THE Mines and Geosciences Bureau (MGB) said it will inventory the country’s water resources, specifically watersheds where miners are active.
Jul 022017
Jun 292017
THE legal division of the Mines and Geosciences Bureau (MGB) said a review of open pit mining ban issued by former Secretary Regina Paz L. Lopez has concluded that her order has no legal basis.
Apr 262017
THE Mines and Geosciences Bureau (MGB) said it is targeting to complete by the end of the year an audit of all miners’ compliance with their social development obligations, accelerating the process which typically examines one-third of the industry each year.
Mar 282017
THE Mines and Geosciences Bureau (MGB) said it is in the process of gathering information to identify more sites as mineral reservations, adding to the nine currently designated areas.
Feb 152017
MINES and Geosciences Bureau (MGB) Acting Director Wilfredo G. Moncano said stakeholders in his industry have been thrown into “confusion” over the Department of Environment and Natural Resources’ (DENR’s) recent actions.
Oct 112016
REGIONAL governments’ finances could turn unsustainable if the government suspends too many mines, an Environment official said.
Jul 282016
THE government has suspended a unit of listed miner Oriental Peninsula Resources Group, Inc., which operates two projects in Palawan.
Oct 212013
MANILA, Philippines – Lower commodity prices dragged down metal production value 7.89 percent in the first semester of the year, data from the Mines and Geosciences Bureau (MGB) showed. Aggregate metal production value during the first six months of the year fell to P45.91 billion from P49.84 billion in the same period last year. “Dictated by the less upbeat world metal prices, the precious metals gold and silver, and the base metals copper and nickel, all recorded negative movements during the review period,” the MGB said in a report. Nickel production remained the top contributor to the aggregate production value for the period. Nickel direct shipping ore and mixed sulfides accounted for 41 percent of the output value, equivalent to P18.99 billion combined. Gold comprised 34 percent of the production value, contributing P15.60 billion, while copper made up 22 percent of the production, contributing P9.97 billion. The remaining three percent of the production value equivalent to P1.34 billion comprised silver, zinc, chromite and iron production. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Average gold price during the first half fell 7.70 percent to $1,524.52 per troy ounce from $1, 651.69 per troy ounce in the same period last year. “Despite this, demand from India and Greater China (China, Hong Kong and Taiwan) remained strong,” said the MGB. The six-month averages for copper and nickel also fell 7.54 percent and 13.13 percent respectively. Copper prices slipped to $3.39 per pound from $3.66 per pound, while nickel prices fell to Read More …
Feb 062013
MANILA, Philippines – Philex Mining Corp. is prodding the Mines and Geosciences Bureau (MGB) to immediately allow it to temporarily resume operations to enable it to fill the void in the compromised tailings pond no 3 of its copper-gold mine in Padcal, Benguet before the onset of the rainy season. Philex earlier petitioned the MGB to be allowed to temporarily resume operations to produce fresh tailings to fill the void and increase the stability of the tailings pond. The process called beaching was recommended by the foreign consultants hired by Philex for the rehabilitation of the tailings pond. Because the tailings pond was designed to hold solids, 3.5 million tons of fresh tailings should be dumped into the ponds to push away the water from the dam. This will create what is called a beach. It will take about three to four months to produce the volume of silt needed for beaching. “We are requesting the MGB to lift the suspension to enable Philex to undergo rehabilitation before the rains come,” Philex president and chief operating officer Eulalio Austin Jr. said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Another option to fill the void in the tailings pond is to gather the spilled tailings from the contaminated waterways. However, this would be expensive and time consuming because the company would still have to install additional infrastructure such as roads and pumps in the mine site. Libby Ricafort, Philex vice president for operations and Padcal resident manager, said the Read More …