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Gold BCR (GBCR): Blockchain Technologies with Junior Mining Companies

by Philippine Resources - December 14, 2020

Gold BCR (GBCR): Building an empire of enduring wealth based on innovative blockchain technologies with junior mining companies.

In this new era, modern science and innovation technologies are changing rapidly every day. Innovative new disruptive technologies ideas in mining are now meeting together with blockchain. These new disruptive technologies such as blockchain, Internet of Things (IoT), artificial intelligence, new online retail, big data, social media, sharing economy, financial technology, convenience applications have all begun to come in succession, bringing a trend of dynastic change. Driven by innovation these new economic development models have shaped the way we are living life today which has been dominated by the internet industry.

Every time a disruptive technology emerges, there will be markets that will shake as the change occurs and new economic models will supersede old economic models. As the saying goes "the fittest shall survive". No matter big, small and medium-sized enterprises, they must stay innovative and face the harsh test of economic changes and adapt, and only then "survive and thrive."

The great inventor, Thomas Edison once said: “science needs imagination, and innovation is the key to invention.” Planes and high-speed trains have realized the exaggerated imagination of our ancestors that “a thousand miles will be travelled to and fro in one day". The invention of video communication that seems like travel through time and space, so that people can be” as close as neighbours” even if they are thousands of miles apart. In this modern era, if we can combine centuries-old traditional industries with science and technology, and add innovative ideas, everything may become a reality.

Gold BCR - (GBCR) is the world's first blockchain mining project to be backed by real gold from mining companies in Australia and is looking for other miners who may be interested in collaborating in PNG and the Philippines. For More Information, go online to www.goldbcr.io



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Company

Philippine Resources - February 28, 2019

Hinatuan Mining Corporation (NAC-HMC) turns over Soft-shell Crab Project

Nickel Asia Corporation - Hinatuan Mining Corporation (NAC-HMC), represented by ComRel Manager Antonio B. Resuera Jr., has turned over soft-shell crab project to three (3) indigent families of its host community last November 27, 2018. The project location is at Looc, Sitio Bagong Silang, Barangay Talavera, Tagana-an, Surigao del Norte. Beneficiaries of the said project are Rosita G. Sandico, Cristine C. Baguinaon and Arnulfo C. Copag Sr. They were selected as beneficiaries of the project based on the Local Socio-Economic Profile conducted earlier as part of the commitment of NAC-HMC to contribute to a brighter future for its people and its communities. The beneficiaries are also not part of any People’s Organization (POs) in the host community. Rosita G. Sandico and Cristine C. Baguinaon reside in Looc, Sitio Bagong Silang while Arnulfo C. Copag Sr. lives at Brgy. Talavera.“Nagpasalamat kami sa amoa nadawat na proyekto gikan sa livelihood program sa NAC-HMC. Daku namo na kalipay ug kinasing-kasing namo nga pagadawaton kining proyekto nga soft-shell crab project”, (we are thankful for receiving this project from the livelihood program of NAC-HMC. We are very happy and are wholeheartedly accepting the soft-shell crab project awarded to us) said Rosita G. Sandico.She further added that, “daku kini na katabang alang kanamo, ilabi na sa among panginabuhian, ilabi na sa akoa na senior citizen na man. Nalipay kaau ko kay isa ako sa nakadawat ani na proyekto. Amo gajud kani ampingan ug palambuan aron aduna kami mapanginuhaan alang sa among panginabuhi. Sa maka usab, daghan salamat sa inyo tabang kanamo NAC-HMC” (This is a big help to us, especially on our livelihood, especially to me who is already a senior citizen. I am very happy to be selected as one of the project recipients. In return, we will try our best to take care and develop the project in order for it to be sustainable and become a steady source of income for our livelihood. Once again, I am very thankful for the help you have given us NAC-HMC).Representative of Host and Neighboring Communities (RHNC) Chairwoman and Brgy. Talavera Councilor Eulita C. Borja who was also present during the turn-over ceremony reminded the project recipients to not take for granted the project provided by NAC-HMC, saying that, “to the project recipients, please take care of the project provided by NAC-HMC as it will be helpful to your livelihood.”She was also thankful to NAC-HMC for the support it provided the residents of the host community particularly in livelihood, “Thank you for the help and for the care you have shown to the residents by helping them with livelihood projects such as this, thank you NAC-HMC for the support.”Additional supplies for the care and maintenance of the soft-shell crab project were also provided by NAC-HMC to project beneficiaries to help ensure the success and sustainability of the project. As part of the commitment of NAC-HMC to assist its host community, technical experts from the City Agriculturists Office (CAGRO) of Tagum City were also tapped for the project’s implementation. They were also the ones who helped in establishing the soft-shell and crab fattening pilot projects in the mine site of NAC-HMC.

Company

Philippine Resources - February 20, 2020

Logistics Company on Nation-Building (Part Two)

By Marcelle P. Villegas“At the moment, the company is focusing on the infrastructure such as train projects, water projects, bridge & road projects, and airport projects as this is what there is a lot of right now. As an example, for airport projects, we delivered the passenger loading bridges for the Cebu airport and for the Iloilo airport. For water Projects, we have moved the TBM’s (tunnel boring machines for Ipo Dam Project and the Novabala Project). For bridge and road projects, we did transport girders for Sabang Bridge in Star Toll Way Batangas, we shipped and transported casings for the Cebu-Cordova Link Bridge Project, and we are also transporting girders for the San Miguel Skyway Extension Project in Balintawak and Alabang Sections.” - Fernando de Achaval, Vice President of Antrak Philippines Transport Solutions Corporation.On our previous issue, we interviewed Mr Fernando de Achaval and he shared how Antrak Philippines Transport Solutions Corporation (APTSC) started as a company, their challenges and successful milestones through the years.Antrak is partly owned by Antrak Australia (Antrak Logistics Perth) with local shareholders. Antrak Australia is 100% owned by Bolloré.Antrak Logistics Philippines has three ISO Certifications, namely: ISO 9001:2015 Quality Management Systems, ISO 14001:2015 Environmental Management Systems, and OHSAS 18001:2007 Occupational Health and Safety Management Certification.Antrak Logistics Philippines has participated in some of the more successful mining operations, power plants and infrastructure projects in the Philippines by doing it best to provide professional and reliable logistics services.Mr Fernando de Achaval further discussed the challenges and setbacks of running a logistics company. He is the Vice President of APTSC and is one of its co-founders of Antrak Logistics Philippines in 2013.We asked him how Antrak Logistics’ projects are affected by the various problems of the Philippine mining industry. He said, “Some of the problems are about the operations. In the Philippines, there are a lot of challenges. The lack of infrastructure is a challenge.”“One of the big challenges we had in the recent past is the undeclared container congestion. There were lots of containers at the port and in the container yard in storage. This made returning empty containers a challenge. Trucks returning empties were being turned away at various container yards as the yard was always full and they were no acknowledgement or proof that they tried to return empties. Shipping lines would then continue to charge detention charges until they were returned.”“Loaded containers pulled out in Manila were also being diverted for empty return to as far away from Subic. Additional cost was to be borne by the consignee or the logistics provider.“With all this happening, there was no official notice of the issue from the ports, from the shipping lines or the government. This made it really difficult for us, logistics provider, to explain this to the client and to get them to pay for this.”“All of these above caused a lack of available trucks. Many trucks couldn’t take additional jobs until they were able to return the empty containers. In effect, the truckers had a loss of opportunity. Then for us as a logistics provider, providing the on-time service became a challenge too as there would be limited trucks available.”“Infrastructure needs to be improved or this problem will periodically occur”.“Now for some good news, on customs clearance, there has been some improvement.” Mr. Achaval had noted that in the past, customs clearing was all manual. Customs started computerization. Customs is moving to a no-contact policy. Entries are filed electronically. Duties and taxes are paid electronically from the customers bank account directly to customs bank account.“Back before this computerization, we as a logistics provider would, many times, be asked by clients to advance their duties and taxes. As a logistics provider, you had to do it because that is what the competitors were doing. This computerization and online payment system helped us, logistics providers, in the fact that now we could not advance this anymore.”As the company’s business is growing further, what were the other challenges they encountered? “The other challenges are the normal things in growing businesses. This is the headache of finding good talented people.”“This Project Logistics Industry of Antrak Logistics is in is a highly specialized type of logistics business. It is hard to find people who have the knowledge for this kind of job because there are only a few companies or people that do Project Logistics. We are not the regular freight forwarder. We deal with the big stuff, the abnormal-sized and heavy loads. We work and deliver to remote places. And everything is urgent.”“Our service has to be at a higher level as any delay in a project can cost in the millions. Remember we are dealing with capital goods wherein any construction delay means that the whole project is delayed. And that is the pressure that we are under as project logistics providers.’On a final note, he stated, “Despite the job not being easy, I am happy with what I do. I get a sense of pride in what I do as part of Antrak Logistics as we do help the country’s economic development and improve quality of life with every power plant, bridge, processing plant, and water project, that we provide logistics for. Sometimes I may pass a bridge, or a powerplant or something else we worked on and I think to myself with pride that we helped do that.”For more information about Antrak Philippines Transport Solutions Corporation, please visit their website at https://www.antrak.com.ph/.Acknowledgement:Thank you to Mr. Fernando de Achaval and everyone in Antrak Philippines Transport Solutions Corp. for making this interview possible.

Company

Philippine Resources - September 06, 2019

GHD opens new office in the Philippines

Gracing the opening of GHD’s third office in the Philippines are Darren Shrives, General Manager – Philippines, Steven Robinson, AO, Australian Ambassador to the Philippines, and Ian Fraser, General Manager – Asia Pacific.“As we head towards 75 years of formal diplomatic ties, we continue to strengthen the deep and broad connections between Australia and the Philippines,” Steven said. The new office is located in Quezon City, a rapidly growing business hub located north of the Philippine capital, Metro Manila.Darren shares, “Quezon City is home to many of our key clients in the Philippines, so our proximity to them helps us collaborate better. Aside from this, our new office forges our commitment to provide a better and more accessible workplace to our staff.”GHD’s local teams worked on the biophilic design of the new office. It is has approximately 120 working stations, four meeting rooms, and several collaboration areas. Aside from encouraging staff to interact freely within the area, the overall design of the new office has an "outdoor" feel, as evident in the textures/elements of its interiors.

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Recent Articles

Mining

Philippine Resources - April 06, 2021

Philippines Unlikely to Fulfill China's Nickel Ore Requirements

Despite the resumption of many mining operations in the region, the Philippines is unlikely to fulfill China's nickel ore requirements, according to an S&P report. Philippine mined nickel production is expected to increase over the next five years, according to an S&P Global Market Intelligence industry survey, as producers aim to satisfy Chinese nickel ore demand. However, S&P analysts said, “We believe that legislation will remain a major hurdle for restarts and new projects, therefore the Philippines will be unable to meet Chinese nickel ore demand over our forecast period.” Three nickel mines in the world that had been closed due to the coronavirus disease in 2019 were reopened in 2020 when the government turned to the mining industry to help offset the economic effects of the disease (Covid-19). These restarts and demand from current mining facilities, according to foreign analysts, are expected to raise Philippine mined nickel output from 340,000 tonnes in 2020 to 550,000 tonnes in 2025. “However, we believe that existing environmental restrictions on Philippine mining will limit the scope for further mine restarts or additional production from new mining projects in the medium term,” S&P analysts said. “This will prevent the Philippines from meeting China’s nickel ore requirements in Indonesia’s absence, driving Chinese primary output down from an estimated 715,000 tonnes in 2020 to 490,000 tonnes in 2025.” The Philippine Nickel Industry Association (PNIA) previously reported that the country's nickel export value increased by P1 billion from January to September 2020, compared to P24 billion in the same timeframe last year. According to a survey from the Mines and Geosciences Bureau (MGB), the Philippine nickel industry produced 18.5 million dry metric tons (DMT) in 2020, down 14% from the previous year's 21.6 million DMT production. MGB stated that the lower output was primarily due to the increased community quarantine imposed by Covid-19 from March to May 2020, during which mineral product movement was restricted across the world. The increased performance in export value for the nickel industry, according to PNIA President Dante Bravo, was primarily motivated by demand increases in nickel prices. China's consistent demand boosted the world nickel price in 2020.

Economic

Philippine Resources - April 06, 2021

Forecasts for PH Development in 2021 Have Been Reduced

Fitch Solutions, a London-based think tank, has slashed its economic growth forecast for the Philippines this year, citing the return to tough lockdown measures in the wake of the COVID-19 outbreak, which is expected to dampen domestic investment in the short term. Fitch Solutions now expects the Philippines' actual gross domestic product (GDP) to rise by 5.8% this year, down from the initial estimate of 7.6%, due to the government's capital spending push being derailed. “The surge in COVID-19 cases in the Philippines in March and lockdown measures imposed reflect the continued risks to the archipelago’s economic outlook,” the think tank said in a research note dated April 1. The government has reimposed curfew policies in Metro Manila and neighbouring provinces, affecting an unprecedented 24 million inhabitants, as it struggles to control the pandemic. Given the continuing increase in cases and the long-term effect on hospital capacity, Fitch Solutions expects the lockout steps to be extended beyond two weeks. “The likelihood of further outbreaks in other regions remains high and given the slow vaccination rollout in the country (less than 1 per cent of the population has been vaccinated as of end-March) we believe the Philippines’ recovery will continue to be hampered by the pandemic,” Fitch Solutions said. Regional outlook The think tank went on to say that its new estimate of 5.8% also had downside risks. It stated that its forecast for a moderate recovery this year was based on the assumption that domestic demand would steadily improve and the government's investment plans would be realized, resulting in a sharp increase in domestic activity. “However, the slow vaccine rollout and recurrent difficulties in containing outbreaks look set to stall the recovery further,” it noted. A survey of economists in the Asean-5 and India found that the Philippines' growth projection was 5.2 per cent, down from 5.9 per cent in the previous poll last December. Although Asian countries that carried out mass vaccination earlier, such as India, Indonesia, and Singapore, saw their near-term economic prospects boost, gradual inoculation tempered economists' growth aspirations for the Philippines, according to a poll released on Monday by the think tank Japan Center for Economic Research (JCER). Economists following the Philippines predicted that GDP will contract by 3.8 per cent year on year in the first quarter, up from 0.7 per cent a year before. GDP will rise 8.4% year over year in the second quarter, 5.6 per cent in the third quarter, and 4.5 per cent in the fourth quarter due to base effects from last year's low. Malaysia and Thailand, including the Philippines, have weaker growth forecasts for 2021. “Most economists see the rollout of COVID-19 vaccination as one of the most significant positive developments over the last three months and all three upward-trending countries have rolled out vaccinations relatively sooner. This may have improved economists’ outlooks. Delays in vaccination and the spread of COVID-19 variants are listed as factors that might damage the economies,” JCER said. Top concerns Faster dissemination of COVID-19 variants and delayed vaccination, or "corona shock," were described as top economic issues in the Philippines, but higher inflation was also identified as a major threat to the country's recovery from the pandemic-induced recession. According to analysts, headline inflation will average 4.5 per cent in the first quarter, 4.8 per cent in the second, 4.7 per cent in the third, and 4.2 per cent in the fourth quarter, averaging 4.5 per cent in 2021, way above the target range of 2-4 per cent. With a 6.1 per cent increase, Singapore is forecast to lead economic growth in the Asean-5 this year, led by Malaysia's 5.3 per cent and Philippines' 5.2 per cent. According to the JCER report, India will rise at a higher rate of 11.2 per cent in 2021. Economists predicted that the Philippines' average GDP growth will be 6% in 2022, up from 5.8% in December but still below the government's goal.

Construction

Philippine Resources - April 06, 2021

Estrella-Pantaleon Bridge Expected to Open in June 2021

The Department of Public Works and Highways (DPWH) is concentrating not only on the civil work’s development of the Estrella-Pantaleon Bridge Project but also on keeping the workplace secure and clean. DPWH Secretary Mark A. Villar said, "that at 86 per cent and with just a few more days to fully complete the new Estrella-Pantaleon Bridge, we are mindful that a single case of COVID-19 in the project can lead to an interruption, if not total work stoppage" Secretary Villar recently issued revised guidelines in Department Order #30 for the implementation of ECQ, MECQ, GCQ, and MGCQ infrastructure projects, both public and private, during the public health crisis. "Although the bridge project is being rushed for completion in June 2021, it is critical that construction firms be proactive rather than reactive in dealing with the increased risk of illness from COVID-19," Secretary Villar added.  Emil K. Sadain, Undersecretary for Unified Project Management Office (UPMO) Operations, and UPMO Roads Management Cluster 1 Project Manager Benjamin Bautista checked the physical progress of the bridge project on Monday, April 5, 2021, and the contractor's compliance with protocols that cover prevention, detection, and rapid response to maintain construction work continuity as workers who have been living in the barracks resume work after the Lenten season. “Let’s get to work healthy to get the job done”, Undersecretary Sadain reminded the contractor China Road and Bridge Corporation citing the current health situation, particularly in the NCR Plus bubble.   In his report to Secretary Villar, Undersecretary Sadain reported that the project is more than 12% ahead of time, having completed all bridge substructure works for abutments A and B on both sides and piers of the Makati approach bridge; the V-shaped piers for the Main Bridge; concrete box girder for the approach bridge; and the V-shaped piers for the Main Bridg; and two (2) prestressed concrete box girder segments using the traditional approach. Post-tensioning and grouting works, formworks and rebar installation for the closure section in the side spans, formworks installation for the 2-meter closure section in the main bridge span, and preparatory works for approach road construction on both sides are now the focus of bridge construction activities. The new 506-linear meter bridge, funded by China and introduced by the DPWH UPMO - Roads Management Cluster 1 (Bilateral), would have a diameter of 21.65 meters, capable of four (4) lanes instead of two (2), and three-meter sidewalks on both sides. The P1.46 billion new Estrella-Pantaleon Bridge, which is scheduled to be completed in the second quarter of 2021, will handle 50,000 vehicles a day and minimize travel time between Mandaluyong and Makati to 12 minutes. The bridge will connect Estrella Street in Makati to Barangka Drive in Mandaluyong, helping to relieve traffic congestion on EDSA by providing an alternative route for motorists.

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