The Alyansa Tigil Mina Blog

http://newsinfo.inq7.net/inquirerheadlines/regions/view_article.php?article_id=13370
Inquirer
08/04/2006

PLATINUM Gold Metals Corp. (PGMC) continues to comply with provisions in the mining permits issued by the provincial government of Palawan to operate in the town of Narra in a bid to help generate local jobs and government revenues.

Guillermo Estabillo Jr., chair of the Provincial Mining Regulatory Board, said in a letter to the Inquirer that the operations of PGMC had sustained the efforts of the government to generate hundreds of jobs, improve the lives of residents, and raise taxes for countryside development.
Estabillo sent the letter in reaction to an Inquirer report on July 26 that PGMC and other firms were operating without permits in Narra. (more…)

http://business.inq7.net/money/breakingnews/view_article.php?article_id=13305
Xinhua Financial News Service
08/03/2006

LEPANTO Consolidated Mining Co. said its net loss narrowed to 24.6 million pesos in the first half to June from 172.1 million a year ago, as gains from higher gold prices softened the impact of lower output from a year ago and an interest payment.

Despite remaining in the red over the first six months, Lepanto said it expected to achieve full year net profit of 104 million pesos, recovering from last year’s net loss of 410 million. (more…)

http://newsinfo.inq7.net/inquirerheadlines/regions/view_article.php?article_id=13393
By Carmela Reyes
Inquirer
08/04/2006

SAN MIGUEL, BULACAN—Ombudsman Merceditas Gutierrez has suspended Mayor Edmundo Jose Buencamino of this town for six months on charges of abuse of authority filed against him by the head of a mining company operating at the Biak-na-Bato mountain range.

Gutierrez ordered Buencamino’s suspension on April 24. A copy of the order was received by registered mail on Wednesday by Constantino Pascual, president and chair of the board of Rosemoor Mining and Development Corp. (RMDC). (more…)