Mining

MANILA, Philippines – The Department of Trade and Industry (DTI) announced they will be identifying mining sites that does not have any problems with residents, local government units (LGUs) and the church in order to help potential investors in choosing viable destinations.

MASINLOC, Zambales: Eighty Chinese allegedly working in a mining firm in Masinloc, Zambales were detained by the Philippine National Police Friday. Police Senior Supt. Rafael Santiago, Zambales provincial director of the Philippine National Police confirmed that the 80 Chinese nationals were in the vicinity of Coto Mining Inc. (CMI) located in Barangay Taltal, Sitio Coto…

It is precisely the nightmare that haunts investors considering putting in billions of dollars in the Philippine economy. The Bloomberg newsflash read: “Mining ban looming in the Philippines.”

MANILA, Philippines – The mining industry accused yesterday the Catholic Bishops’ Conference of the Philippines (CBCP) as being against the development of the country’s God-given natural resources after the prelates asked President Aquino to put an end to large-scale mining.

The Chamber of Mines of the Philippines (CMP) on Monday scored the Catholic Church for its “extremist view” against the exploitation and development of the country’s natural resources. In a statement, Nelia Halcon, the executive vice president Chamber of Mines, expressed disappointment over the letter of the Catholic Bishops’ Conference of the Philippines (CBCP) to…

MANILA, Philippines – With a little over a week before his first State of the Nation Address (SONA), the Catholic Bishops’ Conference of the Philippines (CBCP) sent a letter to President Aquino asking him to stop the practice of large-scale mining in the country.

Rising prices, global recovery cited; value of Q1 output up 28% THE PHILIPPINE MINING INDUSTRY could be headed for a good year given higher metal prices and the prospect of more investments, officials and analysts said.

The A lternative Mining Bill (AMB), a.k.a. House Bill 6342, or the Philippine Mineral Resources Act of 2009, is a proposed policy to scrap the Mining Act of 1995 and introduce a new mining policy, which is anchored on land and natural resources management and human rights-based approach. The bill aims to regulate the rational…

Lakas-Kampi CMD presidential bet Gilbert Teodoro has presented ways that would allow mining operation to continue and help provide communities with livelihood without hurting the environment.

MANILA, Philippines – The mining sector received a total of $2.8 billion in investments following the implementation of a revitalization program for the minerals industry during the term of President Arroyo.

MINING INVESTMENTS in the Philippines reached $375 million—just a little more than half of the $650-million target for 2009, according to the Mines and Geosciences Bureau (MGB).

MANILA, Philippines – The Chamber of Mines of the Philippines (COMP) has registered its opposition to House Bill 6342, otherwise known as the alternative mining bill.

Compostela Valley, Philippines—The female “baylan” was at the midpoint of the ritual when she suddenly stopped. She felt something had perched on her arm and her chants fell to an abrupt crescendo.

MANILA, Philippines – Strong gold prices have encouraged several mining firms to ramp up production and explore new areas to be able to cash in on the gold bonanza which could last until next year or while the US economy remains in the doldrums.

The Philippine mining industry hopes to make a strong comeback next year with as much as two billion dollars in investments as the global financial slump eases, the government said on Wednesday.

MANILA, Philippines – The Chamber of Mines of the Philippines, Inc. (CMP) warned yesterday that continued protests by some anti-mining groups “would send a wrong signal to investors interested in putting capital not only in mining, but in other ventures as well.”

MANILA, Philippines – The Mines and Geosciences Bureau (MGB) is projecting a 10-percent increase in mineral production value this year due to the improvement in the prices of gold, nickel and copper as the global economy starts showing signs of recovery.

MANILA, Philippines—Sorsogon Bishop Arturo Bastes said residents should not be tempted by offer of jobs by mining companies since these are but brief employment.

Zambales is not new to mining. Acoje Mining dug for chromite in Santa Cruz for 75 years beginning in the 1930s. In 1934, Benguet Corp. began to extract chromite from the mountains of nearby Masinloc town, and continued doing so for half a century. In San Marcelino town, the Benguet-Dizon firm leveled mountains for gold,…

As prices improve, firms scramble to develop sites MANILA, Philippines – Prospects of mining firms are looking up as the price of gold continues to improve, according to government and company officials.

MANILA, Philippines – The Philippines has slashed its investment target for the mining sector this year to just over $600 million from an earlier goal of up to $1 billion with slow initial inflows, a senior government official said on Tuesday.

MANILA, Philippines – The new management of the Rapu-Rapu polymetallic project in Albay said yesterday that it is putting in place measures to protect the people and the environment.

MANILA, Philippines – The Department of Environment and Natural Resources-Mines and Geosciences Bureau (DENR-MGB) projects a total of $606.86 million in investments in priority mining projects this year, 17.6 percent higher than the $515.86 million invested last year.

BERLIN: As demand booms for ever dwindling stockpiles of rare metals used in high-tech appliances, industries and countries are scrambling to secure their supplies, according to German research.

MANILA, Philippines – Environment and Natural Resources Secretary Jose L. Atienza yesterday expressed optimism that the Philippines will be able to achieve its original investment target this year of $1 billion instead of its revised target of just $800 million.

Intex Resources Philippines Inc., a unit of Intex Resources ASA of Norway, yesterday signed a $2.95-billion agreement with the Philippines to develop a nickel reserve on an area straddling Occidental and Oriental Mindoro provinces.

Mining companies in the Philippines are cutting staff, putting some projects on hold and scrambling for cash as the global crisis financial drags down commodities prices, industry officials say. The economic slowdown could not have come at a worse time for the resource-rich southeast Asian country, which had been trying to rebuild the mining industry…

Mining companies in the Philippines are cutting staff, putting some projects on hold and scrambling for cash as the global crisis drags down prices commodities, industry officials said.

One of the biggest nickel mines in the country has suspended operations and cut more than 600 jobs, while Nissan Motor Philippines retired 15 percent of its workers.

The Philippine mining sector stands to benefit from a new Indonesian law imposing stricter requirements on investments in the Indonesian mining sector, Mines and Geosciences Bureau director Horacio Ramos said.