Photo Credit: Arrow Creatives State-run pension fund Government Service Insurance System (GSIS) has invested P1.46 billion in natural resources development company Nickel Asia Corp. The GSIS investment involved a purchase of a total of 233,558,653 common shares, done through a block sale approved by the Philippine Stock Exchange on April 12, 2023. ...

Photo credit: Benguet Corp Listed miner Benguet Corporation (BC) registered consolidated revenues of PHP4.03 billion in 2022, up by 5 percent from PHP3.84 billion in the previous year. In a statement issued on Monday, the company said its revenues were generated mainly from nickel, gold and lime sales. It sustained strong performance with operati...

Photo credit: Apex Mining Apex Mining Co., Inc. recorded a PHP 3.339 billion consolidated net income in 2022. Meanwhile, consolidated revenues reached Php10.310 billion. The consolidated revenues were up 39% YoY with gold accounting for Php9.854 billion and silver Php0.456 billion. Apex Mining’s consolidated net income increased 408% YoY. Total volu...

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (PSE: FNI) delivered resilient financial results and key operating achievements in 2022, with net income growing 9% to ₱2.2 billion and earnings before interest, taxes, depreciation, and amortization (EBITDA) margin expanding to 48% from 39% in the previous year. “Our perfor...

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), has just signed an Annual Purchase Agreement with Baosteel Resources International Co. Ltd. for the supply of 1.5 million WMT of nickel ore for the 2023 mining season. The nickel ore will be coming from FNI’s operating mines in Surigao del Norte and Palawan, operated by ...

Photo: Signing of Binding Deed and Agreement (Left to right: PMR Holding Corp. President Dan Chalmers, CLA Chairman and MMCI President Atty. Julito “Sarge” Sarmiento, Sodor, Inc. President Ms. Erika Chalmers, and CLA Executive Director and MMCI Country Operations Director, Peter Hume). Celsius Resources Limited  is pleased to announce that on 17 March ...

Photo credit: Marcelle Villegas Environment Secretary Antonia Loyzaga has underscored the need for the mining sector to prioritize actions to end gender inequality as part of the effort to promote responsible mining. In her keynote speech, Secretary Loyzaga underscored the need to ensure that women’s representation in the mining industry is meaningf...

Photo credit: Taganito Mining Natural resources development company Nickel Asia Corporation logged an attributable net income (net of minority interest) of P7.93 billion for 2022, an increase of 1.5 percent from the P7.81 billion it reported in 2021, based on its audited financial and operating results. Earnings before interest, tax, depreciation, a...

Photo: Participants from MGB Central and Regional Offices, JOGMEC, and JMEC capping off the seminar The Mines and Geosciences Bureau (MGB) and Japan Organization for Metals and Energy Security (JOGMEC) organized a Seminar on Environmental Cooperation last February 23, 2023 at Park Inn Radisson Hotel North EDSA, Quezon City. The seminar, which was at...

“The most critical metal required to drive the global electrification and demand for carbon-neutral economies is copper, simply because of its ability to conduct electricity.” ~ Douglas Kirwin

Taganito Mining Corporation (TMC), a subsidiary of natural resources development firm Nickel Asia Corp. (NAC), once again demonstrated its adherence to ESG (Environment, Social, and Governance) compliance by winning the major awards during the 68th Annual National Mine, Safety, and Environment Conference on Nov. 18, 2022.  TMC bagged the Presidential M...

Photo credit: Masbate Gold Project The Mines and Geosciences Bureau (MGB) reported Wednesday metallic mineral production value surged by 31.73 percent to PHP238.05 billion in 2022 from PHP180.71 billion the previous year. The growth was achieved despite the twin impact of the coronavirus disease 2019 (Covid-19) pandemic and the ongoing Russia-Ukrain...

Photo credit: Atlas Consolidated Mining and Development Corporation Atlas Consolidated Mining and Development Corporation ended 2022 with a consolidated Net Income After Tax (NIAT) of Php 3.2 billion, lower by 17% from Php 3.9 billion in 2021. The lower NIAT was mainly due to the unprecedented spikes in fuel and energy prices that resulted in higher op...

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Photo credit: Celsius Resources Highlights Assay results from three additional drill holes have all confirmed further extensions to the shallow, high-grade copper mineralisation at MCB.   Assay result highlights include: 51.3m @ 0.93% copper and 0.06g/t gold from 7.7m in drill hole MCB-042   101.5m @ 0.90% copper and 0.18g/t gold ...

Photo credit: Bilyonaryo Integrated energy company Semirara Mining and Power Corporation (SMPC) ended 2022 with a consolidated net income of P39.9 billion, more than double (146%) its previous-year all-time high of P16.2 billion. Robust domestic coal shipments and higher spot electricity sales, along with elevated market prices account for the recor...