Philex Gold Inc. reports that the Board of Directors of its parent company, Philex Mining Corporation, has approved yesterday the acquisition of a 50% interest over the Boyongan copper-gold porphyry property from Anglo American Exploration (Philippines) BV for $55 million. This acquisition will give the Philex group effectively full control over the property together with [...]

Mindoro Resources Ltd. report results for a further 23 drill holes from the Phase 2 drill program on the Agata North Nickel Laterite Project, Philippines. For the 18 drill holes that are within the area of mineralization, the limonite horizon averages 1.09 percent nickel, 0.12 percent cobalt and 44.55 percent iron over an average thickness [...]

Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, will sponsor the Compressed Natural Gas - Natural Gas Vehicle (CNG-NGV) Philippines Forum, to be held at the Diamond Hotel, Manila, on August 27-28, 2008. CEO Lev Zaidenberg is scheduled to chair a session on the “Commercial NGV Conversion of Three-Wheelers [...]

Mindoro Resources Ltd. is pleased to report results for a further 21 drill holes from the Phase 2 drill program on the Agata North Nickel Laterite Project, Philippines. The limonite horizon averages 1.09 percent nickel, 0.11 percent cobalt and 43.30 percent iron over an average thickness of 2.16 meters. The underlying saprolite horizon averages 1.29 [...]

Exxon Mobil says it will invest at least $100 million in offshore oil exploration near the Philippines.
Stephen Greenlee, vice president for Exxon Mobil Exploration Co., says Exxon is evaluating seismic data from the area and could start drilling next year, he said.
The Philippines government this week announced that a consortium of mostly Philippine companies [...]

Another British-owned mining firm, Semco Exploration and Mining Corp. has been granted two exploration permits by the Department of Environment and Natural Resources (DENR) to search for gold, copper and other minerals in Agusan del Norte.
Semco is 99.98-percent owned by Semco Minerals Plc, is investing a total of P6.325 million to conduct a two-year exploration [...]

A Makati Regional Trial Court (RTC) has issued a writ of preliminary injunction against foreign-owned mining firm BHP Billiton, barring the company from operating in the Pujada Nickel mining site in the City of Mati, Davao Oriental.
In an Omnibus Order dated May 20, 2008, Judge Winlove Dumayas of the Makati RTC Branch 59 ordered BHP [...]

Greenpeace activists dumped 200 kilos of coal at the entrance of the Department of Environment and Natural Resources (DENR) on Thursday and unfurled a banner with the message “Atienza, don’t be a climate criminal.”
The activists are demanding that Secretary Lito Atienza immediately reject all plans to construct a dangerous coal-fired power plant in Iloilo City.
Instead [...]

Soaring oil and food prices lifted inflation to record levels in Europe on Wednesday and posed a serious threat to governments worldwide amid expert warnings of social upheaval.
Record inflation has spared neither rich nor poor countries as food and energy prices have surged worldwide with booming demand in fast-growing Asian countries such as China and [...]

Ispat Industries’ promoter Pramod Mittal-owned Global Steel Holdings Limited has signed up mining leases for iron ore and coal reserves in Brazil, Colombia and Mozambique.
A GSHL spokesman confirmed the development, saying it has signed multiple iron ore leases with Brazil and for thermal and coking coal exploratory blocks with Colombia and Mozambique.
While the spokesman [...]