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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.
Hong Kong Firm Bid Philipines Gold Producer, Medusa Mining Ltd.
Hong Kong-based merchant banking and asset management group Crosby Capital Ltd has launched an off-market $182 million cash takeover bid for Philippines-focused gold producer Medusa Mining Ltd. At 1203 AEST, shares in Medusa had jumped 11 cents, or 11.58 per cent, to $1.06.
Crosby was part of a consortium that last week dropped its $540 million [...]
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 [...]
Golden Cycle Gold Corporation joint venture with AngloGold Ashanti
Golden Cycle Gold Corporation is pleased to announce the completion of the Mine Life Extension Pre-Feasibility Study at the Company’s 33% owned joint venture with AngloGold Ashanti (Colorado) Corporation, the Cripple Creek & Victor Gold Mining Company (”CC&V”). The successful completion of the study moved the mine life extension project into the formal feasibility [...]
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 [...]
Mindoro Resources Ltd.: Further Positive Drill Results From Agata Nickel Laterite
Mindoro Resources Ltd. is pleased to report results from a further eleven drill holes on two drill cross sections on the Agata nickel laterite project. The limonite horizon on the two sections, 100 meters apart, averages 1.15 percent nickel and 44.77 percent iron over an average thickness of 6.63 meters. These grades exceed current requirements [...]
Xstrata Extends Offer for LionOre
Xstrata plc announces the extension of the expiry time of its all-cash offer to acquire all of the LionOre Mining International Ltd. (”LionOre”) shares to midnight (Vancouver time) on 28 June 2007. Following Xstrata’s decision not to match the offer made by OJSC MMC Norilsk Nickel (”Norilsk”) to acquire all of the LionOre shares, LionOre [...]
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 [...]
TVI Pacifique indicates results of drilling of encouraging Tinago
CANADIAN mining firm TVI Pacific Inc. last week said its Philippine affiliate had received “further positive” assay results from ongoing exploration drillings in the Balabag gold and silver prospect in Zamboanga del Sur.
Drillings are being made on the Tinago-Miswi-Lalab vein system, 75 kilometers from TVI Resource Development (Philippines) Inc.’s Canatuan mine in Zamboanga del Norte, [...]
