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5 mining projects on stream in Q1

By atm.admin - Posted on January 5th, 2010


 5 mining projects on stream in Q1


Written by Jennifer A. Ng / Reporter   
MONDAY, 04 JANUARY 2010 21:32


Source: http://www.businessmirror.com.ph/home/top-news/20519-5-mining-projects-on-stream-in-q1.html

 

AT least five mining projects will come on stream in the first quarter of 2010 with a combined investments of $185 million, a senior official of the Mines and Geosciences Bureau (MGB) said on Monday.

“These are not ‘big-ticket’ projects but they are significant, as they will contribute to the projected increase in minerals production for [2010],” the official told reporters in an interview on Monday.

One cement production project owned by San Miguel Corp.’s Ramon Ang and four direct ore-shipping projects will operate within January to March this year.

Eagle Cement Corp., which will put up a facility in Akle in San Idelfonso, Bulacan, could spend as much as $160 million for the project. The project is targeting to service areas north of Manila. A company official earlier revealed that Eagle Cement is eyeing the provinces of Nueva Ecija and Nueva Vizcaya.

The cement plant is expected to produce 1.5 million metric tons (MMT) of cement, or about 35.2 million bags yearly. The plant’s daily output is expected to reach 4,000 MT, or around 100,000 bags of cement.

Four mining firms, meanwhile, are eyeing to go into direct shipping of nickel ore. These are Century Peak Nickel Corp., Oriental Synergy, Marc Ventures Mining and Development Corp., and the mining cooperative based in Surigao del Norte, the Minahang Bayan ng Mamamayan sa Dinagat Island.

Century Peak Nickel Corp. will spend as much as $10 million. The company has the capacity to ship out 1 MMT of nickel annually. Oriental Synergy’s Surigao Nickel project, which has a capacity to ship out 1.8 MMT of nickel annually, will spend about $6 million.

Marc Ventures Mining and Development Corp. has an annual output of 1.2 MMT of nickel and is investing $4.5 million for its venture. Minahang Bayan ng Mamamayan sa Dinagat Island has already spent $4 million in its bid to ship out 1 MMT of nickel annually.

Recently, MGB projected a 20-percent increase in the minerals production value in 2010. Mining officials said the agency has yet to finalize the year-end report but could safely project a 20-percent increase in the value of minerals production.

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COMMENT RULES:

Hi everyone,

I'm the national coordinator of Alyansa Tigil Mina (ATM), the owner of this site.

We will always respect views and opinions posted on this site, as much as we encourage open discussion and intelligent debate on the issue of mining. ATM has its stand on this issue very clearly, and we welcome the comments from those who do not agree with us.

However, we have observed that in the past few days, this forum has gone way beyond acceptable behavior of netiquette.

I will request and strongly encourage all posters to at least follow the following rules:

1. Be civil. Basic courtesy and privacy norms should be practised by posters in this forum. Make your mom at least proud by showing you still remember to be polite, even if you're not required to say "po" or "opo" in every post you make. We wouldn't mind that either, if you do so. Then again, I am assuming here that you're already an adult.

2. Personal attacks will not be tolerated. This also applies to flaming. Just in case you don't know what flaming is, its deliberately insulting or personally ranting against a poster (or a thread) simply because you are losing the arguments.

3. Avoid being anonymous. Since you have enough time to post long comments, you would at least have a few seconds to type even an alias. You also help people conclude that you are not a paid hack from a PR firm by Intex (or any other mining company)

4. Do not shout in the forums. Do not use ALL CAPS in your posts. A single exclamation point should also suffice.

We will observe the forum in the next few days. Should these rules be disregarded, we will transform this into a minimally-moderated forum. We hope we will avoid the situation that we will decide to make this a closely and strictly moderated forum. We value everyone's insights so much.

We'll check up again on this new rules after a short while. Of course, we expect the Intex ECC to be revoked in a few days. In this case, I suspect that the "excitement" in this thread would have died down.

Jaybee Garganera
National Coordinator
ATM
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