PAPUA NEW GUINEA - Major increase in quality of Mt Kare resource

An updated mineral resource estimate for Indochine Mining’s Mt Kare Gold-Silver Project in Papua New Guinea has more than doubled the measured and indicated resource. ASX-listed Indochine says the updated estimate has confirmed improved project confidence.  1

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PHILIPPINES - AG&P raises funds to support growth

Atlantic, Gulf and Pacific (AG&P), an industrial process outsourcing (IPO) company, providing engineering, fabrication, modularization, installation, operation and maintenance to the oil & gas, mining, power and civil infrastructure sectors, has raised about US$53 million in an equity financing. The financing is part of a broader capital raising program and follows the closure of a corporate note issuance and working capital line offering in the Philippines earlier in the year which raised about US$93 million.

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PHILIPPINES - B2Gold resumes Masbate processing

Processing at B2Gold’s Masbate gold operations on Masbate Island has resumed after minor leaks in the process plant tailings line were observed leading to a suspension of operations from June 5. Subsequent measurement led to steel line replacement before operations recommenced on June 22.

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