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Mindoro Resources Ltd.: Update From Agata Nickel Laterite Project
Mindoro Resources Ltd. is pleased to provide an update from the Agata nickel laterite project, where five coring drill rigs are in operation. Both limonite and saprolite horizons of the laterite are substantially thicker than anticipated, not only increasing tonnage potential, but also expanding market potential for the higher-value nickel material in the saprolite [...]
Anglo American seeks Philippine mining permits
Anglo American Plc , the world’s third biggest mining group, has joined the rush to discover new Philippine mines by seeking permits to explore in a dozen areas in the country, a source close to the firm said on Friday.
Anglo, which has a joint venture with local firm Philex Mining Corp. in the Boyongan copper [...]
Mindoro Resources Ltd.: Drilling Underway on Calo Porphyry Copper-Gold Prospect
Mindoro Resources Ltd. today reported that drilling has commenced on its Calo porphyry copper-gold prospect, located within Mindoro’s Batangas projects, Luzon Island, the Philippines. An initial program of 3,500 meters in six drill holes is planned. Due to the very large size of the target, these will be widely-spaced, and up to one kilometer apart. [...]
Golden Cycle Gold Corporation Operations Update
Golden Cycle Gold Corporation is pleased to provide an update on corporate activities. The Cripple Creek & Victor Gold Mining Company (”CC&V”), the Company’s 33% owned joint venture with AngloGold Ashanti (Colorado) Corporation, experienced a prolonged drought over the fourteen months leading into June 2006. The drought caused reduced pregnant pond levels within Valley [...]
Ambrian Launches AIM’s First Precious Metals Fund
London investment banking group Ambrian Capital has today launched the Golden Prospect Precious Metals Ltd. closed-end fund on the London Stock Exchange’s Alternative Investment (AIM) market, ticker symbol: GPM. The fund is the first fund to list on the AIM dedicated to making equity investments in the precious metals sector and is registered in the [...]
Rapu-Rapu, make or break for mining
Mining boosters insist Filipinos are squandering valuable opportunities for sustainable development by giving companies engaged in this highly controversial extractive industry a hard time.
Litigation and street protests merely stall the discovery of the wealth lying beneath our feet, they say. What fools Filipinos are for passing up this chance at progress!
DENR adopts stricter process in approving mining contracts
The government has introduced a stricter procedure of approving mining contracts that gets foreign and local investors to answer to questions of national interest including benefits sharing and environmental protection in potential mining areas.
Department of Environment and Natural Resources (DENR) Secretary Angelo T. Reyes said that government has started an interview process in mining projects [...]
