Canadian Mining Companies Invest in Philippines

Small-scale gold mining in the Philippines

TVI Pacific Inc. and Mindoro Resources Ltd. announced the signing of an agreement on TVI’s strategic private placement in Mindoro as well as the possibility of a joint venture over the Agata nickel project in Surigao del Norte and Pan de Azucar project in Iloilo. Both Canadian mining groups are focused on gold, copper and nickel production and exploration in the Philippines.

TVI said under the agreement, it would infuse C$3.15 million in Mindoro Resources Ltd. and would have the exclusive right or option to enter into joint venture arrangements with Mindoro with respect to Agata and Pan de Azucar projects. TVI said under the agreement, it would advance a bridge loan of C$968,969 pursuant to a limited security promissory note.

Read more at Manila Standard Today

Photo by getolympus at Flickr.com

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American Electronics Company to Invest $300m in Philippines

Philippine Stock Market Board.

An unnamed American company that produces computer parts and accessories may invest $300 million in the country by transfering its current facilities from Japan to the Philippines, Ma. Elisa P. Osorio of the Philippine Star reported last Monday. It looked into leasing facilities at the Clark Freeport Zone in Angeles City or TIPCO Industrial Estates in Mabalacat, both located in the province of Pampanga.

The Chicago-based company already has three sites outside the United States: Japan, China and Singapore. The Philippine site will be producing products for its clients in the ASEAN region and the United States. Philippine Trade Undersecretary Cristino Panlilio refused to name the company but said “it is the second largest in the world in its line of business.”

Read more at The Philippine Star

Photo by thewalkingirony at Flickr.com

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Video: How to Invest in Stocks in the Philippines

Roger Groh is the founder of Groh Asset Management and speaks about investing in stocks in the Philippines.