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+ Follow LAFAYETTE PHILIPPINES INC Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 383505 [Title] => Lafayette ready to resume operations [Summary] => Asserting that it has complied with all of the governments 36 conditions, Australian-owned Lafayette Philippines Inc. said yesterday it is now ready to resume operations of its P1.4-billion Rapu-Rapu polymetallic project in Albay.
In a statement over the weekend, Lafayette said it has "fully complied" with all the conditions set by the Pollution Adjudication Board (PAB) of the Department of Environment and Natural Resources and the Mine Rehabilitation Fund Committee.
[DatePublished] => 2007-02-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097177 [AuthorName] => Katherine Adraneda [SectionName] => Nation [SectionUrl] => nation [URL] => ) [1] => Array ( [ArticleID] => 383342 [Title] => DENR chief to inspect Rapu-Rapu mine [Summary] => Environment and Natural Resources Secretary Angelo Reyes will conduct an ocular inspection of the Rapu-Rapu Polymetallic Mine on Rapu-Rapu Island in Albay early next week to validate the companys compliance with the environmental conditions and other safeguards set by the Department of Environment and Natural Resources (DENR) before the mining firm is allowed to operate on a commercial scale.
"I would like to personally see what the company has done, particularly its compliance with the environmental conditions after a test-run," Reyes said in a statement. [DatePublished] => 2007-02-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Nation [SectionUrl] => nation [URL] => ) [2] => Array ( [ArticleID] => 360992 [Title] => 11 regions hit by Milenyoto undergo ecological assessment [Summary] => Environment Secretary Angelo Reyes has ordered a geological assessment in 11 regions affected by typhoon "Milenyo" last week.
In a memorandum dated Sept. 29, Reyes directed the executive directors of the Department of Environment and Natural Resources (DENR) in Regions I, II III, IV-A, IV-B, V, VI, VII, VIII, the Cordillera Autonomous Region (CAR), and National Capital Region (NCR) to conduct a geological assessment in their areas of jurisdiction.
[DatePublished] => 2006-10-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [3] => Array ( [ArticleID] => 360023 [Title] => Lafayette still optimizing operations on 3rd week of test run [Summary] => Australian-owned mining firm Lafayette Philippines Inc. is still optimizing its operations on the third week of its 60-day extended test run, the Mines and Geosciences Bureau (MGB) said yesterday.
In a report to Department of Environment and Natural Resources (DENR) Secretary Angelo Reyes, MGB chief metallurgist Juancho Pablo Calvez revealed that Lafayette has already started running at 90 percent rated production capacity.
[DatePublished] => 2006-09-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097177 [AuthorName] => Katherine Adraneda [SectionName] => Nation [SectionUrl] => nation [URL] => ) [4] => Array ( [ArticleID] => 340201 [Title] => Lafayette Phils refutes charges of Rapu-Rapu fact-finding body [Summary] => Lafayette Philippines Inc. is refuting allegations by the Rapu-Rapu Fact-Finding Commission that the mining company deliberately under-reported its output and did not pay the proper taxes.
"The commission blundered in a very basic area of comparing six-month production figures with those for nine months. The error stemmed from the commissions lack of understanding of the mining and milling process," Lafayette said in a press statement.
[DatePublished] => 2006-06-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 336881 [Title] => Lafayette Phils braces for foreclosure [Summary] => Lafayette Philippines Inc. (LPI) has confirmed reports that its creditor banks are considering a foreclosure of the mining companys property in Rapu-Rapu, Albay if it fails to re-start its interrupted polymetallic mining project.
[DatePublished] => 2006-05-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => 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] => ) [7] => 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] => ) [8] => Array ( [ArticleID] => 331865 [Title] => Lafayette seeks lifting of TRO to allow tests on its anti-pollution measures [Summary] => Lafayette Philippines Inc. has again asked the Pollution Adjudication Board (PAB) of the Department of Environment and Natural Resources (DENR) to lift its temporary restraining order on the mining company and allow it to test newly-installed anti-pollution remedial measures.
Lafayette chief executive officer Carlos G. Dominguez said the company is urging the PAB and the Mines Rehabilitation and Contingency Fund to verify its full compliance with the remedial measures along with all environmental and safety laws.
[DatePublished] => 2006-04-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 330816 [Title] => Mining investments seen despite renewed opposition [Summary] => Despite the resurgence of camps opposing mining activities in the Philippines, investors confidence remains high and foreign mining companies are expected to continue pursuing mining projects in the country.
"Mining is location specific, investors will always want to go where the gold is," said Carlos G. Dominguez, chairman, president and chief executive officer of Lafayette Philippines Inc. (LPI).
[DatePublished] => 2006-04-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
LAFAYETTE PHILIPPINES INC
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 383505 [Title] => Lafayette ready to resume operations [Summary] => Asserting that it has complied with all of the governments 36 conditions, Australian-owned Lafayette Philippines Inc. said yesterday it is now ready to resume operations of its P1.4-billion Rapu-Rapu polymetallic project in Albay.
In a statement over the weekend, Lafayette said it has "fully complied" with all the conditions set by the Pollution Adjudication Board (PAB) of the Department of Environment and Natural Resources and the Mine Rehabilitation Fund Committee.
[DatePublished] => 2007-02-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097177 [AuthorName] => Katherine Adraneda [SectionName] => Nation [SectionUrl] => nation [URL] => ) [1] => Array ( [ArticleID] => 383342 [Title] => DENR chief to inspect Rapu-Rapu mine [Summary] => Environment and Natural Resources Secretary Angelo Reyes will conduct an ocular inspection of the Rapu-Rapu Polymetallic Mine on Rapu-Rapu Island in Albay early next week to validate the companys compliance with the environmental conditions and other safeguards set by the Department of Environment and Natural Resources (DENR) before the mining firm is allowed to operate on a commercial scale.
"I would like to personally see what the company has done, particularly its compliance with the environmental conditions after a test-run," Reyes said in a statement. [DatePublished] => 2007-02-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Nation [SectionUrl] => nation [URL] => ) [2] => Array ( [ArticleID] => 360992 [Title] => 11 regions hit by Milenyoto undergo ecological assessment [Summary] => Environment Secretary Angelo Reyes has ordered a geological assessment in 11 regions affected by typhoon "Milenyo" last week.
In a memorandum dated Sept. 29, Reyes directed the executive directors of the Department of Environment and Natural Resources (DENR) in Regions I, II III, IV-A, IV-B, V, VI, VII, VIII, the Cordillera Autonomous Region (CAR), and National Capital Region (NCR) to conduct a geological assessment in their areas of jurisdiction.
[DatePublished] => 2006-10-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [3] => Array ( [ArticleID] => 360023 [Title] => Lafayette still optimizing operations on 3rd week of test run [Summary] => Australian-owned mining firm Lafayette Philippines Inc. is still optimizing its operations on the third week of its 60-day extended test run, the Mines and Geosciences Bureau (MGB) said yesterday.
In a report to Department of Environment and Natural Resources (DENR) Secretary Angelo Reyes, MGB chief metallurgist Juancho Pablo Calvez revealed that Lafayette has already started running at 90 percent rated production capacity.
[DatePublished] => 2006-09-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097177 [AuthorName] => Katherine Adraneda [SectionName] => Nation [SectionUrl] => nation [URL] => ) [4] => Array ( [ArticleID] => 340201 [Title] => Lafayette Phils refutes charges of Rapu-Rapu fact-finding body [Summary] => Lafayette Philippines Inc. is refuting allegations by the Rapu-Rapu Fact-Finding Commission that the mining company deliberately under-reported its output and did not pay the proper taxes.
"The commission blundered in a very basic area of comparing six-month production figures with those for nine months. The error stemmed from the commissions lack of understanding of the mining and milling process," Lafayette said in a press statement.
[DatePublished] => 2006-06-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 336881 [Title] => Lafayette Phils braces for foreclosure [Summary] => Lafayette Philippines Inc. (LPI) has confirmed reports that its creditor banks are considering a foreclosure of the mining companys property in Rapu-Rapu, Albay if it fails to re-start its interrupted polymetallic mining project.
[DatePublished] => 2006-05-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => 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] => ) [7] => 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] => ) [8] => Array ( [ArticleID] => 331865 [Title] => Lafayette seeks lifting of TRO to allow tests on its anti-pollution measures [Summary] => Lafayette Philippines Inc. has again asked the Pollution Adjudication Board (PAB) of the Department of Environment and Natural Resources (DENR) to lift its temporary restraining order on the mining company and allow it to test newly-installed anti-pollution remedial measures.
Lafayette chief executive officer Carlos G. Dominguez said the company is urging the PAB and the Mines Rehabilitation and Contingency Fund to verify its full compliance with the remedial measures along with all environmental and safety laws.
[DatePublished] => 2006-04-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 330816 [Title] => Mining investments seen despite renewed opposition [Summary] => Despite the resurgence of camps opposing mining activities in the Philippines, investors confidence remains high and foreign mining companies are expected to continue pursuing mining projects in the country.
"Mining is location specific, investors will always want to go where the gold is," said Carlos G. Dominguez, chairman, president and chief executive officer of Lafayette Philippines Inc. (LPI).
[DatePublished] => 2006-04-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Katherine Adraneda | February 5, 2007 - 12:00am
February 4, 2007 - 12:00am
October 2, 2006 - 12:00am
By Katherine Adraneda | September 27, 2006 - 12:00am
By Rocel Felix | June 5, 2006 - 12:00am
By Rocel Felix | May 16, 2006 - 12:00am
By Marianne V. Go | May 15, 2006 - 12:00am
By Marianne V. Go | May 9, 2006 - 12:00am
By Rocel Felix | April 17, 2006 - 12:00am
By Rocel Felix | April 10, 2006 - 12:00am
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