Photo credit: PNA - Finance Secretary Benjamin Diokno Finance Secretary Benjamin Diokno said the mining industry is a potential source of sustained economic growth as he underscored the benefit of mobilizing investments for mine development. “The mining industry holds the greatest potential to be a key driver in our economic recovery and long-term g...

Photo credit: PH Stocks Integrated energy company Semirara Mining and Power Corporation (SMPC) posted P10.8 billion in second-quarter net income, 171 percent better than the P4 billion reported last year. All-time high coal selling prices coupled with higher spot electricity sales volume at elevated prices accounted for the upsurge. From January ...

Photo: Group photo of the participants after the MGB Management approved the Capstone Project (CP) for implementation during CP Orientation on July 12, 2022 With the start of online transactions, the Mines and Geosciences Bureau (MGB) is currently developing a system that will serve as a digital platform for the submission of the compliances by the min...

Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) completed the first half of the year 2022 with a reported net income of Php2 billion compared to the net income of Php1.935 billion for the same period in 2021. The improvement in the bottom line is attributed to the considerable increase in grades and metal prices during the first hal...

Photo credit: Provincial Government of Ilocos Norte logo Ilocos Norte is set to recognize the public and the private sector’s initiatives and exemplary achievements in promoting responsible mining. Provincial administrator Yvette Convento-Leynes confirmed this on Monday as she reported that the awarding of outstanding partners is set on July 27 in t...

Mines and Geosciences Bureau (MGB) announced on 10 March 2022 that the DENR has granted MPSA 352-2022-VI to DMCI Holdings, Inc., a subsidiary of Semirara Mining and Power Corp. (SMPC). The MPSA is for SMPC’s Hamalian Limestone Project which is located at Semirara Island in Caluya, Antique. The project covers an area of 3,807.0571-hectares. This MPSA now g...

Last June 3, 2022, Gov. Tamayo announced in a public statement his decision to veto Ordinance No. 23, Series of 2022 that was passed by the Sanggunian Panlalawigan (SP) (or Provincial Board) of South Cotabato last May 16, 2022. The ordinance modified the Provincial Environmental Code of South Cotabato and lifted the ban on open-pit mining in the province....

What does it take to own and operate a mining company in the Philippines? Mining is one of the industries that heavily revolves around a number of laws and regulations. On Day 2 of the Philippine Mining Virtual Summit (17 March 2022), Atty Dennis A. Quintero of the Quisumbing Torres Law Office was one of the presenters. Atty Quintero gave a comprehensi...

Photo credit: Celsius Resources Celsius Resources is pleased to announce that the Philippine Mines and Geosciences Bureau (MGB) has granted a six month extension to the exploration permit for the Sagay Copper-Gold Project, extending the permit term up to February 2024. The Sagay Project is held under Celsius’ Philippine subsidiary Tambuli Mining Com...

Photo credit: Celsius Resources We are pleased to announce we have received outstanding large scale and high-grade assay results from the ongoing drilling program at our flagship MCB copper-gold project, held under our Philippine subsidiary Makilala Mining Company, Inc. (“MMCI”).  Highlights Intersection of 611.4m @ 1.39% copper and 0.75g/t go...

Philippine Resources Journal congratulates our very own columnist, Atty Fernando “Ronnie” S. Penarroyo, for his recent appointment as the new Chairperson for the Professional Regulatory Board for Geology (PRB Geology). For several years now, Atty Penarroyo has been one of the main contributors in our publication. He specializes in Energy and Resources ...

Photo credit: Celsius Resources Celsius Resources is pleased to announce it has received results from 3 drill holes confirming shallow extensions to the large-scale copper mineralisation previously discovered at its Sagay Project held under its Philippine subsidiary Tambuli Mining Company, Inc. “The copper mineralisation covers a huge area at Saga...

The Philippines has withdrawn from the Extractive Industries Transparency Initiative (EITI) on the back of questionable metrics and procedures for assessing the compliance of implementing-countries with the international organization’s transparency requirements. In a June 20, 2022 letter addressed to EITI chairman and former New Zealand prime minister ...

Photo by Roel N. Catoto Instead of increasing taxes on mining, President-elect Ferdinand “Bongbong” Marcos Jr. on Monday said he is eyeing the collection of value-added taxes (VAT) from the export of partially-processed ore. “What we would like to do is encourage that the value added [taxes] to the raw ore stay in the Philippines as much as possible...

Photo:  Albay Governor-elect Noel Rosal said part of the agenda of his incoming administration is to look at and monitor the accomplishments in the rehabilitation of mining sites to make sure these are safe and beneficial to the surrounding communities. In an interview on Wednesday, he said once he assumes the post, the provincial government of Alba...

Photo: South Cotabato Gov. Reynaldo Tamayo Jr. Photo from the South Cotabato provincial government Facebook page South Cotabato Governor Reynaldo Tamayo Jr. has vetoed the amended Environment Code Ordinance that sought to lift the open-pit mining ban in the province. In a press conference Friday, Tamayo said he was quite surprised that the Sanggunia...