Mining
SMI drill contractor slain in ambush, two others injured
GENERAL SANTOS CITY (December 22) – A supervisor of a drilling company was killed while two others were seriously hurt when unidentified armed men fired at their vehicle before midnight Sunday in the remote village of Tablu in Tampakan, South Cotabato.
Sagittarius Mines Inc. (SMI) corporate communications manager John Arnaldo confirmed the incident through e-mail [...]
Trouble in Tampakan village far from over
TAMPAKAN, South Cotabato (November 29) – Village officials of Liberty in Tampakan, South Cotabato appeared unsatisfied over the commitment of mining firm Sagittarius Mines Inc. to look into their demand for a principal agreement that would entitle them to development assistance similar to three other barangays that are hosting the company’s mining development areas.
Liberty [...]
Despite falling nickel prices,Amcor to pursue Pujada project
GENERAL SANTOS CITY (November 27) - Falling prices of nickel in the international market will not deter Asiaticus Management Corp from pursuing its exploration project in Pujada, Mati City, Davao Oriental, its company chair said Wednesday.
In a press statement, Amcor chairman Pedro Tan said it is “determined to continue with the development of the 11,799-hectare [...]
Irate villagers block road to Tampakan mining site
GENERAL SANTOS CITY (November 17) – For the third time in a little over a year, residents in Tampakan, South Cotabato have again barricaded the road in barangay (village) Liberty that leads to the core farm and the drill sites of Sagittarius Mines Inc.
Carrying placards and streamers demanding for work, the protesters prevented vehicles owned [...]
Indophil shareholders okay Alsons buyout bid
DAVAO CITY (November 12) – By a vote of majority of its shareholders, the management of Indophil Resources NL was given the go ahead signal Wednesday to negotiate with Filipino conglomerate Alsons Corporation for the potential sale of its minority share at the Sagittarius Mines Incorporated (SMI), owner of the Tampakan Copper and Gold Project.
In [...]
Indophil bid war gets ugly
GENERAL SANTOS CITY (November 3) – The bid of Alsons Corporation to corner the minority shares of Indophil Resources NL at the rich Tampakan Copper and Gold Project appeared to be headed towards a corporate showdown with Swiss mining giant Xstrata Plc. after its subsidiary in Australia Xstrata Copper based in Queensland, Australia on Monday [...]
Mines chamber sets forum for funding of projects
GENERAL SANTOS CITY (October 19) – The Chamber of Mines of the Philippines has scheduled a forum with international banks and financial institutions early next year in an effort to fast track the development of several big mining projects in the country.
CMP president Benjamin Phillip Romualdez made the announcement after the 8th Asian Pacific Mining [...]
CPP-NPA a threat to mining industry – DND
MANILA (October 16) – Defense Secretary Gilbert Teodoro said the Communist Party of the Philippines and its armed wing the New People’s Army (CPP-NPA) remain a major threat to the development of the mining industry in the country.
Teodoro, who keynoted the 8th Asia Pacific Mining Conference, said the communist rebel movement is “extorting” money from [...]
Mining giants cautious
MANILA (October 15) – Several mining giants are reportedly wary on pouring more investments in the Philippines because of potential risks involved that include volatile government policy on mineral development in the country.
Phil Carney, who spoke on strategic risk and management planning during the 8th Asian Pacific Mining Conference, said although there has been a [...]
Atienza urges mining firms to coordinate with PNP, AFP
MANILA (October 14) – Environment and natural resources Secretary Lito Atienza on Tuesday said mining firms should conduct security and social assessment of their operations and coordinate with the police and military.
In an address delivered during the 8th Asia Pacific Mining Conference held here, Atienza said a joint mining security protocol is needed to ensure [...]
