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Innovation towards flexibility on construction projects
by Philippine Resources - August 26, 2021
The new Atlas Copco’s XAS boX range is the result of 10 years of continuous development and addresses the changing needs of our customers. This range, from 400-850 cfm, combines the rugged durability you need with the performance efficiency you deserve. When we focus on efficiency within this range, it’s all about the strategic triangle of size, flow, and fuel efficiency. Excelling in one of these areas is wasted excellence if you cannot provide the other two. Therefore, our promise to our customers is an industry leading range of optimized size-to-flow compressors, which have unparalleled levels of fuel efficiency and autonomy.
The XAS boX range comes with Pressure Adjusted through Cognitive Electronics (PACE) technology. This electronic pressure regulation system brings a wider pressure range to cover more applications. PACE optimizes your compressor’s efficiency, especially at partial load or idle status and is the smart technology that increases your utilization and improves your compressor’s fuel economy.
This range is also designed to withstand the toughest working conditions. With a standard operating temperature range of -10°C to +50°C and a strong undercarriage, the range’s robust nature guarantees reliable operation. The design, controller and modularity put you in control. You will see we have also focused heavily on ease of service to ensure uptime and utilization. This range is all about you!
Huge number of Atlas Copco machines used in Slope Protection projects
Rebtrade International Corporation started its formal operations in 1980 as a trading company for specialty construction chemicals, particularly waterproofing and non-shrink grouts. In 1984, Rebtrade entered a manufacturing licensing agreement with an established Swiss manufacturing conglomerate. The thrust is to provide quality products meeting international standards using majority of its components from locally available sources. This created a major advantage for the company in terms of pricing and delivery, as our competitors sold finished products imported from either USA or Europe.
At present, Rebtrade has more than 50 specialty construction products such as Waterproofing, Waterstops, Fireproofing, Flooring Compounds and Treatments, Adhesives, Non-shrink Grouts, Epoxies, Caulks and Sealants, Concrete Admixtures, Firestops, Carbon Fiber, etc. Rebtrade represents various principal companies from Europe and America and have also exported products to different parts of Asia. The company is constantly evolving as more innovative products are being developed and introduced to the market to cater to all clients in the construction industry. It is now one of the leading manufacturing and trading companies in the country to date.
“Rebtrade International Corporation is one of the pioneers for specialty construction materials, slope protection and road stabilization installation. We started out as a trading company way back in 1980 for specialty construction materials. As we continued to expand and diversify, we needed to find good and reliable suppliers to help in our growth, that’s when we partnered with Atlas Copco. This was more than 8 years ago and to this day, Atlas Copco continues to be our go-to supplier for compressed air supply, among other things”, said Mr. Manuel Syyap, President of Rebtrade International Corporation. “We are happy that we have grown together with Atlas Copco, a company who shares our ideals and our vision. We hope that this partnership will continue in the years to come.”, he added.
To know more about Atlas Copco’s range of products and services, visit https://www.atlascopco.com/en-ph/construction-equipment or email powertechnique.SEA@atlascopco.com.
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Philippine Resources - June 30, 2021
The first Atlas Copco High-pressure Portable Engine-driven Compressor Y1300 in the Philippine market
Photo Credit: Atlas Copco Philippines - The first Atlas Copco High-pressure Portable Engine-driven Compressor Y1300 in the Philippine market Atlas Copco is an industrial company based in Stockholm, Sweden, with approximately 40,000 employees and customers in more than 180 countries. Atlas Copco is a pioneer in technology and engineering, with expertise relied upon by all industries, all over the world. With market-leading products, solutions, and services help ensure the customers’ reliable operations, optimize their productivity, reduce their costs, lower their CO2-emissions, and help them achieve their own sustainability ambitions. Atlas Copco (Philippines), Inc. (ACPI) is a world-leading provider of industrial productivity solutions. It was established on March 30, 1967 in Metro Manila with more than 50 years presence nationwide. The head office is located at Laguna Technopark, Biñan, Laguna, and have branch offices in Cebu, Cagayan de Oro, and Davao, ready to respond around the clock to the customers’ needs. ACPI serves various industries including electronics, semiconductors, construction, cement, agriculture, mining, automotive, food & beverage, and general manufacturing segments. Some of the products include construction equipment, portable compressors, light towers, dewatering pumps, compressed air systems, vacuum pumps, gas equipment sales and rental, industrial tools, and assembly systems. DrillAir range - reliable and efficient power The Atlas Copco DrillAir range of portable engine driven compressor is built scientifically around the principles of pressure and flow. The focus of the range is the relationship between these two variables and for the compressor to find the combination which is right for the application. DrillAir is all about putting the operator in control. Thanks to innovative design and unique performance management solutions, such as Atlas Copco PACE and DrillAirXpert, the new DrillAir Model will deliver better performance in smaller and lighter package applicable to vast industries such as construction, mining, and oil and gas. Y1300 key features and benefits Atlas Copco’s screw element has low energy consumption over a wide range of pressure and flow settings which helps in covering fluctuations without the need to boost fuel injection. Combination of efficient screw compressor, DrillAirXpert and high pressure help to reduce fuel consumption by up to 15%. All Atlas Copco machines are engineered, not assembled. The innovative design that makes the machine results to better performance and smaller package while the top located exhaust system will reduce the potential risk of fire. On top of it, the standardized design makes the management of big fleet easier. The first Atlas Copco High-pressure Portable Engine-driven Compressor Y1300 in the Philippine market The first ever Atlas Copco portable engine driven compressor acquired in the Philippine market was by ABI Interior Hardware, a company based in Ozamis City, Misamis Occidental. ABI Interior Hardware was established in 2001 at Ozamiz City, Misamis Occidental with its main office at Pagadian City, Zamboanga Del Sur, initially established in 1997 under the name Alvin Bazaar Incorporated with business focused in hardware and paint industry. In 2002, it diversified its business and opened the Executive Hotel in Ozamiz City, with a clear vision to provide comfort and service to guests at an affordable price. It expanded in 2006 and 2011 when the company acquired a property in Cagayan de Oro City and Cebu City, respectively, and opened the Executive Pension and Food House. It was in 2007 when ABI Interior Hardware ventured into water-well drilling services with nine units of drilling rigs at present. In 2019, with the mission to provide quality industrial, commercial, and residential water-well drilling services as well as pump and well-system repairs to ensure customer satisfaction, ABI Interior Hardware expanded their drilling services with percussion method. It is during this time that the owner, Mr. Mervin Ang, searched for a specific machine that can satisfy their requirements for the pneumatic and hammer drilling applications – a 1300-CFM, 35-bar portable engine-driven compressor. Atlas Copco’s high-pressure portable engine-driven compressor model Y1300 is the perfect candidate for such requirements. In the height of the pandemic situation in the country in 2020, the first ever Y1300 in the Philippine market was delivered to Misamis Occidental with direct support from Mr. Junior Mangatong, Atlas Copco Philippines’ Product Engineer in Mindanao. When asked about why they chose Atlas Copco for their biggest project, Mr. Mervin Ang said, “The Atlas Copco Y1300 really boosted our productivity as we can finish a project within two months, unlike with our previous percussion method that normally takes us six months to finish. The advantages are not only directly correlated to financial savings, but also to customer satisfaction as we can fulfill our commitment and deliver above expectations.” More than the features and benefits the equipment can provide, Mr. Ang also elaborated that the technical expertise and 24-hour service hotline are keys in the decision of choosing Atlas Copco. “Machine has a good performance, easy to operate, has a good protection, and most of all why I chose Atlas Copco is the aftermarket support”, he added. To know more about Atlas Copco’s range of products and services, visit https://www.atlascopco.com/en-ph/construction-equipment or email powertechnique.SEA@atlascopco.com.
Philippine Resources - November 05, 2021
Atlas Mining Net Income reached Php3.48 billion in 9M 2021
Photo credit: Bilyonaryo Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) reported net income of Php3.48 billion for the three quarters of 2021 compared to the net income of Php490 million for the same period in 2020. Higher metal prices and the stable production in the three quarters sustained the improvement in net income. Metal prices remained high in the third quarter this year pushing average copper price higher by 60% to $4.22/lb and gold price by 4% to USD1,803/ounce compared to the same period last year. Atlas Mining’s wholly-owned subsidiary, Carmen Copper Corporation, reported higher copper production and shipments in the third quarter compared to the second quarter due to improvements in copper head grades and recovery. Quarter-on-quarter, copper metal produced increased by 11% from 22.80 million lbs to 25.36 million lbs while gold produced increased by 44% from 5,829 ounces to 8,386 ounces. Year-on-year, copper metal production decreased from 81.62 million pounds in 2020 to 64.09 million pounds in 2021, due mainly to the decrease in copper grades by 20% from 0.309% to 0.246% as ore milled in the first quarter was sourced from stockpiles. Gold production decreased year-on-year by 45% from 35,814 ounces to 19,562 ounces due also to lower gold grades from 8.05 grams/dmt to 5.38 grams/dmt. Cash costs decreased by 3% year-on-year from Php7 billion in 2020 to Php6.82 billion in 2021, due to overall lower volumes of shipments and production. Earnings before interest, tax, depreciation and amortization (EBITDA) was Php8.02 billion for the three quarters, 31% higher compared to Php6.13 billion in 2020. Core income for the period was Php3.34 billion in 2021 compared to Php1.64 billion in 2020. Atlas Mining continues to strengthen its overall financial position supported by its improving earnings, efficient operations and robust metals market. Article courtesy of the Philippine Stock Exchange
Philippine Resources - July 26, 2021
Atlas Mining Net Income rose to Php 1.94 billion in 1H 2021
Atlas Consolidated Mining and Development Corporation ("Atlas Mining") reported net income on Php1.94 billion for the first half of 2021 compared to the net loss of Php190 million for the same period in 2020. Net income improvement benefitted from higher metal prices and improved production and shipment volumes in the second quarter. Metal prices rose in the second quarter this year with average copper price higher by 70% to 4.21/lb and gold price by 10% to USD1,812/ounce compared to the same period last year. Atlas Mining's wholly-owned subsidiary, Carmen Copper Corporation, reported higher copper production and shipments in the second quarter compared to the first quarter due to improvement in grades and milling tonnage. Quarter-on-quarter, copper metal produced increased by 43% from 15.93 million lbs to 22.80 million lbs while gold produced increased by 9% from 5,346 ounces to 5,829 ounces. Year-on-year, copper metal production decreased from 54.17 million pounds in 2020 to 38.73 million pounds in 2021, due mainly to the decrease in copper grades by 26% from 0.311% to 0.231% as ore milled in the first quarter was sourced from stockpiles. Gold production decreased year-on-year by 51% from 22,815 ounces to 11,176 ounces due also to lower gold grades from 7.68 grams/dmt to 5.09 grams/dmt. Cash costs decreased by 10% year-on-year from Php4.75 billion in 2020 to Php4.26 billion in 2021, due to overall lower volumes of shipments and production. Earnings before interest, tax, depreciation and amortization (EBITDA) was Php4.932 billion for the first half, 46% higher compared to Php3.373 billion in 2020. Core income for the period was Php2.158 billion in 2021 compared to Php366 million in 2020. Based on its improved earnings, efficient operations and positive outlook, Atlas Mining continues to improve its balance sheet.
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Philippine Resources - January 30, 2023
PHILEX MINING GEARS UP FOR EXPANSION, SIGNIFIES INTEREST IN MACAWIWILI
In photo at the signing of the term sheet between PMC and MGMDCI were: (seated, left to right) Felicisimo A. Feria, Jose Ma. S. Lopez, and Michael L. Escaler, all representing MGMDCI; Manuel V. Pangilinan, Philex Chairman; and Eulalio B. Austin Jr., Philex President and CEO; (standing, left to right) Atty. Katrina Janine Sta. Ana, Associate, Migallos & Luna Law Offices; Atty. Bryan George Manzano, Associate, Migallos & Luna Law Offices; Atty. Michelle Carisse Balois, Partner, Feria Tantoco Daos Law Offices; Atty. Daneia Isabelle Palad, Partner, Migallos & Luna Law Offices; Atty. Winston Cruz, Vice-President and General Counsel, Philex Mining Corporation; Romeo B. Bachoco, Senior Vice-President and Chief Finance Officer, Philex Mining Corporation; Atty. Marilyn A. Victorio-Aquino, Director, Philex Mining Corporation; Atty. Barbara Anne C. Migallos, Director and Corporate Secretary, Philex Mining Corporation and Partner, Migallos & Luna Law Offices; Atty. Raymond Francis Jamora, Associate, Feria Tantoco Daos Law Offices; and Atty. Michael John Tantoco, Jr., Associate, Feria Tantoco Daos Law Offices. (PMC photo) Philex Mining Corporation, one of the oldest and largest copper and gold producers in Southeast Asia, recently set into motion its plans for expansion with the signing of a Term Sheet with Macawiwili Gold Mining and Development Co., Inc. (“MGMDCI”) in simple ceremonies in Makati City. Macawiwili Gold Mining and Development Co., Inc. is a 90-year old company engaged in mineral exploration and production in Itogon, Benguet. With over 800 hectares of contract area under its Mineral Production Sharing Agreement, the Company has been exploring various mineral deposits, including gold and copper, for several decades. The Term Sheet outlines the parties’ clear intentions to explore commercial, financial, and technical avenues in preparation for possible shares acquisition by the Company in MGMDCI. Activities to kick off this partnership will include conduct of due diligence and scout drilling activities on the property of MGMDCI covered by Mineral Production Sharing Agreement (MPSA) in Itogon, Benguet Province., located adjacent to the existing Padcal Mine of the Company. Signing the Term Sheet on behalf of the Company were Manuel V. Pangilinan, Chairman, and Eulalio B. Austin Jr., President and CEO; while representing the shareholders of MGMDCI were Michael G. Escaler, Jose Ma. S. Lopez, and Felicisimo A. Feria. The signing was also witnessed by directors and officers of the Company as well as counsel for both parties. “Our interest to pursue investments in the Macawiwili property” according to Eulalio B. Austin, Jr., President and CEO, “is part of our business direction for this year to broaden interest in ‘green metals’ through mergers and acquisitions.” “We need to hit the ground with this at the soonest possible time,” Austin adds, “considering that this property is adjacent to our Padcal mine and would go a long way in fulfilling company plans for expansion and extension of the life-of-mine of Padcal. “This is a good addition or extension to the Padcal Mine,” according to Manuel V. Pangilinan, Philex Chairman. “I hope that this is the start of something good and that it would ride the wave of higher metal prices in gold and copper.” Pangilinan emphasized that “any addition, expansion, or extension to the Padcal Mine would greatly benefit not just our employees and their families, but also our host and neighboring communities, and our nation as a whole.” Article courtesy of the Philippine Stock Exchange
Philippine Resources - January 30, 2023
DMCI Holdings, SMPC among best governed PLCs
Photo caption (left to right): SMPC Corporate Governance and Compliance Manager Joseph D. Susa, DMCI Holdings Board Advisor and SMPC Independent Director Honorio O. Reyes-Lao and SMPC SVP, Chief Risk, Compliance and Performance Officer Junalina S. Tabor. Diversified engineering conglomerate DMCI Holdings and its energy subsidiary Semirara Mining and Power Corporation (SMPC) were among the Philippine listed companies recognized for their corporate governance performance by the Institute of Corporate Directors (ICD). DMCI Holdings received the 2 Golden Arrow recognition while SMPC was awarded the 3 Golden Arrow recognition. Both have been ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow awardees since 2019. The awards were conferred after the two companies exhibited observable conformance with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices as espoused by the ACGS. The ACGS measures the performance of the companies in the areas of facilitating the rights and the equitable treatment of shareholders, how they relate to their different stakeholders, ensuring transparency and accountability through timely disclosure of material information, and how the board guides the company strategically, monitors the management, and ensures the board’s accountability to the company and the shareholders. Over 80 Philippine listed companies were feted during the in-person awarding ceremony in Sheraton Manila Hotel last January 20. Article courtesy of the Philippine Stock Exchange
Philippine Resources - January 30, 2023
DOTr to prevent more delays in PNR Clark Phase 2 project
Photo credit: DOTr The Department of Transportation (DOTr) will work closely with the contractor of the Philippine National Railways (PNR) Clark Phase 2 project to ensure that issues are addressed after its projected completion date was delayed by eight months. In a statement on Monday, the DOTr said the project, initially slated for completion in June 2024, has been delayed until June 2025 due to the delay in the turnover of the land to project contractor POSCO Engineering & Construction. “Before the 36-hectare site was turned over by the government to POSCO, several fruit-bearing trees were cut down, causing the delay,” it said. About 48 buildings and facilities are expected to be built by POSCO at the project site, meant to be the Clark Depot of the North-South Commuter Railway (NSCR). “As of December 31, 2022, more than 33% of the planned construction has been completed,” it said. In addition to buildings and facilities, the Clark Depot will have 33 stabling tracks to serve as the parking areas for the trains and 12 other tracks to access maintenance facilities. During a site visit at the project site, DOTr Secretary Jaime Bautista said the Clark Depot is where the operations control center will be located which will serve as the “heart of operations” of the rail service. “It is important that we complete this as planned and on time. I know that there are issues that need to be resolved. The DOTr will work closely with [the contractor], so we can fix problems and address issues,” Bautista said. The 53-kilometer PNR Clark Phase 2 is the second leg of the NSCR and will link multiple cities and municipalities in Central Luzon with Metro Manila. Funded by the Asian Development Bank, the project is seen to cut travel time between Malolos City in Bulacan province and Clark, Pampanga province from 1.5 hours to 30 minutes. This part of the NSCR also includes the Airport Railway Express Service that will connect Makati to the Clark International Airport through a 55-minute train ride. Article courtesy of the Philippine News Agency
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