• Incessant rain hampers Runruno ramp-up

    A PROLONGED period of incessant rainfall has been a major factor in hampering the plans of Metals Exploration to get its Runruno Gold Project in Nueva Viscaya province up to full speed. The project is currently in the ‘test running and debugging’ phase.

  • Medusa progresses Co-O’s five pillars

    MEDUSA Mining has made significant progress on its five focus areas of development at the Co-O Gold Project - E15 service shaft; mine ventilation upgrade; mine de-watering expansion; Level 8 drilling stations for resource expansion; and prioritised mine development.

  • Masbate gold mine performs strongly

    THE Masbate Gold Project is continuing its strong operational performance with above budget production during the September quarter. This prompted B2Gold to increase 2016 production guidance to between 200,000 and 210,000 ounces from 175,000 to 185,000 ounces.

  • First sale of Runruno gold

    METALS Exploration achieved its first gold sale from the Runruno project in the Philippines late last year after gold doré produced during commissioning activities was uplifted from the project site for refining. The sale marked a major milestone in the project’s drawn-out development.

  • Storm clouds gather over Philippines

    The clouds building up over the Philippines mining industry continue to darken with new President Rodrigo Duterte stating this week that the country can survive without revenue from mining companies. He has warned mining companies to strictly follow environmental rules and regulations or face closure.

  • PFS confirms low-cost Batangas project

    The completed pre-feasibility study (PFS) on Red Mountain Mining’s flagship Batangas Gold Project in the Philippines confirms that it will be a low-cost project generating an estimated $A46 million in free cash flow during the first seven years of production.

  • Approval to develop Balabag mine

    TVI Resource Development (Phils), Inc (TVIRD), a company in which TVI Pacific has a 30.66% equity interest, has received approval for the Declaration of Mining Project Feasibility (DMPF) at the Balabag Gold-Silver Project in Zamboanga del Sur province, the Philippines.

  • Carmen Copper ISO certified

    Carmen Copper Corp has been certified for its Integrated Management System covering ISO 14001:2004 for environmental management and OHSAS 18001:2007 for occupational health and safety management.

  • Improved safety measures at Panian

    ADDITIONAL safety measures have been implemented at Semirara Mining and Power Corporation’s Panian Coal Project after a landslide last July. The accident claimed nine lives while five dump trucks, an excavator and a wheel dozer were destroyed.

  • IPO funds for Batangas project

    PART proceeds of an IPO by Bluebird Merchant Ventures on the Main Market of the London Stock Exchange (LSE) will be used complete a feasibility study and permitting at Red Mountain Mining’s Batangas Gold Project in Luzon. Bluebird is a strategic funding partner for the project.

  • Masbate production similar in 2016

    B2GOLD has forecast similar 2016 production from Masbate Gold Project than the 175,803 ounces produced last year. The guidance is between 175,000 and 185,000 ounces, slightly higher than the 2015 guidance of 170,000 to 180,000 ounces.

  • ECR mulls further Danglay exploration

    ECR MINERALS is considering the extent to which it may carry out further exploration at Danglay Gold Project in Luzon following publication of a technical resource report. ECR is operator of the project with the right to earn a 50% interest as part of an earn-in and joint venture agreement between ECR, Tiger International Resources and Cordillera Tiger Gold Resources.

  • T’Boli plant continues ramp up

    THE processing plant at Cadan Resources’ T’Boli Gold-Silver Project continues to advance towards sustainable design output of 200 tonnes per day. During February the plant even achieved above average daily production rate of 207 tonnes for eight consecutive days.

  • Positive DFS for Mabilo

    AN independent feasibility study into RTG Mining’s Mabilo Copper-Gold Project in southeast Luzon has shown that the project will be profitable, even at the current lower commodity prices. It shows the project to be high grade and low cost, delivering an internal rate of return (IRR) of 33.45% and a net present value of $223 million.

  • Mine permit approval for King-king

    THE Philippines Mines and Geosciences Bureau (MGB) has approved the Declaration of Mining Project Feasibility (DMPF) for St Augustine Copper and Gold’s King-king Copper-Gold Project in Mindanao. The approval, which was awarded to St Augustine’s joint venture partner, Nationwide Development Corporation (NADECOR), is the last major permit required to initiate development, construction and operation of the King-king mine.

  • Abra intends reopening Patok project

    ABRA Mining & Industrial Corp has raised up to US$6.3 million from three new investors, thereby completing US$21 million in private placement offerings in the past six months. Funds raised will be used for reopening the Patok Gold Project and for production and marketing of calcic lime, also known as quicklime.

  • Medusa on track to meet guidance

    MEDUSA Mining remains on track to achieve production guidance for the 2016 financial year of 120,000 to 130,000 ounces from the Co-O Gold Project. The first half of the period produced 61,169 ounces, which was a 27.8% increase on the corresponding period of FY 2015 and a 21.2% increase on the first six months of 2015.

  • Five year Didipio exploration extension

    OCEANAGOLD has received a five year extension to the exploration period of its Financial and Technical Assistance Agreement (FTAA) at the Didipio Gold Project. This paves the way to conduct exploration in the broader region surrounding the mine, which is in the Cagayan Valley in Luzon.

  • Runruno development nears completion

    METALS Exploration and its Filipino partner FCF Minerals Corporation are on schedule to commence commissioning of the Runruno Gold Project during June. The production ramp-up ad plant optimisation is expected to occur throughout the second half of the year.

  • PYBAR raise bore rig for Didipio

    PYBAR Mining Services has been awarded its first international contract for the provision of rapid underground development and raise boring services at OceanaGold’s Didipio Gold Project in the Philippines. The contract will utilise PYBAR’s newly acquired RBR600-VF raise bore rig, the second largest in Australia.

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