OceanaGold (Philippines), Inc. (OGPI) which operates the Didipio Gold-Copper Mine is pleased to announce it has remitted USD20.3 million (PhP1.1 billion) in additional government share for the first time to the Philippine government pursuant to the terms of its Financial or Technical Assistance Agreement (FTAA) on April 23, 2024. OGPI made the payment ...
Celsius Resources Limited. is pleased to announce the extension of the exploration permit for the Sagay Copper Project, held under its Philippine subsidiary, Tambuli Mining Company, Inc (“TMCI”) located on the Island of Negros in the Philippines. The extension of EP-000003-VI was issued on 1 April 2024 and was based on Section 30 of the Department Admi...
The Philippines and Papua New Guinea (PNG) are eyeing possible cooperation on critical minerals and fisheries sectors, Foreign Affairs Secretary Enrique Manalo said Thursday. After his bilateral meeting with PNG Foreign Minister Justin Tkatchenko, Manalo said the Philippines is eager to explore opportunities and “new forms” of partnership with the Paci...
“The Philippine Mineral Reporting Code (PMRC) sets out the minimum standards, recommendations, and guidelines for public reporting in the Philippines of Exploration Results, Exploration Targets, Mineral Resources, and Mineral Reserves,” [1] as explained by Mr. Ciceron Angeles, Jr., PMRC Committee Chairman and Consulting Geologist. In November 2021, th...
The research studies under the Apex Mining Professorial Chairs in Mining and Metallurgical Engineering have shown that mining tailings and silt are potential substitutes for cementitious materials in concrete mixes while using non-noble metals as reduction catalysts can reduce the cost of producing fuel cells. The Apex Mining Professorial Chairs, ...
For the first time in 15 years, the Philippine government granted permit to the copper mining project of Perth-based Celsius Resources with initial investments of USD253 million, or around PHP14 billion. In a statement over the weekend, the Department of Trade and Industry (DTI) said Celsius Resources’ local unit Makilala Mining Company, Inc. (MMCI) wa...
Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported revenues of ₱8.8 billion in 2023, operating income of ₱2.8 billion, net income attributable to shareholders of ₱1.5 billion, and earnings per share (EPS) of ₱0.3022. The 30.5% year-over-year increase in revenues to ₱8.8 billion was largely driven by...
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...
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...
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 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...
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 Chamber of Mines of the Philippines (COMP) said its 19 member-companies will fully implement the Towards Sustainable Mining (TSM) initiative, a global environmental, social, and corporate governance performance measurement standard. In a statement over the weekend, COMP said TSM is a set of tools and indicators to ensure that key mining risks are ...
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