PHILIPPINES - GEAR International obtaining mining rights
PHILIPPINES - GEAR International obtaining mining rights
Emerging US-based resource development company GEAR International has made progress in acquiring significant copper and gold mineral mining rights in the Philippines and is now in the final stages of negotiating the deal with the government.
GEAR began negotiations with the government in September 2011 regarding the rights, working with the former natural resources minister Felix Abanjin to strengthen resource development ethics in the Philippines.
The company’s president Dale Geck says, “We are very pleased with the mineral prospects in the Philippines and GEAR is proud to support the movement towards global resource nationalism of the mining sector in the Philippines.”
The company was established as a golf equipment business in 1996 but only last year shifted its focus to the mining sector and is in the process of acquiring US$30 billion in proven and probable ground mineral assets.
Dale Geck says GEAR’s mission is to become one of the world’s most recognized gold and silver producing companies by identifying, acquiring and developing world-class mining properties and then processing the ore in a profitable and environmentally secure manner.
Last year GEAR acquired a controlling share in Western Sierra Mining which owns numerous mining claims totalling more than 1000 acres.
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