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British Mining Companies Face Challenge On Unjust Practices
Representatives of communities in Colombia, West Papua and the USA are in London to challenge the claims of two of Britain’s biggest mining companies that their operations are sustainable and fair. Critics say that in reality they are violating human rights and causing irreversible environmental damage.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
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 Result Demand Slowdown, Nickel, Zinc, Copper Fall as Slumping Demand Boosts Inventories
Nickel, zinc and copper fell as a global economic slowdown weakened demand for industrial metals used in manufacturing and construction.
Philipine Coal Mine Company, Sultan Mining Needs Capital to Ramp Up Coal Mine Production
Philippine coal miner Sultan Mining & Energy Development Corp. Wednesday said it will use proceeds from its planned initial public offering to ramp up coal production, helping the company to swing to profit within a year.
Sultan produces 1,000 metric tons of coal from its mining claims in Bislig, a town in southern Philippines, up from [...]
Phoenix Petroleum soars on market debut
Phoenix Petroleum Philippines Inc., the third company to list this year on the stock exchange, jumped 30 percent on its market debut on Wednesday.
The firm, which is engaged in the trading of refined petroleum products in Southern Philippines – opened higher at P14 and closed at P12.75 versus its listing price of P9.80.
Davao-based Phoenix [...]
Japanese company open to helping RP build nuke facility
THE Tokyo Electric Power Corporation (Tepco) of Japan is willing to assist the Philippines if it will push through with its plan to put up nuclear power plants in the country.
Tepco general manager Satoru Harada for machinery department 1 for power projects, made the offer after the government announced that it would revive plans [...]
APEC to Seek Closer Cooperation Between Oil Companies (Update1)
Asia-Pacific Economic Cooperation countries agreed to seek closer cooperation between oil and gas companies to improve energy trade flows and supply security.
All companies, not just national oil companies, need to cooperate to improve transparency in the market and free up trade, Ian Macfarlane, Australia’s industry minister, said at a media briefing during the APEC energy [...]
APEC to Study Impact of State-Owned Oil Companies
Asia-Pacific Economic Cooperation energy ministers plan to study the impact that state-owned oil and gas companies is having on trade and investment, according to a draft communique.
The 21-member body, including China, the U.S. and Russia, will set up a working group to assess how to cooperate with state-owned companies, according to the draft statement obtained [...]
