Philippines

Nickel price rally still has a long way to go

Frik Els | September 9, 2014
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

Cecilia Jamasmie | June 2, 2014
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

Frik Els | April 29, 2014
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

Cecilia Jamasmie | March 3, 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

Ana Komnenic | January 30, 2014
Glencore Xstrata logs $7.4bn net loss as eyes oil deal with Russia

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

Compression mining up close in the Philippines

Michael Allan McCrae | January 29, 2014
compressor mining philippines

Dindo Leche started mining when he was 14.

Philex Petroleum closes coal mine, executive quits

Cecilia Jamasmie | September 2, 2013
Philex Petroleum closes coal mine, executive quits

Zamboanga Sibugay mine turned out unprofitable.

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

Cecilia Jamasmie | August 13, 2013
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

Cecilia Jamasmie | July 26, 2013
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

Frik Els | June 5, 2013
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

Philippine Daily Inquirer | June 2, 2013

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

Marketwired | May 16, 2013
Philippines marker on map

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

Cecilia Jamasmie | February 28, 2013
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

Cecilia Jamasmie | December 12, 2012
Xstrata hinders 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

Michael Allan McCrae | December 8, 2012
philippines mining logging flooding typhoon

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

Frik Els | November 23, 2012
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

Cebu Daily News | November 13, 2012

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

Cecilia Jamasmie | November 6, 2012
Anti-mining-advocate-arrested-in-Philippines

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

Cecilia Jamasmie | September 27, 2012
can't hear you

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?

Cecilia Jamasmie | September 13, 2012
coffee beans

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

Montreal Gazette | September 5, 2012
Philippines marker on map

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

Marc Howe | August 24, 2012
Businesssuit

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

Michael Allan McCrae | August 20, 2012
miners 333

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

Michael Allan McCrae | August 5, 2012
Central bank: 95% of mined Philippines gold is smuggled out

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

Business World Online | August 5, 2012

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

Energy Business Review | July 15, 2012

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.

More »