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 [...]
Zijin Mining Group Co. Ltd. has completed its initial feasibility study on a gold-copper mine in Benguet province owned by Far Southeast Gold Resources Inc. (FSGRI).
China’s second largest gold miner is in the process of negotiating a final agreement, it said in a disclosure filed with the Shanghai Stock Exchange.
Listed local miner Lepanto Consolidated Mining [...]
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 [...]
Most Asian markets rose Friday, with Japanese stocks climbing to their highest in nearly 10 months and markets in India, Singapore and Australia all rose to records. Malaysian shares finished at a new 10-year high.
Stocks rose in Tokyo amid optimism about growth prospects for the U.S. economy, a key export market. The benchmark Nikkei 225 [...]
Australia’s Tap Oil Ltd. has acquired an 85-percent stake in a consortium drilling for oil in the Sulu Sea in the southern Philippines, company statements said Tuesday.
Philodrill Corp. and South China Resources Inc., two members of the consortium, announced in separate statements released to the Philippine Stock Exchange, they had completed a “deed of assignment” [...]
After over a decade, 1,940 displaced workers of Atlas Consolidated Mining and Development Corp. (ACMDC) will receive their separation benefits from the company starting tomorrow.
A total of P101 million has been set aside as payment to the employees, who were part of a 12,000-strong workforce of what used to be Southeast Asia’s largest copper mine.
Rodrigo [...]
