Posts Tagged ‘mining’
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
Here’s an interesting Op-ed article about the prospects of “mining” in the Philippines, written by Reynard Loki, a New York-based writer, artist and environmental activist who runs the blog 13.7 Billion Years (http://www.13point7billion.org). For starters, Reynard says “The Philippine mining industry is running rough-shod on indigenous people and the environment. For President Macapagal-Arroyo, it presents a great opportunity.”