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Philipines Mining Exploration : Firm Apply Permit Mine Exploration for Copper, Gold and Silver Mine Deposits


A Filipino company has sought an exploration permit for copper, gold and silver deposits in three provinces, the first to file an application this year with the Mines and Geosciences Bureau (MGB) in Central Mindanao.

Mining Exploration in Davao Reported by Sagittarius Mines, Inc.


Gunmen believed to be communist rebels raided a drilling site of foreign-backed Sagittarius Mines, Inc. (SMI) in the hinterland village of Kimlawis in Kiblawan town in Davao del Sur around midnight Saturday, and seized several firearms.
Before the gunmen fled, they burned a drilling rig of a contractor hired by the SMI for its exploration project.
SMI [...]

New Tampakan mayor vows support to mining venture


LOCAL government support for the huge Tampakan copper and gold project will continue despite the change in town leadership following the May 14 elections, a top local executive vowed.
Newly elected Mayor Bienvenido Barroso, who replaced his father, gave assurances last week to Sagittarius Mines, Inc. that his administration would fully back the venture of the [...]

Gov’t to earn P115M in Sagittarius Mines deal


THE government is going to earn P115 million in capital gains tax when Xsrata Queensland Limited delivers close to P2 billion as payment to the owners of Sagittarius Mines Inc. on March 30.
According to officials of Indophil Resources NL, which owns 95 percent of the Tampakan copper and gold project, the payment represents the amount [...]

Church still oppose to mining firm overtures


THE local Catholic Church has renewed calls for the stoppage of the huge mining venture in Tampakan, South Cotabato.
Bishop Dinualdo Guttierez of the Diocese of Marbel urged the public to staunchly oppose the copper and gold project of Sagittarius Mines Inc (SMI).
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