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”...

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 mille...

Photo credit: DENR The Department of Environment and Natural Resources (DENR) said it shall boost the potential of the mining sector to support the country’s economic growth and development under the Marcos administration.  In the 48th Philippine Business Conference and Expo hosted by the Philippine Chamber of Commerce and Industry held on October 1...

Nickel Asia Corporation recently announced its unaudited financial and operating results for the nine-month period ended September 30, 2022, with an attributable net income (net of minority interest) of P6.90 billion, up 12 percent from the P6.17 billion reported during the same period last year. Earnings before interest, tax, depreciation, and amortizati...

Finance Secretary Benjamin Diokno has cited the importance of improving the inclusive and data-informed management of the extractive industries in driving long-term economic expansion as he cited its PHP363-billion contribution to government revenues from 2012 to 2019. “With the Marcos administration banking on the potential of the extractive sector to...

Photo credit: Celsius Resources Celsius Resources Limited is pleased to declare a maiden JORC compliant Mineral Resource for the Sagay (SGY) Copper-Gold Project (“Project”), held under its Philippine Subsidiary Company, Tambuli Mining Co., Inc (TMCI) and located at the Island of Negros in the Philippines. The latest results suggest that the SGY Projec...

Photo credit: Celsius Resources Celsius Resources is pleased to announce they have received further shallow and high-grade copper assay results from the ongoing drilling program at their flagship MCB copper-gold project, owned by its Philippine subsidiary Makilala Mining Company, Inc. (“MMCI”). The results continue to extend the envelope of the near...

Photo credit: Bilyonaryo Integrated energy company Semirara Mining and Power Corporation (SMPC) set a new profit record during the first nine months of the year, as its consolidated net income surged 250 percent from P10.3 billion to P36 billion—more than double (122%) its 2021 net income of P16.2 billion. Its exceptional performance was mainly due ...

Atty Ronald Recidoro, Executive Director at Chamber of Mines of the Philippines, described the new Unnumbered Bill in mining as “Killing the goose to get to the golden eggs”. He expressed his sentiments and professional insights regarding the new mining bill during the recent Philippine Mining & Exploration Association (PMEA) Monthly Membership Mee...

Photo credit: Abogado The Board of Directors of Philex Mining Corporation recently announced that the Company generated a quarter of lower but positive results. Philex recorded a Core Net Income of Php210 million for the quarter, from P716 million of same period in 3Q2021, mainly due to lower copper prices, ameliorated with favorable foreign exchange r...

Photo credit: DENR   The Department of Environment and Natural Resources (DENR) has partnered with the Department of Labor and Employment (DOLE) to create new job opportunities in the country, particularly in the environment sector. The partnership was formalized with the signing of a memorandum of agreement (MOA) between Environment Secretary Ma...

Photo credit: Atlas Consolidated Mining and Development Corporation Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) completed the third quarter of the year 2022 with a reported net income of Php3.069 billion compared to the net income of Php3.477 billion for same period in 2021. Stable production in the three quarters sustained t...

Bulacan Governor Daniel Fernando announces the temporary lifting of the suspension of mining and quarry operations in the province, during his meeting with the truckers association and those involved in the mining sector on Thursday (Oct. 20, 2022). He lifted the suspension as he released the new Implementing Rules and Regulations based on the environment...

Photo credit: Darren M Green / Shutterstock The Department of Environment and Natural Resources (DENR) is looking at the mining sector as one of the sources of the country's economic recovery as per the directive of President Ferdinand Marcos Jr. During a budget hearing of the Senate Committee on Finance on Tuesday, Secretary Toni Loyzaga said DENR ...

The Department of Environment and Natural Resources (DENR) spent the first 100 days under the new administration of President Ferdinand “Bongbong” Marcos Jr. pursuing sustainable management and development of the environment while creating "green" jobs and ensuring investments and revenue for the government. In an accomplishment report dated Sept. 29, ...

Photo Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in nickel ore mining, logistics, cement and steel production, and port operations, on Friday signed the definitive agreement giving it a pivotal 20% stake in Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTN) through the purchase of shares in GHGC Hol...