Nido Petroleum Ltd (Nido) announce that oil production has commenced from the Galoc oil field, offshore Palawan Island in the Philippines. Oil production commenced on 9 October 2008. Oil is now flowing to the FPSO ‘Rubicon Intrepid’.
Ms. Joanne Williams, Nido’s Deputy Managing Director, said “We at Nido have been patiently working towards this day since [...]

Oriental Paninsula Resourses Group Inc or known is about to be investigated by the Philippine Stock Exchange. The investigation is done on request by Nickel mining firm Platinum Group Metal Corp Inc. PGMC requested that the PSE investigate and suspend the trading of its shares for persisting to conduct mining operations in Palawan despite [...]

US-based oil giant Chevron group said it is now conducting studies on untapped oil and gas prospects in the country.
Chevron Malampaya LLC president Kevin Lyon said the conduct of such studies is part of the company’s commitment to pursue oil and gas exploration opportunities in the Philippines.
“We have received the data from the Department of [...]

Nido Petroleum Philippines Ltd. plans to undertake an initial public offering (IPO) in the medium term to fund capital expenditures for future oil exploration in the Philippines, a top company official said.
David Whitby, managing director of Australia-based Nido Petroleum Ltd., told reporters on Friday that they are eyeing to eventually list their shares at the [...]

Berong Nickel Corp., a unit of publicly-listed Atlas Consolidated Mining and Development Corp. is investing P1.2 billion to produce nickel in its Quezon, Palawan site.
Operations would start next month with total capacity of 1.47 million metric tons per year.
The project is a joint venture among Atlas, UK-based Toledo Mining Corp. plc (TMC) and Investika Ltd. [...]

MBMI RESOURCES INC. is pleased to advise that, the Company’s Philippine subsidiary has been granted all requisite mining, and environmental permits to commence development and mining on the Alpha nickel property in Narra, Palawan, Philippines. The granting of these permits marks a milestone in an extensive process and enables the Company’s subsidiary to commence [...]

Trade and Industry Secretary Peter Favila on Wednesday hailed a plan of Sumitomo Metal Mining Co. Ltd. to put up a nickel-smelting project in Mindanao worth $1 billion, saying projects like it were “very welcome as long as they comply with our various laws.”
In an announcement dated March 29, Tokyo-based Sumitomo said it had teamed [...]

China’s Jinchuan Group Ltd. said Monday it has fielded mining experts to Brookes Point in Palawan to study MacroAsia Corp.’s nickel mine site.
The diligence resulted from an agreement forged in a meeting between Jinchuan chairman and CEO Li Yong-Jun and business tycoon Lucio Tan that focused on the possibility of mutual cooperation between Jinchuan Group [...]

Mining firm GeoGrace Resources Philippines Inc. is negotiating with Chinese giant Jinchuan Nonferrous Metals Corp. on a joint venture involving its nickel mining rights, a source in GeoGrace said.
The source said discussions began in earnest after talks with Philnico Industrial Corp. on a $1-billion deal to rehabilitate Philnico nickel mines on the southern island of [...]

ATLAS Consolidated Mining and Development Corp. said it had made its first shipment of nickel ore to China, sending 19,000 metric tons from its Berong mines in the western province of Palawan.
“This is a trial phase. This is the first shipment of laterite nickel ore that departed from the Berong anchorage,” Atlas president Alfredo Ramos [...]