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Tugade signs P17.75-B deal for phase 1 of Metro Manila Subway
by Philippine Resources - May 09, 2022
Photo credit: Department of Transportation Philippines - The first phase of the Metro Manila Subway was officially awarded to the Tokyu-Tobishima Megawide Joint Venture (TTM-JV) during a signing ceremony on Thursday (May 5, 2022)
Department of Transportation (DOTr) Secretary Arthur Tugade Thursday signed a contract worth PHP17.75 billion as part of the first phase of the Metro Manila Subway.
The contract package, dubbed CP104 and that was awarded to Tokyu-Tobishima Megawide Joint Venture (TTM-JV), includes the construction of two subway stations and tunnels at Ortigas North and South.
The contract was signed at an event at Edsa Shangri-La in Mandaluyong City between Tugade and executives of the TTM-JV.
During the event, right-of-way usage agreements were also signed between DOTr and partners in the private sector including Blemp Commercials of the Philippines, Megaworld Corporation, Robinsons Land Corporation, and Ortigas & Company Limited Partnership.
In a speech, Japanese Ambassador Koshikawa Kazuhiko congratulated the DOTr and the TTM-JV for the “milestone” in bringing the Metro Manila Subway closer to reality.
Koshikawa noted that Tokyu construction, head of the TTM-JV, is “well-known for their significant expertise in the construction of railways and its related developments.”
“I am confident that they certainly will apply Japan's cutting-edge technology and knowledge to the Metro Manila Subway’s best advantage,” Koshikawa said.
The Metro Manila Subway is part of the Duterte Administration’s ‘Build, Build, Build’ program and is seen to be partially operational by 2025.
Primarily funded through grants and loans from the Japanese government, the 35-kilometer subway will run from Valenzuela City to the Ninoy Aquino International Airport (NAIA) Terminal 3.
It will consist of 15 subway stations, can serve up to one million passengers daily, and is seen to reduce travel time between NAIA and Quezon City from 70 minutes to 35 minutes. By Raymond Carl Dela Cruz
Article courtesy of the Philippine News Agency
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Philippine Resources - July 27, 2021
Japan, PH sign P253m tranche for Metro Manila Subway Project
Japanese Ambassador KOSHIKAWA Kazuhiko and Foreign Affairs Secretary Teodoro Locsin Jr. signed today the second tranche of the 253.307 billion yen (253,307,000,000) financing for the Metro Manila Subway Project (phase 1). The Metro Manila Subway will be the Philippines' first completely underground railway system, began the construction in February 2019, funded by the Government of Japan. This 27km subway project is one of the flagship developments under the Build, Build, Build program, which will live on for generations to come. The subway will address the worsening congestion in Metro Manila caused by poor road network and the rising population's demand for transportation. Today’s additional funding will provide for the expansion of the original planning line to include 2 more stations (17 stations in total), a spur line to Ninoy Aquino International Airport and rail tracks that will also be used by the North-South Commuter Train. Japan's assistance, through a variety of ODA support, will provide the Philippine government funds to build this quality infrastructure utilizing Japanese state-of-the-art technologies and expertise from years of railway experience in its design, construction and operation stages.
Philippine Resources - November 15, 2021
Prep works for Metro Manila Subway at Camp Aguinaldo begins
The pre-construction works for the Metro Manila Subway Project (MMSP) at Camp Aguinaldo have officially begun on Thursday through a groundbreaking ceremony. During the event, Department of Transportation Assistant Secretary Fidel Igmedio Cruz Jr. said the ceremony marked the beginning of the construction of 192 housing units, repair and rehabilitation of Warehouse No. 1 and supply unit, general headquarters and headquarters service command, and construction of the medical gas and manifold vacuum plant housing at Camp Aguinaldo. These structures and facilities are part of the MMSP’s Advanced Works Package 2 and are meant to replace or improve those affected by Metro Manila Subway in Camp Aguinaldo—where the MMSP’s Katipunan Station will be located. “This advanced works package will replicate and improve affected DND-AFP structures and facilities with similar specific purposes and functions employing modern design, technology, and materials,” Cruz said. The project package, he said, was awarded to and will be built by a local contractor, Specified Contractor and Development Incorporated. “'Yung packages MMSP 102 and 103 are about to complete procurement. That's why ito po 'yung advanced package para ma-clear 'yung right-of-way nung madadaanan ng train (MMSP packages 102 and 103 are about to complete procurement. That’s why this advanced package has commenced so that we can clear the right-of-way for the train service),” Cruz said. To date, he said the detailed designs for the MMSP are at 60 percent complete while the replication and improvement of affected facilities at the Veterans Memorial Golf Club—where the MMSP’s North Avenue Station will be located—is at 45 percent complete. In total, he said five DND-AFP properties would be developed to create “convenient access points and multi-modal transport plazas” for five subway stations. Some stations of the Metro Manila Subway System will rise on government properties, such as Camp Aguinaldo, to ensure that it is accessible to the riding public. In December last year, DOTr Secretary Arthur Tugade and Defense Secretary Delfin Lorenzana signed a right-of-way usage agreement for the MMSP. The MMSP is a 33.103-kilometer underground rail system traversing Ugong Valenzuela to the Ninoy Aquino International Airport Terminal 3 and aims to accommodate up to 370,000 passengers per day by its first year of operation.
Philippine Resources - March 09, 2022
Metro Manila subway project 30% complete: DOTr
Photo credit: Department of Transportation Some 30.55 percent of the Metro Manila Subway Project (MMSP) is already complete, Department of Transportation (DOTr) Undersecretary for Railways Timothy John Batan said on Tuesday. “Despite the effects of the Covid-19 pandemic, again, back-to-back to back major milestones were still realized despite all odds,” Batan said during an inspection of the MMSP’s Valenzuela depot. He said 576 out of the 6,400 tunnel rings needed for the partial operability segment of the MMSP have been completed, with more underway at the MMSP’s 7.5-hectare fabrication yard in Norzagaray, Bulacan. The DOTr has acquired 197,000 square meters of land and 585 structures from 324 property owners as part of the project’s right-of-way acquisition. Despite this, he said there has been no “forced eviction resettlement” of the 183 informal settler families affected by the project through the help of the Valenzuela City government. Through a right-of-way agreement signed with the Department of National Defense – Armed Forces of the Philippines (DND-AFP) in December 2020, he said the MMSP will make use of 50,000 square meters of DND-AFP land, with an additional 60,000 square meters of land for tunneling works, and additional 55,000 square meters of land for temporary works. “This partnership forged between the DND-AFP and DOTr, under the leadership of Secretary [Delfin] Lorenzana and Secretary [Arthur] Tugade, will not only enable DOTr to fast track its access to construction and work sites needed for the subway but will also give DND and the AFP a fair and recurring source of resources,” Batan said. He said the first two out of 25 tunnel boring machines to be used in the project arrived in February 2021 while the PHP66 billion contract for the MMSP’s electromechanical systems has been awarded to Mitsubishi Corporation in October 2021 The PHP27 billion contract for 240 subway train cars was awarded to the J-Trec-Sumitomo Joint Venture in December 2020. “With today's inspection of the MMSP, we are showing how decades of ‘plan, plan, plan,’ how decades of ‘drawing, drawing, drawing,’ and how decades of talk, talk, talk’ have changed to ‘Build, Build, Build,’” Batan said. The MMSP will be the country’s first underground railway system and will provide mass transit in the National Capital Region (NCR)—from Valenzuela City to FTI in Taguig City, Parañaque City, and Ninoy Aquino International Airport (NAIA) Terminal 3 in Pasay City, and will further extend to the north and south of NCR. With 17 stations—two of which are interoperable with the North-South Commuter Railway line—the MMSP is seen to reduce travel time between Quezon City and NAIA from one hour and 10 minutes to just 35 minutes. By Raymond Carl Dela Cruz Article courtesy of the Philippine News Agency
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Marcelle P. Villegas - November 24, 2022
Energy Transition for Oil, Gas and Coal Sectors
Most industries are dependent on fossil fuels to operate. However, in response to climate change, there is a global trend that encourages countries to join in the energy transition of using green technologies. While in theory, this strategy looks promising and feasible. However, in some countries, like in the Philippines, this is a major challenge. This was the scope of the roundtable discussion (RTD) last 4th of May 2022 during PH-EITI Conference with the Department of Finance and Department of Energy. The theme of the event was "Preparing the Extractives for Energy Transition".
Philippine Resources - November 15, 2022
Celsius obtains Social License to operate for the MCB Project
Photo credit: Celsius Resources Limited Celsius Resources Limited is pleased to announce that one of its Philippine subsidiaries, Makilala Mining Company, Inc. (“MMCI”) has obtained the consent of the Balatoc Indigenous Cultural Community (ICC) for the development of the Company’s MaalinaoCaigutan-Biyog (MCB) Copper-Gold Project (“MCB” or “the Project”). After a series of consultations and negotiations, a Memorandum of Agreement (MOA) between MMCI, the Balatoc ICC, and the National Commission on Indigenous Peoples (NCIP) was officially signed on 14 November 2022. The MOA represents the collective decision of the Balatoc ICC for MMCI to carry out exploration, development, production, and operation activities at the MCB Project area. It also outlines the commitments and obligations of all parties to the agreement as well as the economic, social, environmental, and cultural benefits of the Project to the Balatoc ICC during the life of the mine. Pasil Municipal Mayor Alfredo B. Malannag, Jr. was elated with the outcome and expressed: “This is a historical moment as it reflects the aspirations of the community for the future of the Balatoc Tribe. With MMCI at the forefront of development, our dreams of harnessing our natural resources without sacrificing our future and the environment will soon be realised. We have partnered with MMCI since their first exploration in the area in 2006 and the community has established a very good relationship with them.” Kalinga Provincial Governor James S. Edduba shared the same sentiment: “This is a happy occasion, and I am excited with the many possibilities that will happen to this community with the signing of the MOA. Growing up in the place, I can personally attest to life with and without a mining company. I was the Mayor of Pasil when Makilala Mining started their exploration. We have gone a long way and MMCI has been instrumental in the development of the community. I believe that this partnership will help develop the community further as this is such a big investment in terms of business and employment opportunities, overall progress and other benefits.” The Company considers obtaining the consent of the Balatoc ICC to be a crucial aspect for the development of the MCB Project, as it represents a social license to operate which is anchored on legitimacy, credibility, and trust. MMCI President Atty. Julito R. Sarmiento expressed: “The signing of the agreement signifies the commitment of the Company to do right by the Balatoc ICC. We have always ensured that we abide and respect the customary laws and traditions of the community in all aspects of our engagements, to demonstrate our strict adherence to Environmental, Social and Governance (ESG) principles and best practices consistent with our firm commitment to Transformative Mining.” Article courtesy of Celsius Resources
Philippine Resources - November 15, 2022
Apex Mining’s 3Q2022 RESULTS UP 277% YoY
Photo credit: Apex Mining Apex Mining Co., Inc. is enjoying the fruits of its continuous expansion program with both the 3Q2022 and 9mo2022 results at an all-time high. Production for the 3Q2022 stood at 26,962 oz for gold and 100,899 oz for silver. The volume was 35% and 15% higher, respectively, than previous year’s production. The Maco mine milled 209,585 tonnes, 14% higher YoY with daily mill throughput of 2,334 tpd with mill grades of 4.02 gpt for gold and 18.72 gpt for silver. In the 3 rd quarter, the foreign exchange rate averaged P56.62 vs P50.30 from 3Q2021 or an increase of 13%. The resulting gross revenues for the third quarter was P2.743 billion, an increase of 43.8% YoY. Consolidated net income for 3Q2022 amounted to P897.95 million vs net loss of P624.35 million for 3Q2021, a 244% increase YoY. During the 3Q2021, the Company recognized P1.1 Billion provision for impairment of property and equipment and deferred exploration costs of non-operational local and foreign subsidiaries of Monte Oro Resources & Energy, Inc, a wholly owned subsidiary of Apex. For the 9mo2022, total production was 73,219 oz gold and 291,333 oz silver or an increase of 36% and 12% respectively. Realized prices were $1,817/oz for gold and $21.62/oz for silver, a change of +2% and -13% respectively. Milling throughput for the Maco Mine Site was 601,730 tonnes or 2, 299 tpd for the 9mo2022, as compared to 514,008 tonnes or 2,017 tpd for the same period in 2021. The weighted average foreign exchange rate during the comparative period was P53.85 and P49.03 to one USD, a gap of 10%. The resulting gross revenues for the three quarters of 2022 was higher at P7.51 billion compared to the same period in 2021 at P4.99 billion. The net income (loss) for the three quarters of 2022 and 2021 was P2.46 billion and (P135.73) million. Net income grew 1,913% YoY. Disaster relief is among the cornerstones of Apex Mining’s corporate citizenship initiatives. As the third quarter was drawing to a close in September, typhoon Karding battered Luzon. In tandem with the Philippine Mine Safety and Environment Association (PMSEA), though Pusong Minero, Apex Mining’s president and CEO, Luis R. Sarmiento, ASEAN Eng., who is also the president of PMSEA, condoled with the families of the five Bulacan PDRRMO rescuers who perished while conducting rescue activities during the said tropical depression. At the Luksang Parangal of the Bulacan Provincial Advisory Group for Police Transformation and Development, the families of the late rescuers received cash assistance. Earlier, in August, the four classrooms built by the GMA Kapuso Foundation, in part through a P2M donation by the company, was turned over to the students and teachers of the Baybay Elementary School in the island of Siargao (Siargao, including Baybay Elementary School, was badly hit by typhoon Odette in December 2021). Apex Mining found itself displaying its unique brand of malaskit yet again as the final quarter of 2022 opened with typhoon Paeng wreaking havoc in regions 5, 6, 8, 12 and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). Still under the Pusong Minero program of the PMSEA, the company, together with concerned local governments, immediately deployed much needed supplies like drinking water, sleeping mats and sacks of rice to select areas badly hit by Paeng. The distribution of sleeping mats is a joint effort with the province of Davao de Oro, where Apex Mining’s Maco Mine is located. Article courtesy of Apex Mining
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