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.
Melbourne-based company sets profit and production records from mines in New Zealand and the Philippines. Stock is already up 67% in 2014.
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 has previously indicated that it has no interest in 'greenfield' projects.
Dindo Leche started mining when he was 14.
Zamboanga Sibugay mine turned out unprofitable.
The $5.9 billion Philippine project is considered one of the largest foreign direct investments in the South Asian country.
Bogus mine was supposed to be in the Philippines.
Foreign investment has halved in two years and far-reaching amendments to 1995 mining law not likely to encourage new projects.
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.
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 …
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.
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.
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.
After the government started enforcing a 7% tax on precious metals, most small-scale producers started selling to smugglers.
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.
A 62 year-old woman was arrested in the Philippines for promoting an upcoming demonstration opposing magnetite mining back in 2011.
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.
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 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.
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 gold production dropped by over half, but the reduction may have more to do with tax policy than actual output.
Artisanal miners in the Philippines are accused of causing environmental devastation but the miners vow to resist mining reforms announced by President Benigno Aquino.
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 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.
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.
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