Photo credit: Bilyonaryo - Philex Mining Corporation  Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, and an advocate of right and principled mining, announced the completion of its financial results for Y2022. The Company added Php190 million Core Net Income in 4Q2022 to the Php1.543 billion cor...

Photo credit: OceanaGold OceanaGold Corporation reported its financial and operational results for the three months and full year ended December 31, 2022.  Gerard Bond, President and CEO of OceanaGold said, "2022 was a successful year on multiple fronts for OceanaGold. We achieved record low safety outcomes, outperformed at Haile, returned Didipio t...

Photo credit: TVI-Agata's nickel DSO process To paraphrase a popular mining saying, “They are making a ton of money and the Philippines is not getting a nickel.” The Philippines needs to maximize revenue from its nickel mining operations. Further up, the mining value chain presents more opportunities for the country to realize the contribution of minin...

Photo credit: Global Ferronickel Holdings The Mines and Geosciences Bureau (MGB) has clarified that the Mineral Production Sharing Agreement (MPSA No. 017-93-IV) between the Philippine government and Ipilan Nickel Corporation (INC) remains in force and valid until 10 April 2025. This allows INC, a subsidiary of diversified conglomerate Global Ferronick...

Photo: Participants of the Consultation Meeting for the Implementation of DAO No. 2022-04 The Mines and Geosciences Bureau (MGB) and the Biodiversity Management Bureau (BMB) of the Department of Environment and Natural Resources (DENR), together with the DENR Global Environment Facility / United Nations Development Program Biodiversity (UNDP-BD) Corrid...

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 &amp...

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 Po...

Photo: President Ferdinand ‘Bongbong’ Marcos Jr. meets officials of Glencore. Credit: Office of the President Facebook Page President Ferdinand R. Marcos Jr. on Wednesday met with the international chief executive officers (CEOs) to discuss potential business opportunities in the Philippines. A breakfast meeting was held between Marcos and the world...

Photo: Benguet Vice Governor Ericson Felipe on Tuesday said they are appealing to the Department of Environment and Natural Resources (DENR) to streamline the permitting process for 'Minahang Bayan' that delays the declaration of an area for community mining. The declaration is a requirement before mining associations can be issued a mining contract. (PNA...

Photo credit: Celsius Resources Makilala Mining Company, Inc. (MMCI), a subsidiary of Celsius Resources Limited, has received interim Certificates of Approval from the Regional Mines and Geosciences Bureau (MGB) for two vital program documents: the Five-Year Social Development and Management Program (SDMP) and the Care and Maintenance Program (CMP) for...

Photo credit: Celsius Resources Makilala Mining Company, Inc. (MMCI) and PDEP, Inc., two wholly owned Philippine subsidiaries, have entered into a partnership with Sodor Inc. and PMR Holding Corp. to develop the MCB Project. The partnership will be formalized through the signing of a binding agreement. The two companies have also signed a Non-Binding T...

Photo credit: Bilyonaryo  Mr. Felipe U. Yap, Chairman and CEO of Manila Mining Corporation (“MMC”), is pleased to announce the exciting and economically significant gold and copper exploration drilling results from four well-controlled, deep diamond core holes completed below MMC’s historical Ntina open pit gold mine. The drilling programme has been...

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in ferronickel ore mining and processing, logistics and port operations, and cement and steel production, recorded a net income of P2.13 billion in the nine-month period that ended September compared to the P1.86 billion it p...

Photo Credit: dmcihouse.net DMCI Mining Corporation saw its net income decline by 17 percent from P1.41 billion to P1.17 billion during the first nine months of the year owing to lower nickel ore shipments and average nickel grade sold. “We expected a severe profit decline because of the depletion of our Berong mine late last year. Fortunately, the ...

Developing the electric vehicle (EV) industry is opening new opportunities for the Philippine mining sector, a company executive said Wednesday.  In a media roundtable, DMCI Mining president Tulsi Das Reyes said the e-vehicle sector has provided new opportunities for the mining industry and his company is keen to take part in this development. He de...

Two Surigao del Norte-based affiliates of Nickel Asia Corp. (NAC) have been awardees of the prestigious Presidential Mineral Industry Environmental Award (PMIEA) for this year. In a statement Tuesday, NAC said Hinatuan Mining Corporation (HMC) in Taganaan town and Taganito Mining Corporation (TMC) in Claver town received the PMIEA at the 68th Annual Na...