The gross production value of mineral resources in Davao Region stood at PHP11.7 billion in 2023, an official of the Mines and Geosciences Bureau in the Davao Region (MGB-11) reported Tuesday. During the Kapihan sa Bagong Pilipinas forum here, MGB-11 Officer-in-Charge Beverly Mae Brevante said the region is rich in mineral resources, particularly gold,...
In order to establish a productive and promising joint venture, the Geological Society of the Philippines (GSP) and the Mongolian Society of Economic Geologists (MonSEG) recently signed an Agreement of Cooperation and Exchange between both associations. The signing was held on April 15, 2024. From a statement by Janice Wayan, GSP's Trustee and PR Commi...
As Orica Philippines celebrates its 55th anniversary, the company reflects on its rich history and looks forward to a future of continued innovation and sustainability. Gordon Wallace, country head for Orica Philippines, shared insights into the company's values, achievements, and plans. A Legacy of Safety and Quality Orica’s story in the Philippine...
by: Czarina Mei Laope Initiated by the Department of Environment and Natural Resources (DENR) and the Mines and Geosciences Bureau (MGB), PLASTIKarunungan is a nationwide symposium spearheaded by the Philippine Youth Association for Responsible Mining and Natural Resources (YAMAN Philippines). From Luzon to Mindanao, four organizations were enlisted to...
OceanaGold Corporation in Vancouver, Canada, announced that its wholly owned subsidiary, OceanaGold Philippines, Inc. (OGPI) has completed the initial public offering of 20% of the outstanding common shares of OGPI on the Philippine Stock Exchange (PSE). Trading began on May 13, 2024. The shares are listed under the ticker ‘OGP’. To mark PSE’s first IP...
Environment and Natural Resources Secretary Maria Antonia Yulo Loyzaga called on the mining industry to rethink, invent, and innovate the ways it develops the country’s natural resources, and must evolve to align with the principles of sustainability, stewardship and resilience. “Our nation is at a pivotal juncture where the need to balance economic gr...
An inter-agency meeting will help streamline processes in obtaining small-scale mining permit, Anti-Red Tape Authority (ARTA) Secretary Ernesto Perez said Friday. In a press conference here, Perez said he has met with regional Bangko Sentral ng Pilipinas (BSP) officials and learned that only two small-scale mining organizations are selling their gold p...
Nickel Asia Corporation (NAC) has recently announced the election of two prominent figures, Jose Isidro N. Camacho and James J.K. Hung, to its Board of Directors. Jose Isidro N. Camacho has been appointed as the Chairman, succeeding Gerard H. Brimo, who retired after more than 15 years of service. James J.K. Hung joins the board as an Independent Director...
The 11th ASEAN Senior Officials Meeting on Minerals (ASOMM) Joint Working Group and Associated Meetings was held on 29 April – 3 May 2024 at The Stones Hotel- Legian Bali, Autograph Collection in Bali, Indonesia. The meeting was intended to present updates on the status of the project activities identified under Phase 2 of the ASEAN Minerals Cooperatio...
The Philippine Extractive Industries Transparency Initiative (PH-EITI) held its 90th Multi-Stakeholder Group (MSG) meeting and Mine Visit in Cauayan City, Isabela, and Kasibu, Nueva Viscaya. from May 23-25, 2024, bringing together key stakeholders from government, industry, and civil society to discuss various topics in the implementation of PH-EITI activ...
Mines and Geosciences Bureau Central Office (MGB-CO) technical personnel participated in the Palawan Stakeholders' Congress on Mining and the Environment (PSCME) held last April 24-26, 2024 in Puerto Princesa City. With the theme: "Yours, Mine, Ours," the stakeholders’ congress was organized by the Provincial Government of Palawan. The Congress brought...
The Australian ambassador to the Philippines on Friday cited five possible investment areas in the Cordillera Administrative Region (CAR). “The Southeast Asia economic strategy, with the Philippines as among the most important countries to Australia, clearly highlights the areas that we think have potential for different kinds of investments and those ...
Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported first quarter 2024 revenues of ₱589.9 million, net income attributable to shareholders of ₱10.6 million, and earnings per share (EPS) of ₱0.0021. Mining revenues were ₱586.2 million, down 47.4% from ₱1.1 billion in the prior year due to lower sellin...
Nickel Asia Corporation (NAC) (PSE: NIKL) announced its unaudited financial and operating results for the three-month period ended March 31, 2024, with an attributable net income (net of minority interest) of P202 million, lower than the P970 million reported during the same period last year. Earnings before interest, taxes, depreciation, and amortizat...
OCEANAGOLD (PHILIPPINES), INC., is pleased to announce it has completed the initial public offering (the “IPO”) of 20% of its outstanding common shares on the Philippine Stock Exchange (“PSE”). The shares are listed under the ticker symbol ‘OGP’ and began trading May 13th. The Company operates the Didipio gold and copper underground mine, located in th...
The Department of Environment and Natural Resources (DENR) is looking to shorten the processing of permits for the mining industry to entice more investors to do business in the Philippines. Speaking during Friday's mining conference in Makati City organized by think-tank Stratbase ADR, Environment Secretary Maria Antonia Yulo-Loyzaga said they are now...
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