Toledo Mining plc

Palawan Biosphere Reserve Shouldn't Be Open For Business

Kailash — Tue, 10 Aug 2010 20:46:28 +0100

Nearly two months ago, 600 farmers and Indigenous people came together in Puerto Princesa on Palawan Island to urge the Provincial government not to endorse the proposed mining plans of MacroAsia and Ipilan Nickel Corporation (INC).

Thankfully, the government ended up agreeing with the protesters, at least in part, stating that there should be a full investigation before they can decide whether or not they should endorse the mining plans.

PCSD Endorsement to MacroAsia Multi-Billion Giant Deferred: An Initial Victory for NGOs and Indigenous Peoples

Kailash — Mon, 09 Aug 2010 08:53:36 +0100

On July 30, over 20 members of the Palawan Council for Sustainable Development (PCSD) – a local government body in charge of the protection and sustainable management of the Province meet to decide whether to issue a SEP (Strategic Environmental Plan) clearance to the mining operations of MacroAsia Corporation (MAC for brevity) with reference to a 91ha area, out of the approved Mineral Production Sharing Agreement area of over 1300 hectares.

Groups demand transparency in Palawan mine community dealings

Kailash — Thu, 08 Apr 2010 09:25:02 +0100

MANILA, Philippines — Alyansa Tigil Mina (ATM), an advocacy group on environmental and human rights issues and people’s movement composed of more than eighty (80) organizations from mining-affected communities and civil society organizations nationwide, demands transparency in community dealings of MacroAsia Nickel Corporation in Brooke’s Point, Palawan.

It was reported by mining affected communities in Brooke’s Point that MacroAsia conducted a closed door focus group discussion (FGD) exclusive to its pro-mining allies held at the Palawan State University (PSU) on Saturday, March 20.

Groups slam 'joint forces' of DENR and 2 mining firms in Palawan

Kailash — Sun, 21 Mar 2010 11:50:37 +0000

MANILA, Philippines — Alyansa Tigil Mina (ATM), an advocacy group on environmental and human rights issues and people’s movement composed of more than eighty (80) organizations from mining-affected communities and civil society organizations nationwide, slam the joint public scoping consultation of MacroAsia Corporation and Ipilan Nickel Corporation (INC) facilitated by the Department of Environment and Natural Resources (DENR) held at Barangay Mambalot, Brooke’s point, Palawan on Saturday, March 13.

Toledo Mining hit by off-take cancellation from Berong mine

Kailash — Tue, 24 Nov 2009 13:46:40 +0000

Toledo Mining, the AIM listed nickel mining company working in the Philippines, has been hit by news that one of the buyers of nickel laterite ore from its Berong mine has terminated its contract.

Toledo’s 56.1%-owned Berong Nickel Corporation (BNC) has received notice from Queensland Nickel Pty Ltd to cancel a contract under which Queensland is required to buy a minimum of 300,000 wet metric tons of nickel laterite ore per year from BNC until mid-2012.

BNC is apparently disputing the notice of termination and has instructed its legal advisors to consider all available remedies.

Toledo Mining to contest BHPB demurrage claim on Berong Nickel

Kailash — Tue, 22 Sep 2009 19:44:25 +0100

Toledo Mining said that diversified miner BHP Billiton had lodged a claim for demurrage, after bad weather delayed a shipment of ore from the Berong mine in the Philippines to the Yabulu refinery in Australia.

However, Toledo said that the demurrage amount was being contested by Berong Nickel Corporation, which had declared a force majeure during the ship loading. Toledo said that even taking into account BHP’s claim, the ore shipment was still cash positive to Berong.

Toledo Mining slashes nickel output, cuts jobs

Kailash — Mon, 16 Feb 2009 20:30:31 +0000

LONDON – Toledo Mining responded to falling nickel prices by slashing production of the metal at its Berong mine in the Philippines.

In the quarter to December 31, only 16,279 tonnes of ore was mined, compared with 345,005 tonnes over the third quarter.

Toledo said production had temporarily ceased at Berong, with the loss of more than 600 jobs.

“Production was reduced in response to the increasing stock levels, deteriorating markets and onset of the non-shipping window,” Toledo said, adding that rough sea conditions make shipping ore difficult between October and February.

Appeal from academics over the implications of mining activities in Palawan

Kailash — Sun, 16 Nov 2008 20:15:19 +0000

Her Excellency President Gloria Macapagal Arroyo President, Republic of the Philippines

Honorable Joselito Atienza Secretary, Department of Environment and Natural Resources (DENR)

Honorable Joel T.