Toledo Mining provided an investor update in June 2010. It has a large nickel resource base in the Philippines and is focused on downstream processing to add value. The company's Berong Nickel Corporation has a 10Mt JORC resource and is conducting an exploration program to prove up additional resources for future mining and processing operations. Drilling results to date from the Parcel 4 area show zones of nickel mineralization above 1.3% nickel.
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Edgewater has acquired the advanced stage Corcoesto gold asset through the acquisition of Rio Narcea Gold Mines in the Autonomous region of Galacia, Spain. The project is well located with excellent access to roads, power and a nearby local skilled workforce.
During the 3 days of October 24-26, 2013, Rambler Metals and Mining conducted an investor road show to present the company to financial professionals and professional investors in Toronto and Montreal. Here is one of those presentations, made by CEO George Ogilvie during a lunch held in Montreal on Friday, October 26.
Edgewater Exploration is a Canadian-based small cap mining company focused on building a portfolio of undervalued mid stage gold assets worldwide.
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During the 3 days of October 24-26, 2013, Rambler Metals and Mining conducted an investor road show to present the company to financial professionals and professional investors in Toronto and Montreal. Here is one of those presentations, made by CEO George Ogilvie during a lunch held in Montreal on Friday, October 26.
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Similar to Toledo Mining Corporation Investor Presentation June 2010 (20)
The Tampakan Copper-Gold Project and Human Rights Violations in the South Cotabato, Philippines
Summary
The Tampakan Copper-Gold Project in the Philippines threatens the environment and the livelihoods of local populations. The Bla'an indigenous peoples that occupy these ancestral territories oppose the project and are victims of multiple violations of human rights. But Glencore-Xstrata is still insisting on pursiung the project.
26th session of the Human Rights Council 2014
Item 3 Promotion and protection of all human rights, civil, political, economic, social and cultural rights, including the right to development
Joint written statement of the Europe-Third World Centre (CETIM) and Franciscans International
UN symbol: A/HRC/26/NGO/94
Speech by Julian Payne, President, Canadian Chamber of Commerce of the Philip...No to mining in Palawan
Speech by Julian Payne, President, Canadian Chamber of Commerce of the Philippines
On “A Foreign Investor’s View on Mining in the Philippines”
At the Development Academy of the Philippines, Pasig City, on July 10, 2014
MINING
“SECTION 4. Grant of Mineral Agreements Pending New Legislation. No new mineral agreements shall be entered into until a legislation rationalizing existing revenue sharing
schemes and mechanisms shall have taken effect. The DENR may continue to grant and issue Exploration Permits under existing laws, rules and guidelines.” - Executive Order No. 79, July 6, 2012.
The report is based on a desk study and a three-week
field trip to the Philippines, where data was gathered
through qualitative interviews. Interview partners included
affected communities, company representatives, local and
national civil society organizations, as well as government
authorities. By evaluating this data we shed light on the
main human rights issues linked to the Tampakan Project.
The choice of our interview partners reflects our human
rights approach. While our interviewees have both positive
and negative attitudes towards the Tampakan Project, they
do not constitute a representative sample of the population
in the area. Instead, our goal is to make sure that we include those people who have serious concerns with regard to their human rights situation and to analyze their hopes and fears and complement this information with desk research and the views of other stakeholders and experts.
Prior to the start of stock exchange trading on 5 January 2012, Intex issued a stock exchange announcement stating that it had signed a MoU with MCC8 for the development of its nickel project in Mindoro. This agreement could grant MCC8 a “project management contract” (“PMC”) which would mean that MCC8 would take on most of the responsibility for the project finance and development of the field. As consideration for this, MCC8 and its strategic partners would have an option to purchase up to 90% of Mindoro Nickel, in a staged process, for a total of USD 296 million. Intex would retain 10% and would have an option to buy back a further 10% for up to USD 60 million following completion of the project1.
CLIMATE CHANGE CONGRESS
OF THE PHILIPPINES, INC.(CCCP)
POSITION PAPER ON THE PHILEX MINING DISASTER
pp.1-6
Room 1 Bonifacio Hall, UP SOLAIR, Diliman, Quezon City
Phone no. (632) 385-5638 / Email address: climatechangecongress.org
SUMMARY STATEMENT TO THE SENATE COMMITTEES ON THE ENVIRONMENT AND HEALTH, MARCH 19, 2013
By: Christian S. Monsod
Climate Change Congress of the Philippines
pp.1-5
PAB Resolution
IN THE MATTER OF
WATER POLLUTION CONTROL
AND ABATEMENT CASE
DENR-PAB Case No. CAR-00836-12
- versus-
PHILEX MINING CORPORATION,
Respondent.
FOR: Violation of R.A. 9275 and Its
Implementing Rules and Regulations
25 February 2013
With an estimated $1.4 trillion in reserves, Philippine mining potential ranks
fifth in the world, covering an estimated 9 million hectares, but less than
2% has mining permits. After long stagnation, the sector has been coming
back after a 2005 SC decision affirming RA 7942, considered a world-class
legal framework for sustainable development. Minerals development is a
government priority and has great potential for jobs and revenue. Government
has identified over 60 priority PPP projects. Mining can support poor
rural areas through high quality jobs, local tax payments, and community
development. The national government receives substantial royalty and tax
payments. Government revenue from mining increased 800% from 2002 to
PhP10.4 billion in 2007. However, full development of the sector continues
to face significant challenges. Lengthy, tedious approvals for Exploration
Permits (EPs) continue to impede investment. Several LGUs have closed their
provinces to mining. Industry is concerned that the Writ of Kalikasan might
disturb lawful activities. An investor cannot tell easily if land is ancestral land.
Skilled Mines and Geosciences Bureau (MGB) personnel often leave public
service. EO 79 has imposed a moratorium on new mining permits, pending the
passage of a new law on the revenue-sharing scheme between industry
The Fraser Institute Annual Survey of Mining
Companies was sent to approximately 4,100
exploration, development, and other mining-related
companies around the world. Several mining
publications and associations also helped publicize the
survey... The survey, conducted from October 9, 2012,
to January 6, 2013, represents responses from 742 of those
companies. The companies participating in the survey
reported exploration spending of US$6.2 billion
in 2012 and US$5.4 billion in 2011
Application For The Environmental Compliance Certificate (ECC) Of The Tampakan Project
O.P. Case No.12-F-159
DENR Case No. 1966
Paquito N. Ochoa, Jr
Executive Secretary
Philippines
UPDATE ON THE NICKELIFEROUS LATERITE MINERAL RESOURCES
OF MARCVENTURES MINING AND DEVELOPMENT CORPORATION’S
MPSA 016-93-XIII
LOCATED IN THE MUNICIPALITIES OF CANTILAN AND CARRASCAL,
SURIGAO DEL SUR, PHILIPPINES
Pollution Adjudication Board fines Philex Mining over Clean Water Act ViolationsNo to mining in Palawan
Pollution Adjudication Board fines Philex Mining over Clean Water Act Violations
On Thursday, January 24, Philex disclosed to the exchange that it received a notice of issuance from the Pollution Adjudication Board (PAB)to cease-and-desist from using its tailings pond at its Padcal mine in Benguet following a mine spill in August 2012.
2. Disclaimer
The information contained in this presentation (“Presentation”) is confidential to Toledo Mining Corporation PLC (“Toledo” or “the Company”). It
is not intended for and should not be distributed to any other person other then as permitted herein. By viewing this Presentation, the
Recipient agrees that he/she will not transmit, reproduce or make available the Presentation (or any information contained herein) to anyone
other than to his/her professional advisers without the prior consent of Toledo. Any such disclosure to the advisers of the Recipient must be
on a confidential basis, for the purpose only of assessing the information contained herein as adviser to the Recipient.
This Presentation has been prepared as a summary only and does not contain all information about the Company’s assets and liabilities,
financial position and performance, profits and losses, prospects and rights and liabilities. The information contained in this Presentation or
subsequently provided to the Recipient of this Presentation whether orally or in writing by or on behalf of Toledo and its directors, officers,
employees, advisers, agents or consultants (“Information”) is provided to the Recipients on the terms and conditions set out in this notice.
The purpose of this Presentation is to provide Recipients with Information relating to Toledo. The Presentation has been prepared by Toledo
and each Recipient must make his/her own independent assessment and investigation of Toledo and its business and assets and should not
rely on any statement or the adequacy and accuracy of any Information contained in this Presentation.
Toledo makes no representation or warranty (express or implied) as to the accuracy, reliability or completeness of the Information. Toledo and
its directors, employees, agents or consultants shall have no liability (including liability to any person by reason of negligence or negligent
misstatement) for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or any
omissions from the Presentation, except liability under statute that cannot be excluded.
The Presentation contains reference to certain intentions, expectations and plans of Toledo. These intentions, expectations and plans may or
may not be achieved. They are based on certain assumptions which may or may not be met or on which views may differ. The performance
and operations of Toledo may be influenced by a number of factors, many of which are outside the control of Toledo. No representation or
warranty, express or implied, is made by Toledo any of its directors, officers, employees, advisers, agents or consultants that any intentions,
expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. This Presentation does not
constitute in any way an offer or invitation to subscribe for securities in Toledo.
The technical information contained in this presentation has been reviewed and approved by Mr Tim Ashworth. Mr Ashworth has sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking
to qualify as a Qualified Person under the AIM Note for Mining, Oil and Gas Companies. Mr Ashworth holds the position of General Manager,
Philippines, Toledo Mining Corporation. Mr Ashworth consents to the inclusion of his name in this presentation in the form and context in
which it appears.
2
3. Fundamentals
Ticker TMC.L
M/Cap £10m
Share Price 24p
ISC 41.54m
Options 0.79m
Fully Diluted 42.35m
Cash £3.55M
Board
Chairman Reg Eccles
Non Executive Directors Felix Pole
Simon Purkiss Major Shareholders
Constantine Thanassoulas Daintree Resources Limited 24.01%
Jason Cheng Fevamotinico SARL 9.77%
TMM Management Inc, Manila, Philippines European Nickel PLC 7.68%
Ken Stein Chief Operating Officer Exploration Capital Partners 4.81%
Rufo Cabanlig General Manager – Projects
Manager: Resources & Technical Services Union Bancaire Privee 4.09%
Ramon Flores
Dr Keith Halford Environmental Consulting Manager Alfred Ramos 3.13%
Marissa Nicdao Chief Accountant
Baker Steel 2.95%
3
4. Overview
Toledo Mining is focused on nickel
laterites in the Philippines
Large, nickel resource base in 4 * TMC interest 56.1%
deposits on Palawan Island *
*
*
Focused on ‘value add’
downstream processing
(TMC interest 52%)
Supportive major shareholders
Sumitomo’s Coral Bay
4
5. Strategy
Maintain Toledo’s substantial asset base and good standing with
local partners and government
Negotiate binding agreements with third party investors and
consumers for value added processing
Be ready to resume economic direct ore shipping (DOS) operations
to satisfy demand
Ongoing drive to reduce operating and overhead expenses
5
5
6. The Philippines
Proximity to Asian markets
2004 marked clarity and legal certainty with the Mining Act
2004 Minerals Action Plan
2005 formation of the Minerals Development Council
Foreign direct ownership of projects currently restricted to 40% of mining
operations and investments of less than US$50 million, but no limit on
economic ownership
Palawan Island is stable & has history of mining and beneficiation, e.g.
Sumitomo’s Coral Bay nickel laterite HPAL plant
Successful election of new President Noynoy Aquino, who is pro-mining
6
6
7. Berong Nickel Corporation (BNC)
Current JORC resource of 10Mt @1.55% Ni (155,000t contained Ni)
sufficient to supply DOS operation for 15 years
Exploration programme underway to prove up additional 30Mt – 40Mt
resource required to support 20,000tpa nickel processing operation
DOS: suspended in 2009 due to market conditions, actively seeking long
term contracts
Mining can recommence at short notice
Ongoing discussions with potential strategic partners
Metallurgical test work has confirmed Berong ore highly amenable to
leaching process
7
7
8. Berong Exploration Programme
• Exploration programme targeting increase in JORC resource to 40Mt
• Programme commenced late 2009, anticipated completion Q4 2010
• 20,000m drill programme with 6 rigs on site & mobilised
• Resource Upgrade due Q1 2011
• Drilling commenced in Parcel 4, the largest of 6 parcels granted under
the Exploration Permit
• Infill drilling in existing pit area: 54 holes drilled, possibility to drill more
holes once interpretation of 54 holes completed – this is expected to
increase the current reserve tonnage
Long Point drilling to commence once Local Government (LG) approval is
received, which is anticipated Q3 2010
Dangla drilling to commence once LG approval is received, which is
anticipated Q4 2010
8
10. Results to Date From Parcel 4
>2.2
<= 2.2
<= 1.9
<= 1.6
<=1.3
< =1.0
Assay results received to date
10
11. In Pit Drilling
In pit drilling was performed in preparation for production recommencement
54 holes drilled
11
12. EXAMPLE CROSS SECTION OF IN-PIT DRILLING
Some new drilling has
confirmed profile depth
Some has shown
significant increase in
profile depth
8m @ 2.37% Old exploration holes
Ni finishing in good
grade
12
13. EXAMPLE CROSS SECTION OF IN-PIT DRILLING
New Drilling – 17m thick
Old interpretation 7m thick
New Drilling
Old exploration holes
13
14. EXAMPLE CROSS SECTION OF IN-PIT DRILLING
And also show a lot
deeper profile in the thin
areas
18m @ 2.14%Ni
24m @ 1.90%
Ni
New Drilling has confirmed
the profile in the thicker
areas
14
15. Ipilan Nickel Corp (INC)
Current JORC resource: 30.6Mt @ av. grade 1.36%
Ni at a 1% grade cut-off (416,000t contained nickel)
Sufficient to support long life mining and processing
operation
Potential to increase the size of the resource
Recently obtained crucial municipality endorsement
for a mining operation
This, along with endorsement of the four local
councils (barangay) demonstrates community
support for the project
Final step in permitting is the endorsement of the
Palawan Provincial government and the Palawan Sumitomo’s Coral Bay
Council for Sustainable Development
DOS operation could commence in 2011 if warranted
by market conditions
15
16. The DOS Market
Chinese imports of nickel ore recovered in early 2010 BUT import demand now for 2 product groups:
Iron substitute: high iron(>40%) / low nickel (<1%)
Ferrous nickel production: high nickel (>2+%)
Prices for traditional product (+/-1.5% Ni, 30% Fe) remain weak
BUT evidence Japanese demand beginning to exert upward price pressure
1616
17. Moving Forward
Complete exploration programme at Berong
Complete permitting process at Ipilan
Actively pursue DOS contracts - currently in negotiations with 2 major
nickel producers for long term nickel ore supply
Reinvigorate discussions with strategic partners regarding value adding
European Nickel, now merger with Rusina completed
JXTC, now involved with financially strong partner Chinalco
17