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MGB News
Jasareno advocates women’s rights at MGB
Mines and Geosciences Bureau, March 23, 2015

Mines and Geosciences Bureau (MGB) Director Leo L. Jasareno is a staunch Gender and Development (GAD) advocate. During this Women’s Month celebration, he openly expressed support for having more female leaders in the agency. He said that it is high time to junk the conservative mind-set that leadership is a man’s turf.
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MGB participates in WB mission on ecosystem accounts
Mines and Geosciences Bureau, March 23, 2015

The Mines and Geosciences Bureau recently participated in the first Knowledge Exchange Workshop on Ecosystem Accounts under the Philippine Wealth Accounting and Valuation of Ecosystem Services (Phil-WAVES) Project.
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Southern Negros Occidental losing 9.5 hectares of land annually
Mines and Geosciences Bureau, March 23, 2015

Coastal geohazards assessment and shoreline mapping conducted by the Mines and Geosciences Bureau in several cities and municipalities in Negros Occidental reveals that the southern coast of the region had been losing approximately 9.5 hectares to coastal erosion annually in the past 58 years.
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News Articles
Landslides destroy 5 houses, displace dozens of families in Diwalwal
SFM/AC, April 01, 2015

TAGUM CITY, Philippines – At least five houses were destroyed and dozens of families were displaced following a string of landslides that hit several communities in the gold-rich village of Diwalwal in Monkayo, Compostela Valley on Tuesday, the police said.
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OceanaGold teams up with Grameen Australia for rags-to-riches project
March 30, 2015

MANILA, Philippines - OceanaGold Philippines, Inc. moved to diversify its social responsibility involvement by teaming up with Grameen Australia to establish a cooperative for the poor engaged in recycling clothing factory waste. The mining company donated an initial P250,000 to jump-start the cooperative project which will be sited initially in Lupang Arenda, Taytay, Rizal.
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The Destructive Impacts of Corporate Mining in the Philippines: The Tampacan Copper-Gold Mining Project in Mindanao
Belinda F. Espiritu, March 26, 2015

The Philippines has an estimated $840 billion worth of untapped mineral resources, according to the Mines and Geosciences Bureau of the Philippines which is responsible for giving permits to mining companies to do exploration of mining areas and to commence operation. Small-scale mining industries have contributed to national revenues.
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DOST launches ‘green’ gold mining technology in Benguet
Jessa Mardy Polonio, March 26, 2015

BENGUET, Philippines –The Department of Science and Technology (DOST) has launched a mineral processing technology that seeks to provide a better recovery rate for small-scale mining communities in Benguet without harming the environment.
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TVI Ends 2014 Year with $5.3 million in Cash and Short Term Investments
TVI Pacific Inc., Shirley Anthony, VP Corporate Communications, 778.999.2771, March 26, 2015

Cash Position from Financial Transactions TVI's cash position increased in 2014 as a result of various financial transactions with Prime Resource Holdings Inc. ("PRHI"), a Philippine investment corporation, which was negotiated in December 2013 (see news release on December 11, 2013). The PRHI transactions occurred in multiple closings from late 2013 to mid-2014 and provided TVI with gross proceeds of US$10.65 million for working capital and investment purposes (see full MD&A for more details). As part of the transactions, PRHI also invested $12.7 million to gain a 68.42% controlling interest in TVI's Philippine operating company, TVIRD. As a result, TVI deconsolidated the financial statements of TVIRD and various other Philippine subsidiaries from its financial statements and now retains an interest of approximately 30.66% in TVIRD, which is treated as an investment in joint venture using the equity method in TVI's financial statements. The additional funds invested by PRHI in TVIRD are being used to advance TVIRD's various resource projects to support its valuation for a listing on the PSE later this year.
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