Partial List of Philippine Mining Industries

According to the Philippines' Mines and Geosciences Bureau (MGB), Philippine is ranked as fifth globally in terms of mineralization.  Minerals like copper, gold, silver, nickel and aluminum were some of the abundant metals found here.

In this blog, I am sharing the different companies that mine gold in the country. Here they are:

Abra Mining & Industrial Corporation

Phil. Stock Exchange Index Name: AT

Products:  Commercial utilization of limestone, lime, shale, silica, sand,
                gold, silver, copper, zinc and magnetite iron sand.

Year Started: September 1964

Mining Site/s: Abra and Ilocos Sur

Status: Has not started normal and commercial extraction of
              mine products as of end 2010.

Dizon Copper-Silver Mines, Inc.

Phil. Stock Exchange Index Name: DIZ

Products: Gold, Silver, Copper

Year Started: August 1966

Mining Site:  San Marcelino, Zambales

Associated Companies: Benguet Corporation

Status:

Atlas Consolidated Mining & Development Corporation

Phil. Stock Exchange Index Name: AT

Products:  Produces copper concentrates and gold with silver, magnetite and pyrites.

Year Started: March 1935

Affiliates/Subsidiaries: Carmen Copper Corporation, Berong Nickel
             Corporation, TMM Management, Inc., Ulugan Nickel
             Corporation, Ulugan Resources Holdings, Inc.,

 Nickeline Resources Holdings, Inc., Atlas Exploration Inc.,
 and Amosite Holdings Inc.                                                                                                       Status: Under operation.

Philex Mining Corporation

Phil. Stock Exchange Index Name: PX

Products:  Gold, Silver, Copper

Year Started:  July 1955

Mining Site: Benguet

Subsidiary: Padcal Mine

Status: Under operation.

Nickel Asia Corporation

Phil. Stock Exchange Index Name: NIKL

Product:  Global supplier of lateritic nickel ore.

Year Started: July 2008

Mining Site:  Samar and Cordillera Province among others.

Subsidiaries:  Hinatuan Mining Corporation, Taganito Mining Corporation,
                     Cagdianao Mining Corporation, Rio Tuba Nickel Mining
                     Corporation, Falck Exp Inc., La Costa Shipping and

                     Lighterage Corporation, Samar Nickel Mining Resorces
                     Corporation, and Cordillera Exploration Co., Inc

Status: Under operation.

Lepanto Cosolidated Mining Company

Phil. Stock Exchange Index Name: LC

Products: Gold, copper, silver and diamond drilling.

Year Started: September 1936

Mining Sites: Manyakan, Benguet

Subsidiaries:  Victoria Mine Project, Shipside, Inc., Diamond Drilling
                     Corporation of the Philippines, Lepanto Investment and
                     Development Corporation, Diamant Boart Philippines,
                     Inc., and Far Southeast Gold Resources, Inc.

Status: Far Southeast is under feasibility study and Victoria
                     Project will re-operate starting October 2011.

Semirara Mining Corporation

Phil. Stock Exchange Index Name: SCC

Products: Production of sub-bituminous coal and coal handling services.

Year Started: February 1980

Mining Site: Caluya, Antique

Subsidiaries: SEM-Calaca Power Corporation

Status: Under operation.

United Paragon Mining Corporation

Phil. Stock Exchange Index Name:  UPM

Products: Gold, Silver  & Copper

Year Started:  April 1970

Mining Site: Paracale, Camarines Norte

Subsidiaries: Longos Mine

Status: Operations stopped December 1988

Gold: A Precious Metal That Could Turn Any Investor A Multimillionaire

Rumors are everywhere that gold prices will soar as high as US$2,000.00 per ounce in the coming months. Recently it reaches US$1,650.00/oz. Why this is so? As an investor, how can we take advantage of this speculative news?

If you are an active trader and updated regarding financial news that currently swept the Western countries especially issues on debt ceiling concerns, you will take notice that behind their financial turmoil a reversal and positive outlook is taking place in the commodity market. Gold, silver and oil are becoming more valuable to investors than any other commodity. There’s a fear that if problem in the US will continue next year, possibly a war will happen. I found out that while credit concerns are being negotiated in the US and other European countries, investors from these places are fleeing their investment overseas especially in Asia and Australia. Last month the Philippine peso becomes stronger and reaches at the level of 42 pesos per US dollar. This is because more investments are entering in our country. Huge corporations from other countries are now having big business deals on our mining industry. One of these is the Gold Fields Group of South Africa which is the fourth largest producer of gold in the world. Even our mining companies that are several years had ceased their operations have been eyed by foreign investors by providing investment capital on their way ahead to initiate and operate their mining activities.

Gold is now being sighted as the most valuable commodity on earth in this century better than paper money. Some financial experts agree that this will possibly become the real money in this century not the paper money anymore.

My observation with this issue, been noticing the daily influx of investment money entering in the Philippine Stocks Exchange especially in the industry of mining. Companies dealing with mining mineral resources in the Philippines are now being heavily traded by millions of pesos daily. This active trading scenario will last for six months according the valid sources.

By taking the ride of this bullish market activity in our local stock market, chances are you will get rich easily and become a millionaire few years from now. Imagine if you have 60,000.00 Philippine-peso invested today to a gold-mining company, it would possibly become 5 million pesos at the span of five years or less. Don’t take for granted this blog because many local and foreign investors are now positioning and allying their funds to the gold craze. Others even applied for a loan in their bank to invest in this once in a lifetime gold-market high. Imagine you could retire early and live the happy life of your dreams without lifting your finger especially if you had more funds to invest right now.

Procrastination is dangerous to your wealth. Act now before stock prices will reach to the ceiling.