The Alyansa Tigil Mina Blog

http://www.malaya.com.ph/jul12/busi1.htm

HONG KONG—The shuttered Nonoc mine in the Philippines with capacity to produce 41,000 tons of nickel annually could be revived by 2008 under a new debt accord arranged by China’s Jinchuan Group Ltd., the Philippine government and mine owner Philinico Industrial Corp.
Under a memorandum of understanding, the three parties agreed to a debt settlement which will allow China’s largest nickel producer to speed up plans to revive the complex, a company official said.

He said the memorandum had been approved by the Baosteel Group, Jinchuan’s partner on the Nonoc project and the China Development Bank, which would provide financing to the project. (more…)

By Mai Gevera, PIA Press Release - http://www.pia.gov.ph/news.asp?fi=p060711.htm&no=02
11 July 2006

Davao City — Two Chinese businessmen publicly announced their intentions of investing in the province of Compostela Valley after conducting series of negotiations and explorations on the economic potentials of the said province.

Coming along with President Gloria Macapagal Arroyo Saturday morning during the president’s visit in the town of Compostela, the Chinese bared that $1 billion is about to be poured as investments for mining and telecommunication projects.
“
We are conducting exploration activities at this time to really check how potential the area is.” said the Chinese investor referring to a certain area in the municipality of Maco where the former North Davao Mining had operated. (more…)

MARKET WIRE -
http://www.marketwire.com/mw/release_html_b1?release_id=142319
July 10, 2006

RICHMOND, TX — Robert L. Cotton, President & CEO of Cotton & Western Mining, Inc. (PINKSHEETS: CWRN), a global iron ore mining company, announced today that the Company has reached an agreement with Astrolabe Mining, Inc. of the Republic of the Philippines to acquire its mineral rights to the Dayap Iron deposit at 10 million metric tons (MMT), the Lapa-ao Iron deposit at 36MMT, the Lasala Iron deposit at 18MMT, and the Nagsabongan Iron deposit at 12MMT. The total iron reserves now placed into Cotton & Western Mining’s Pacific Pearl Mineral Assets are 76MMT(1) of Magnetite Iron Minerals. All of these iron deposits are located in close proximity along the upper reaches of the Mamburao River on the northwestern side of Mindoro island in the central Philippines (see Mindoro Island Iron Deposits Map and Mindoro Island Location Map). The Free On Board value of the magnetite iron mineral assets, based on current offers of $45.00 per dry metric ton South China Sea, is $3,420,000,000.00, and the delivered value to China Main Ports, based at $68.00 per dry metric ton, is $5,168,000,000.00. (more…)