Photo: Ceremonial turn-over of DMPF requirements to the Mines and Geosciences Bureau-Cordillera Administrative Region (MGB-CAR). In photo, left to right: MMCI Monitoring and Evaluation Supervisor Anne Zee Luz Laguerder; CLA Executive Director and MMCI Country Operations Director Peter Hume; MGB-CAR Regional Director Fay W. Apil; MGB Mine Management Divisi...

Photo credit: PH-EITI The Philippine Extractive Industries Transparency Initiative (PH-EITI) convened its first Multi-Stakeholder Group (MSG) meeting under the Marcos administration on Friday (September 16), two weeks after the country reaffirmed its commitment to implement the EITI. EITI is the global standard for transparency and accountability in...

Photo credit: EITI / CC BY-SA The Marcos administration demonstrated its commitment to pursue transparency in natural resource governance by rejoining the Extractive Industries Transparency Initiative (EITI) and enabling the continued development of the mining sector. In a letter to EITI Chair and former New Zealand Prime Minister Helen Clark, Finan...

Socioeconomic Planning Secretary Arsenio Balisacan joins the panel discussion of the Philippine economic briefing in New York on Sept. 22, 2022. Balisacan cited the economic growth drivers in the country which include agriculture and mining. (Screenshot from Bangko Sentral ng Pilipinas Facebook page) Socioeconomic Planning Secretary Arsenio Balisacan o...

Photo credit: Global Ferronickel Holdings Ipilan Nickel Corporation (INC), an affiliate of Global Ferronickel Holdings, Inc. (FNI), announces the successful completion of its maiden shipment of ore today from its mine site in Brooke’s Point, Palawan. With 54,700 Wet Metric Tons of medium-grade nickel ore loaded aboard M/V He Sheng Nan Fang, INC declare...

Photo: The participants during the mine visit in Agata Mining Ventures, Inc. The Mines and Geosciences Bureau (MGB) and the Biodiversity Management Bureau (BMB) of the Department of Environment and Natural Resources (DENR) recently conducted its first leg of orientation for DENR Mindanao Cluster on DENR Administrative Order (DAO) No. 2022-04 re: Enhanc...

In relation to a webinar hosted by the Philippines-Australia Business Council (PABC) last 18 July 2022, regarding the ASEAN Australia New Zealand Free Trade Agreement and the Regional Comprehensive Economic Partnership, the Australian Embassy in the Philippine expressed their further support for Philippine’s economic sector through ASEAN last August. T...

How can the ASEAN-AU NZ Free Trade Agreement help the Philippines? Will their initiative and strategies for open economy help various Philippine industries like mining, construction, agriculture, transportation, telecommunications, and others? Last 18 July 2022, the Philippines Australia Business Council (PABC) in partnership with the Australia Philipp...

Photo credit: The Chamber of Mines of the Philippines The Chamber of Mines of the Philippines (CoMP) expressed concern over a proposed tax measure that may push back recent gains of the mining sector and deter prospective investments to the sector. The bill passed by the House committee on ways and means proposes the imposition of a royalty tax of 5...

A House of Representatives panel on Wednesday approved a new fiscal regime for the mining sector, which is expected to generate PHP37.5 billion in its first full year of implementation. The House ways and means committee approved a bill proposing a rationalized and single fiscal regime applicable to all existing and prospective large-scale metallic min...

Photo credit: Bilyonaryo DMCI Mining Corporation posted an 8-percent upturn in standalone second-quarter core net income from P502 million to P542 million as higher selling prices and stronger US dollar offset the combined impact of lower shipments and higher fuel costs. Including the impact of CREATE law last year, its standalone net income for the...

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI) recorded a consolidated net income of ₱417.4 million for the period ended June 30, 2022. The results are driven by the April to June mining operations of Platinum Group Metals Corporation (PGMC) in Surigao del Norte, with incremental contributions from PGMC International ...

In a boon for mining in the Philippines, Finance Secretary Benjamin Diokno has earmarked the sector as a source for long-term economic growth amid the pandemic. As reported in business publication, Rappler, Mr. Diokno said: “The mining industry holds the greatest potential to be a key driver in our economic recovery and long-term growth, especially now...

Photo credit: Apex Mining Apex Mining’s total revenue for the second quarter of 2022 reached PHP2.537 billion, 65% higher year over year (YoY). This pegs the resulting consolidated net income after tax of the company at PHP917.6 million, a 337% increase YoY. “This consolidated quarter net income is an an all-time high for Apex Mining,” says Apex Min...

Photo Credit: Arrow Creatives Nickel Asia Corporation, the Philippines’ largest producer of lateritic nickel ore, reported a 41-percent increase in attributable net income for the first semester this year. Based on unaudited financial and operating results for the six-month period ended June 30, 2022, attributable net income increased to P3.83 billi...

Figure 3. Cross section of drill hole MCB-039 relative to the interpreted geology and significant assay results. We (Celsius Resources) are pleased to announce we have received further shallow and high-grade copper assay results from the ongoing drilling program at our flagship MCB copper-gold project, held under our Philippine subsidiary Makilala Mini...