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Megawide to Provide Ready-Mix Concrete for Malolos-Clark Railway Project
by Philippine Resources - May 04, 2021
Megawide Construction Corp announced that it had signed a joint venture agreement to supply ready-mix concrete for the Philippine National Railways Clark Phase 2 or the Malolos-Clark railway project package 1.
Megawide's Batching Plant Unit said on April 21 that it had signed a P2.9 billion subcontracting deal with a joint venture of Hyundai E&C, Megawide, and Dong-ah Geological.
According to the statement, the contract entails the construction and maintenance of concrete batching plants as well as the supply of ready-mix concrete to the project.
From Malolos and Calumpit in Bulacan, as well as Apalit and Minalin in Pampanga, Package 1 of the Malolos-Clark railway project includes 17 kilometres of elevated viaducts, 7 balanced cantilever bridges, and 2 stations. Megawide remarked.
Megawide said it will install two mobile batching plants with rated capacities of 120 and 80 cubic meters per hour and an ice plant in its manufacturing line to maximize temperature and deliver higher-quality concrete as part of the agreement.
“Through our combined expertise in engineering and construction, we would be able to meet and support the demands of the railway project by ensuring operational efficiency and raw material availability, through the steady supply of consistent, high-quality ready-mix concrete,” said Megawide executive vice president Markus Hennig.
The government's Build, Build, Build program includes the 54-kilometre PNR Clark Phase 2 project, which aims to enhance transportation between the National Capital Region and Central Luzon.
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Philippine Resources - May 07, 2021
DENR Applauds Women's Contributions to PH Mining
Women have made a major contribution to the growth and advancement of the country's mining industry, according to the Department of Environment and Natural Resources, with more women leaders advancing to top-level roles. “We need the active participation of women in policy formulation and program development not only to advance their rights in terms of decision-making and leadership but to empower them to address environmental challenges and climate change,” Environment Secretary Roy Cimatu said. According to Nonita Caguioa, DENR Assistant Secretary for Finance, Information Systems, and Mining Concerns, more women are now working in the mining industry, as shown by the increase in female workers in mining firms and at the DENR's Mines and Geosciences Bureau. “We have different mining companies in the nickel industry who already have women, senior officials. Not only in nickel mining, but we can also see now plenty of women in the mining industry in general,” she said. “There are even those who have just finished college in geology, metallurgy or mining engineering, some of whom are already employed with some of the mining companies or the government service,” Caguioa added. With more women working in the mining industry, she cited laws like Republic Act 9710, or the Magna Carta of Women of 2009, RA 7877, or the Anti-Sexual Harassment Act of 1995, and RA 7192, or the Women in Development and Nation Building Act of 1992, that promote and protect their rights. According to Caguioa, the DENR has non-discrimination clauses in mining licenses and arrangements to “respect the right of women workers to engage in policy and decision-making procedures that concern their interests and benefits.” Caguioa earned a mining engineering degree from the Cebu Institute of Technology before entering the DENR.
Philippine Resources - May 07, 2021
Semirara Mining Expects Profit Recovery This Year
Semirara Mining and Power Corp. (SMPC), a publicly traded integrated energy firm, expect some profit recovery this year, owing to improved coal and power demand and costs. SMPC chairman and CEO Isidro Consunji said at the company's virtual stockholders' meeting that the company's bottom line will boost as the coal and energy markets rebound from last year's historic lows. “To take advantage of the upswing, we will capitalize on our COVID-19 resiliency and adaptation strategy of focusing on our people, finances, and execution skills. However, given our operational headwinds and until our country reaches herd immunity, it is unlikely that we will return to our pre-pandemic profit level this year,” he said. The business ended in 2020 with a combined net income of P3.3 billion, down 66% from P9.6 billion the previous year. Revenues dropped 36.2 per cent to P23.3 billion as coal production, sales, and prices fell, while energy sales fell due to low power rates and Southwest Luzon Power Generation Corp's (SLPGC) expected and unplanned outages. The coal division of SMPC and the SLPGC plants will be the key drivers of development this year. With remedial steps introduced in Molave North Block 7 (NB7), the coal industry is expected to reach 13 million metric tons, according to SMPC president and COO Maria Cristina Gotianun. “This year, we expect our coal business to perform better on the back of recovering consumption and prices. The remedial measures we have been implementing since December have also allowed us to steadily normalize production. Now that the water seepage at NB7 has gone down to manageable levels, we expect annual production to hit 13 million metric tons,” she said. Due to excessive water seepages, SMPC postponed mining operations in Molave NB7 in early December, reducing coal output by 13% to 13.2 million metric tons. SLPGC is expected to drive profits in SMPC's power market due to higher sales, but Sem-Calaca Power Corp. (SCPC) is expected to produce poor performance. SCPC is the owner of the Calaca coal-fired power plant in Batangas, which it bought from the government in 2009 for $362 million. In the same location, SLPGC operates a 2x150-MW coal power plant. “For this year, we expect uneven results from our power subsidiaries. SLPGC is set to stage a strong profit recovery because of higher plant availability and better spot market prices. Unfortunately, SCPC is likely to deliver disappointing results because of the forced outage of its Unit 2 beginning Dec. 3 last year,” Gotianun said. SCPC's outage was triggered by a seven-month-old generator stator failing. Repairs are currently being negotiated with generator provider GE, according to Gotianun. “While they have agreed to cover the majority of the costs related to fixing the equipment, we are intent on making them shoulder all the necessary expenses. We expect to complete our negotiations within the year,” she said. “In the meantime, we are doing our best to fast track the repair of the generator. If all goes well, Unit 2 can be up and running by the third quarter of this year,” Gotianun said. This year, SMPC will invest P4 billion to rebound from last year's slump. The overall sum will be divided between SCPC and SLPGC for their prevention and repair services, with P2.9 billion going to buy mining and service equipment for the coal industry. Since the COVID-19 pandemic placed a burden on the company's liquidity last year, the management agreed to delay P3.7 billion of CAPEX to this year as part of its cash saving steps.
Philippine Resources - May 07, 2021
Australian Mining Firms Show Interest in the Philippines
According to Australia's Ambassador to the Philippines, Steven Robinson, several Australian mining firms have shown interest in mining in the Philippines, and the recent lifting of a nine-year ban on new mining ventures has paved the way for the possibility of responsible and world-class mining. Robinson said that mining if conducted safely and in accordance with international standards, could help the Philippines recover from the effects of the pandemic's economic impact. “The miners that we already have here—Orica [Philippines], OceanaGold, Red 5 [group], a number of them—are already thinking about what the future holds for them as a result of that ban being lifted,” he said in a virtual briefing on Monday. “They have started to reach out to us just in recent times to express interest in mining across the Philippines. I think that is a very positive step for the Philippines and good for Australian miners here,” he added, when asked to comment on the lifting of the ban. Malacanang recently released Executive Order No. 130, effectively lifting the nine-year ban on new mining deals. The order reversed a clause of then-President Benigno Aquino III's Executive Order No. 79, which was issued in 2012. The EO included a clause prohibiting the issuance of new mining licenses or mining output sharing arrangements unless a new revenue-sharing scheme was established. President Rodrigo Duterte said that the mining tax scheme included in the Tax Reform for Acceleration and Inclusion (TRAIN) Act had already met the EO's requirements. The TRAIN Act increased the excise on minerals, mining goods, and quarry services from 2% to 4%, lowering personal income taxes while increasing consumption taxes. Duterte previously stated that the country had only used about 5% of its natural wealth. According to the Australian ambassador, this demonstrated that there was something that could be achieved in the world to assist in its economic recovery. “The Philippines is a natural resource-rich country, and there’s much that could be done here that will really benefit the Philippines’ recovery, and Australian firms know that,” Robinson said.