Search Results
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.
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.
Delivery Of Coal-Mine From Port Of Newcastle Surged 25%
Newcastle Port Corp website showed, the world’s largest coal export terminal, surged to 2.02 million tonnes in the week to September 22, from 1.6 million tonnes for the week to September 8.
Coal exports from Australia’s Newcastle port surged 25 per cent from the previous week, port data showed, a sign of robust regional demand despite [...]
Sultan Mining and Energy Will First Shipment of Coal Mine Result
Sultan Mining and Energy Development Corp. will make the first overseas shipment of its coal mine exploration output after entering into a supply contract with Switzerland’s Glencore International AG, documents from the Department of Energy (DOE) showed.
Glencore, one the world’s largest suppliers of commodities and raw materials, will purchase 90,000 metric tons of local coal [...]
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 [...]
Xstrata Copper and Gold Mining Project in the Philippines US$2bn
Global mining group Xstrata, which has coal and alloys operations in South Africa, on Wednesday confirmed that its US$2bn Tampakan copper and gold mining project in the Philippines had been raided and two buildings had been torched.
Communist rebels representing the New People’s Army claimed responsibility for the raid, saying its singular objective was “punishing [...]
More oil price hikes loom amid rising crude costs, supply cutback
Fuel pump prices may rise by as much as P1 per liter in the coming weeks due to further increases in global crude costs and an unexpected supply cutback triggered by the Bureau of Customs’ seizure of 300,000 barrels of oil from a Bataan depot.
Seaoil president Glen Yu said the $4 per barrel rise in [...]
Gloucester Coal Investors Vote Against Xstrata Offer (Update2)
Western Mining Co., China’s second- largest maker of lead concentrate, raised 6.2 billion yuan ($816.4 million) in an initial public offering in Shanghai after attracting orders for more than 200 times the shares available.
The producer of zinc, copper and lead sold 460 million new shares at 13.48 yuan each, the top of the range indicated [...]
RP on cusp of mining boom amid buoyant metals prices
Boosted by soaring ore prices, cheap capital and a more investor-friendly regime, mining companies are rushing in and snapping up tenements in the Philippines seeking to profit from the developing world’s industrial boom, experts say.
From majors like BHP Billiton, Anglo-American and Xstrata to bare-bones exploration outfits, they are betting hundreds of millions of dollars that [...]
