- Philstar.com
- The Philippine Star
- Pilipino Star Ngayon
- The Freeman
- Pang-Masa
- Banat
- Interaksyon
- Coupons
SUPPORT PHILSTAR
About Us |
Contact Us |
Advertise |
Privacy Policy |
Member Agreement |
Copyright Notice
Copyright © 2024. Philstar Global Corp. All Rights Reserved
X
+ Follow INVESTEC BANK Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 336719 [Title] => Lafayette creditors threaten to take drastic action [Summary] => Creditor banks of Lafayette Philippines Inc. (LPI) are reportedly threatening to take "drastic action" if the mining firm is not able to operate its Rapu-Rapu mining project in Albay by next week.
According to government sources, Lafayette has not been able to service its outstanding debts to its creditors since the stoppage of its mining operations in October last year.
Lafayettes exposure include a $35 million debt financing facility, a A$140- million hedged market to market exposure and a A$60-million metal forward contract liability.
[DatePublished] => 2006-05-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 335726 [Title] => Permanent shutdown of Rapu-Rapu to result in loss of $259M for Lafayette Phils [Summary] => The closure of Lafayette Philippines Inc.s (LPI) Rapu-Rapu mining project in Albay would result in the loss of $259 million in investments and loss of employment for about 1,000 workers.
This was disclosed to Cecilia K. Songco, officer-in-charge of the Mining Division of the Board of Investments, by Manuel A. Agcaoili, president of Rapu-Rapu Processing, Inc., a subsidiary of Lafayette.
Songco had recently sought information regarding the possible reopening of the Rapu-Rapu Polymetallic project of Lafayette in Rapu-Rapu, Albay.
[DatePublished] => 2006-05-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 272010 [Title] => Australian mining company to expand RP operations [Summary] => Lafayette Mining Ltd., an Australian publicly-listed company is raising $4 million or about P216 million to expand the mining activities of its local unit, Lafayette Philippines Inc. (LPI).
Company officials said in a recent disclosure to the Australian Stock Exchange (ASE) that it has retained Haywood Securities to raise $4 million through a placement of 20 million shares at 20 cents per share with overseas institutional and professional investors.
[DatePublished] => 2005-03-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
INVESTEC BANK
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 336719 [Title] => Lafayette creditors threaten to take drastic action [Summary] => Creditor banks of Lafayette Philippines Inc. (LPI) are reportedly threatening to take "drastic action" if the mining firm is not able to operate its Rapu-Rapu mining project in Albay by next week.
According to government sources, Lafayette has not been able to service its outstanding debts to its creditors since the stoppage of its mining operations in October last year.
Lafayettes exposure include a $35 million debt financing facility, a A$140- million hedged market to market exposure and a A$60-million metal forward contract liability.
[DatePublished] => 2006-05-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 335726 [Title] => Permanent shutdown of Rapu-Rapu to result in loss of $259M for Lafayette Phils [Summary] => The closure of Lafayette Philippines Inc.s (LPI) Rapu-Rapu mining project in Albay would result in the loss of $259 million in investments and loss of employment for about 1,000 workers.
This was disclosed to Cecilia K. Songco, officer-in-charge of the Mining Division of the Board of Investments, by Manuel A. Agcaoili, president of Rapu-Rapu Processing, Inc., a subsidiary of Lafayette.
Songco had recently sought information regarding the possible reopening of the Rapu-Rapu Polymetallic project of Lafayette in Rapu-Rapu, Albay.
[DatePublished] => 2006-05-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 272010 [Title] => Australian mining company to expand RP operations [Summary] => Lafayette Mining Ltd., an Australian publicly-listed company is raising $4 million or about P216 million to expand the mining activities of its local unit, Lafayette Philippines Inc. (LPI).
Company officials said in a recent disclosure to the Australian Stock Exchange (ASE) that it has retained Haywood Securities to raise $4 million through a placement of 20 million shares at 20 cents per share with overseas institutional and professional investors.
[DatePublished] => 2005-03-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Marianne V. Go | May 15, 2006 - 12:00am
By Marianne V. Go | May 9, 2006 - 12:00am
By Rocel Felix | March 30, 2005 - 12:00am
Recommended
The Rain or Shine Elasto Painters are off to the next round of the PBA Governors’ Cup after pulling away late against the Magnolia Hotshots, 113-103, in Game 5 of their quarterfinal series Saturday evening at the Ynares Center in Antipolo.
9 hours ago
The National University Bulldogs weathered a late 3-point barrage and held on against the Ateneo Blue Eagles, 78-68, to get back on the win column of the UAAP Season 87 men’s basketball tournament Saturday evening at the Mall of Asia Arena.
10 hours ago
The University of Santo Tomas Growling Tigers withstood a furious charge by the Far Eastern University Tamaraws, 83-72, to snap a two-game losing streak in the UAAP Season 87 men’s basketball tournament Saturday at the Mall of Asia Arena.
13 hours ago
The National University Lady Bulldogs remained unblemished in the UAAP Season 87 women’s basketball tournament after clipping the Ateneo Blue Eagles’ wings, 66-58, Saturday at the Mall of Asia Arena.
16 hours ago
The University of Santo Tomas Growling Tigresses finished the first round of the UAAP Season 87 women’s basketball tournament on a high note after thwarting a rally by the Far Eastern University Lady Tamaraws to win 66-57 at the Mall of Asia Arena Saturday.
17 hours ago
Lotto Oct 5, 2024
EZ2/LVM - 10 10
SUERTRES - 2 8 3
6D Lotto - 9 2 9 8 5 8
6/42 - 20 39 22 7 9 1
P23,586,438.00
Grand Lotto - 10 28 3 53 41 20
P40,549,068.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66