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TVI Pacific Inc V.TVI

Alternate Symbol(s):  TVIPF

TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines. The Company holds a 30.66% interest in TVI Resource Development Phils., Inc. (TVIRD). TVIRD's assets include the wholly owned Balabag gold-silver mine and Siana gold mine (Siana). It also has in its portfolio of projects its 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite and pyrite), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit. The Balabag Gold and Silver Mine, which spans a 4,779-hectare Mineral Production Sharing Agreement. The mine is situated within the municipalities of Bayog in Zamboanga del Sur and Diplahan and Kabasalan in Zamboanga Sibugay, Mindanao, Philippines.


TSXV:TVI - Post by User

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Comment by Acroporaon Jun 20, 2004 6:47pm
313 Views
Post# 7631497

RE: Arroyo

RE: Arroyo Arroyo wins new term as Philippine president Sunday 20 June 2004, 17:44 Makka Time, 14:44 GMT Arroyo's victory margin was about 1 million votes Filipinos pray for peaceful polls President Gloria Macapagal Arroyo has won another term in office, according to a congressional committee that finished the contentious vote count six weeks after the election. The opposition, which has claimed Arroyo's camp manipulated the 10 May vote and cheated action film star Fernando Poe Jr of some 2 million ballots, fought the proceedings all the way and did not appear to be ready to give up. Arroyo's victory margin was about 1 million votes. The military and police have been put on full alert for possible trouble. The end of the count on Sunday paved the way for Arroyo's proclamation as winner by the full Congress. But the opposition still can question the committee's report on the count later this week or file a protest, after the proclamation, to the Supreme Court election tribunal that likely would take years to resolve. 'People power' Poe's people also have talked about a "people power" revolt like those that ousted dictator Ferdinand Marcos in 1986 and President Joseph Estrada, Poe's close friend, in 2001. Arroyo took over midway through Estrada's six-year term and was seeking an electoral mandate to continue economic and other reforms in the poor Southeast Asian nation that is one of Washington's closest allies. The congressional committee worked through the weekend and finally finished counting the last of 176 provincial summaries of votes, called certificates of canvass, late on Sunday. Lawmakers and the audience broke into an applause, relieved that the acrimonious count was over. Some women approached legislators, handing them red roses. Opposition and the dominant pro-administration lawmakers shook hands. "The canvass is over. Arroyo has won," Senate President Franklin Drilon said. "It was very difficult but this is democracy," he said, describing the infighting over the vote count as "harrowing". The final tally had Arroyo with 12,905,808 votes and Poe with 11,782,232, a difference of 1,123,576 votes. Three other candidates were well behind. Arroyo's vice presidential running mate, popular news anchor Noli de Castro, also won, according to the House-Senate committee tasked with counting the races for the country's top two offices. Inauguration Arroyo's spokesman, Ignacio Bunye, said earlier the president was preparing to lead street parties in the central province of Cebu, a vote-rich region, and gearing up for a 30 June inauguration. In recent weeks, opposition lawmakers and lawyers have alleged that several vote certificates appeared to have been altered to rob Poe of up to 2 million votes. They doggedly demanded that voluminous vote records from small villages be opened to ensure against fraud. The dominant pro-Arroyo lawmakers consistently outvoted them, arguing that opening the vote records would delay the count and hamper Congress's ability to proclaim a winner before Arroyo's term expires on 30 June, which could spark political chaos.
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