By Zeevik Halber Editor’s note: Zeevik Halber is the CEO of AnyWay Solutions, a company with a longstanding presence in Papua New Guinea and after a few years of exploring is now looking to bring its climate resilient designs and solutions to the Philippines. Papua New Guinea (PNG) is a land of mystery and splendor. Its untouched wilderness, breatht...
Celsius Resources Limited (“CLA”, “Celsius” or the “Company”) is pleased to announce that its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI or the “Contractor”), has obtained a Mineral Production Sharing Agreement (“MPSA” or the “Agreement”) with the Philippine Government for its flagship Maalinao-Caigutan-Biyog Mining Project (“MCB” or the ...
Listed natural resources development firm Nickel Asia Corp. (NAC) (PSE: NIKL) recorded an attributable net income (net of minority interest) of P3.7 billion, down 53 percent from P7.9 billion year-on-year based on its audited financial and operating results for the twelve-month period ended December 31, 2023. This is on the back of lower nickel ore pri...
The province of Cebu will partner with private firms to continue oil and natural gas exploration in Alegria town, south of Cebu, Governor Gwendolyn Garcia said Thursday. Garcia’s decision came as Department of Energy (DOE) Undersecretary Alessandro Sales visited the provincial capitol on Thursday to inform the governor of the agency’s intention to cont...
Prime Energy Resources Development B.V. said the exploration of new wells on Service Contract (SC) 38 remains on track. On Friday, Prime Energy announced that it awarded a USD69.9-million (PHP3.88-billion) contract to Noble for the use of its deepwater drillship “Noble Viking" for the Malampaya Phase 4 Project. The Noble Viking drillship will be inv...
Last year’s Geological Conference or GEOCON 2023 of the Geological Society of the Philippines (GSP) (Dec. 5-6, 2023) highlighted 57 oral reports and 86 poster presentations throughout 10 sessions. The theme of the conference is “Our Natural Resources: Fueling the Energy Transition Journey”. There was a rich discussion among the presenters and the audience...
[Quezon City] Dec. 5-6, 2023 - During the GEOCON 2023 of The Geological Society of the Philippines (GSP), various scientific presentations discussed energy transition, innovative studies and technology applications on Earth Science, and more. The theme of the two-day conference is “Our Natural Resources: Fueling the Energy Transition Journey”. GSP Pres...
To celebrate the 69th Annual National Mine Safety and Environment Conference (ANMSEC), the Philippine Mine Safety and Environment Association (PMSEA) hosted the conference on Nov. 14-17, 2023 at CAP – John Hay Trade & Cultural Center Main Hall A & B, Baguio City. This annual event brings together mining professionals and practitioners, and othe...
On Dec. 4, 2023, Philippine Mining & Exploration Association Inc. (PMEA) celebrated its 25th year anniversary and Silver Christmas Party at Misto 2 and Straight UP Bar at Seda Residences Makati. This is a milestone event for a mining group that, for more than two decades, has been fostering camaraderie and professional development among its members. T...
As Chairperson of the Professional Regulatory Board of Geology, December of last year was quite a busy month. I was given the honor to present the keynote speech during the opening of the Geological Convention (GeoCon) 2023 last 05 December 2023 and the Oath Taking Ceremonies for New Geologists on 11 December 2023. In my speeches, I emphasized the importa...
With the recent pronouncements of the newly appointed Presidential Adviser on Investment and Economic Affairs, Frederick Go, that mining is at the top of the government’s list of five priority areas [the other four being semiconductors, agriculture, steel, and pharmaceutical industries], expectations are high that this administration will finally deliver ...
The technical personnel of the Mine Safety, Environment, and Social Development Division (MSESDD) of the Mines and Geosciences Bureau (MGB) organized the Social Development and Management Program (SDMP) Consultation Workshop on February 14-17, 2024 at Park Inn by Radisson North Avenue in Quezon City. The said workshop, under the guidance of DENR Unders...
The first phase of the Light Rail Transit Line 1 (LRT-1) Cavite Extension is now 97 percent complete and is on track to begin operations in the fourth quarter of this year. In a statement on Wednesday, president and CEO of the Light Rail Manila Corp. (LRMC), the private operator of the LRT-1, Juan Alfonso said the completion rate was reached in January...
The construction of the PHP4.58 billion Tacloban causeway project that will provide a shorter route from the city’s downtown to the airport has begun with bigger funding this year, the Department of Public Works and Highways (DPWH) 8 (Eastern Visayas) here reported Thursday. DPWH-8 Director Edgar Tabacon said the project has an accomplishment rate of 4...
The Department of Finance (DOF) said it is pushing for a simplified mining fiscal regime. In a statement on Wednesday, the DOF said the revised proposal for the Rationalization of the Mining Fiscal Regime proposes to impose a four-tier, margin-based royalty ranging from 1.5 percent to 5 percent on income from mining operations outside of mineral reserv...
Australian-based global financial services firm Macquarie Group Ltd. has expressed interest in investing in renewable energy, value-added mining, and digitalization efforts in the Philippines, Malacañang said Tuesday. The commitment was made during President Ferdinand R. Marcos Jr.’s meeting with Macquarie Group executives on the sidelines of his parti...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, announced the completion of its financial results for FY2023. The Company added Php98 million core net income in 4Q2023 to the Php865 million core net income for the first nine months ended September 30, 2023, which registered the full year core net in...
Silangan Mindanao Mining Co., Inc., a wholly owned subsidiary of Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, signed a Deed of Accession for additional US$70 million with Additional Lenders who syndicated the credit facility, in simple ceremonies in Makati City. Present during the signing of the ...
Integrated energy company Semirara Mining and Power Corporation (SMPC) posted P27.9 billion in consolidated net income in 2023, a 30-percent drop from P39.9 billion the previous year but still the second highest in its history. All-time high coal shipments and record electricity sales softened the impact of weaker selling prices for both coal and elect...
The Department of Energy (DOE) launched on Monday eight predetermined areas (PDAs) for exploration, development, and production of indigenous energy sources across the country. Four of these are in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), three of which are for petroleum and one for coal. DOE Undersecretary Alessandro Sales, duri...
The Manila Electric Company (Meralco) has expressed its support to the government’s 2032 nuclear power target by installing 1,200 megawatts capacity using small modular reactor technologies. Meralco executive vice president and chief operating officer Ronnie Aperocho said in an interview early this week that the company aims to usher this target of the...
Listed upstream oil and gas company PXP Energy Corp. remains interested in exploration activities for new sources of energy in the country. “PXP will assess and study other projects in the Philippines,” it disclosed to the Philippine Stocks Exchange on Thursday. It said the company and its subsidiary, Forum Energy Ltd., would continue to coordinate ...
Sustained construction on the next phase of the Pasig River Urban Development Project would interconnect the showcase area at the back of the Manila Central Post Office with the walled city of Intramuros. The 500-meter showcase area of the Pasig River rehabilitation project, dubbed the “Pasig Bigyan Buhay Muli” (PBBM), was completed on Jan. 17 with the...
The Public-Private Partnership (PPP) Center currently has 117 projects worth PHP2.5 trillion in the pipeline for undertaking between the government and private sector. "This is as of February 2. Particularly, we have a bulk of the projects still in the transportation sector because we are doing a lot of catching up," PPP Center Executive Director Cynth...
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