Things are getting better for OceanaGold Philippines, Inc. after their application for FTAA renewal was finally approved last year for the Didipio gold and copper mine. Last 14 July 2022, the Philippine Government finally granted OGPI another 25 years to operate. The company's operations had been halted for nearly two years due to a dispute between the mi...

Photo credit: Redjie Melvic Cawis Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia added Php668 million of Core Net Income in 4Q2021 to its Php1.865 billion Core Net Income for the first nine months ended September 30, 2021. Thus, full year Core Net Income rose 118% to Php2.533 billion compared with P...

Photo credit: Bilyonaryo Atlas Consolidated Mining and Development Corporation ("Atlas Mining") reported a record net income of Php3.83 billion for the year 2021 compared to the net income of Php118 million for the same period in 2020. Stable production, resilient operation and higher metal prices sustained the turnaround performance of Atlas Mining. ...

Department of Environment and Natural Resources (DENR) Undersecretary for Mining, Muslim Affairs, and Attached Agencies, Mr. Jim O. Sampulna has stepped in place of DENR Secretary Roy Cimatu after his official resignation on February 17, 2021. Acting presidential spokesperson and Cabinet Secretary Karlo Nograles confirmed on February 18, 2021, that Cim...

Figure 1: Location of the MCB Project in the Province of Kalinga, Northern Luzon, Philippines. Celsius Resources Limited (“Celsius” or “the Company”) is pleased to announce that its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI”) has received priority project status for the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project (“MCB” or “the ...

Photo credit: Atlas Consolidated Mining and Development Corporation The Australia Philippine Business Council (APBC) said the impacts of lifting the open-pit mining ban will spill over to other industries like manufacturing. In a statement, APBC said the decision of the government to lift the moratorium will revitalize the mining industry, usher in ...

Philex Mining Corp., one of the country’s largest producers of copper and gold, said recently it plans to prolong the life of its underground mine in Padcal, Benguet, potentially overlapping with the start of the commercial production of its Silangan mine in Mindanao by 2025. The decision to extend Padcal’s mine life beyond 2024 will depend on the stud...

Photo credit: Bilyonaryo The Securities and Exchange Commission (SEC) has considered favorably the stock rights offer by Philex Mining Corporation for a maximum of PHP3.15 billion. In its meeting on January 27, the commission en banc resolved to render effective the registration statement filed by Philex Mining for a stock rights offer covering up t...

In an effort to support women workers in the small-scale mining industry, the Mines and Geosciences Bureau (MGB) in partnership with planetGOLD Philippines, held a two-day online workshop on gender inclusivity last December 9-10, 2021. The workshop, dubbed “Mainstreaming Gender in Small Scale Mining,” aimed to help the participants gain knowledge on gende...

With the Department of Environment and Natural Resources (DENR) issuing an order to lift the moratorium on the open-pit method in the country through DENR Administrative Order (DAO) 2021-40 issued on Dec. 23, 2021, the Mines and Geosciences Bureau (MGB), Mine Safety, Environment, and Sustainable Development Division (MSESDD) Chief, Engr. Marcial M. Mateo ...

Scott Sullivan, Acting CEO of OceanaGold said, “We finished the year with a strong fourth quarter of production, backed by solid operational performances from Haile, which delivered a record annual gold output and Didipio, where ramp-up is advancing ahead of schedule. We are delivering on our commitments by achieving our full year consolidated guidance an...

Before the year ended, DENR Secretary Roy Cimatu signed the Department Administrative Order (DAO) No. 2021-40 that lifts the ban on open-pit mining. The order was passed last 23rd of December 2021. This covers mining for copper, gold, silver and other complex ores. DENR made this decision with hopes to revive the mining industry so it may once again provi...

Photo credit: Philex Mining Philex Mining Corporation is pleased to announce the completion of the In-Phase Mine Plan feasibility study and an updated mineable reserve estimate for the Boyongan deposit in accordance with the 2012 Philippine Mineral Reporting Code (“PMRC”). A feasibility study for a 4 Million tonnes per year sub-level cave mining pla...

Back in November, OceanaGold Corporation announced the commencement of processing at the Didipio Gold-Copper Mine.  Scott Sullivan, Chief Operating Officer & Acting CEO of OceanaGold said, “This is a major milestone for OceanaGold, the Didipio Mine and host communities. Following the confirmation of the Didipio Mine Financial or Technical Assistanc...

The Department of Finance (DOF) has expressed its support behind the recent decision of the Department of Environment and Natural Resources (DENR) to lift the ban on open-pit mining as it voiced full confidence in the government’s capability to strictly regulate mining operations to address and minimize the impact posed by these extractive activities on t...

Photo credit: OceanaGold via Twitter - OceanaGold's mine at Didipio The government said it expects to revitalize not only the mining sector but also the entire economy, with the lifting of the ban on open pit mining. Environment Secretary Roy Cimatu signed a memorandum order on Dec. 23 that effectively reinstates the use of open pit mining method by...