquino.
Eight nickel shipments completed from Berong output in H1
TOLEDO MINING Corp. Plc. completed eight shipments of nickel ore in the first half from output produced at a Palawan project, the miner said last week.
OceanaGold to sell copper, gold production to Trafigura
OceanaGold will sell 100% of the copper and gold concentrate production from its Didipio project in Luzon, northern Philippines to Trafigura, following signing of a heads of agreement.
The Philippines hike mining royalties and expand bans
After months of intense debate among mining companies, environmentalists, local groups and church leaders, the government of the Philippines has decided to increase royalties from mining companies.
Three mining firm staff abducted in Philippines set free
Suspected New People’s Army (NPA) rebels operating in northeastern Mindanao have released three personnel of a mining firm abducted from a site in Agusan del Sur. Earlier reports said the NPAs sought P25 million for the release of Christopher Ocite, operations manager of VPO Mining; Gani Altaya, assistant operations manager; and Joel Jayuma, the company’s security chief.
Zambales leaders reject coal plant
Zambales leaders on Friday rejected plans for the construction of a 600-megawatt coal-fired plant here, during a public hearing that was arranged by a consortium of energy firms to convince government to issue an environmental compliance certificate (ECC) for the project.
Copper-gold project gets lift from court injunction
Philippines court of appeals has issued a writ of preliminary injunction enjoining the old board of the Nationwide Development Corp. from rescinding a joint-venture agreement that Nadecor signed with Toronto-listed mining firm St. Augustine Gold and Copper involving the King-king copper-gold mining project in Pantukan, Compostela Valley, in Mindanao.
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.
Xstrata $60 billion Philippine mine may stall at church door
Xstrata Plc (XTA), the world’s fourth- biggest copper producer, risks missing a 2016 target to begin extracting about $60 billion of minerals from its project in the Philippines because of opposition from the Catholic Church.
Cebu copper miner records output increase last month
Carmen Corp., a subsidiary of listed miner Atlas Consolidated Mining and Development Corp., posted output hike last month on the back of better metal grades and higher gold prices.
400,000 tonnes dead weight – Vale's massive ore carriers suffer new setback
Two of Vale's massive Valemax carriers were in Subic Bay, Philippines for just under a month transferring cargo to smaller ships to carry iron ore onto China, because the 400,000 tonne vessels may not dock at Chinese ports.
Zijin Mining looking to Asia for more gold, copper assets
Chinese copper-gold giant Zijin Mining Group is on the move again with plans for more acquisitions.
Nickel mining in Philippines: provincial governor to be charged with murder of anti-mining activist
In January last year local radio broadcaster Gerry Ortega, who fought hard for a ban on mining on Palawan was slain and now the Philippines' Department of Justice asked for murder charges to be filed against former Palawan Governor Joel Reyes and four others in connection with his death.
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