Photo credit: Bilyonaryo DMCI Mining Corporation recorded a 14-percent increase in first-quarter core net income from P477 million to P543 million, its highest for any given quarter. Revenues grew faster at 25 percent from P1.1 billion to P1.4 billion owing to higher nickel ore shipments and favorable foreign exchange rates. Despite the depletion...

The metallic mineral production value kicked off the year with a 36.21% or PhP12.92 billion growth from PhP35.69 billion in Q1 2021 to PhP48.61 billion in Q1 2022. Once again the bullish metal price during the period pushed the industry to this optimistic performance, coupled with the increase in the mine production of gold, silver, and copper. Among t...

Photo credit: Celsius Resources Celsius Resources is pleased to announce its Philippine subsidiary Makilala Mining Company, Inc. has received further positive assay results from the ongoing drilling program at its flagship MCB copper-gold project. The results have confirmed and expanded a number of high-grade intercepts which are an important part o...

Photo: South Cotabato Gov. Reynaldo Tamayo Jr. Photo from the South Cotabato provincial government Facebook page The South Cotabato government has created a Technical Working Group (TWG) to study the Sangguniang Panlalawigan's (SP) amendment to the province's environment code that lifted the open-pit mining ban. In an interview Friday, South Cotabat...

Photo credit: Sagittarius Mines Inc. Senator Francis Tolentino said the Tampakan copper-gold project being pushed to resume by Sagittarius Mines Inc. (SMI) in Tampakan, South Cotabato will be beneficial to local residents. Tolentino said on Thursday the Tampakan copper-gold project will be "cost-effective" and safe. "Cost effective yung extractio...

Photo credit: Apex Mining On March 4, 2022, Department of Environment and Natural Resources (DENR) Acting Secretary Jim O. Sampulna signed the DENR Administrative Order (DAO) No. 2022-04 entitled “Enhancing Biodiversity Conservation and Protection in Mining Operations”.  The Biodiversity Management Bureau (BMB) and the Mines and Geosciences Bureau (...

Eleven of 15 members of the Sangguniang Panlalawigan of South Cotabato approved Monday the lifting of the ban on open-pit mining in Tampakan town. The copper and gold mine project in Tampakan is touted as the largest in Southeast Asia. (Photo courtesy of SP South Cotabato) The majority of the Sangguniang Panlalawigan (SP) members approved Monday the am...

Photo credit: Apex Mining Apex Mining Co., Inc. finished the first quarter of 2022 with consolidated revenues of P2.2 billion, a growth of 46.11% yoy. The growth comes from increased milling tonnage of 23.3% and increased gold grades of 19.7%, as well as, a 7% increase in selling prices. The ramp up in production volume is part of the planned increase ...

Nickel Asia Corporation recently announced its unaudited financial and operating results for the three-month period ended March 31, 2022 with an attributable net income (net of minority interest) of P1.05 billion, an 80% increase from P584 million net income reported during the same period last year. Earnings before interest, tax, depreciation and amortiz...

Photo credit: Bilyonaryo OceanaGold Corporation reported its financial and operational results for the quarter ended March 31, 2022. Details of the consolidated financial statements and the Management Discussion and Analysis are available on the Company’s website. Gerard Bond, President and CEO of OceanaGold, said “OceanaGold has started the year st...

Photo credit: Bilyonaryo Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) reported another record net income of Php1.22 billion for the first quarter of 2022 compared to the net income of Php420 million for the same period in 2021. Higher production and higher metal prices sustained the strong performance of Atlas Mining. The i...

Integrated energy company Semirara Mining and Power Corporation (SMPC) has completed its backfilling operations in Panian, once the largest open-pit mine in the Philippines. SMPC spent 11.5 million man-hours to fill the pit with over 452 million bank cubic meters (bcm) of earth material, which is enough to fill 217,000 Olympic-size swimming pools. “...

Photo:  Philex Mining Corporation (the “Company” or “Philex”), one of the oldest and largest gold and copper producers in Southeast Asia, and a leader in right and principled mining, generated Php676 million Core Net Income and EBITDA of Php1.182 billion for 1Q2022 due to higher operating revenues on account of higher sustaining Gold and Copper realize...

Photo credit: Global Ferronickel Holdings, Inc. Global Ferronickel Holdings, Inc. (FNI) is off to a strong start as Platinum Group Metals Corporation (PGMC) begins its shipment to customers in China with 53,700 WMT of low-grade nickel ore bound for Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTNICL). PGMC is the second-largest value exporte...

Photo: The Caraga Mineral Testing and Research Laboratory, the only mineral testing lab in the region, is expected to be fully operational by 2024. The facility is envisioned to provide highly equipped, accessible, and affordable analytical testing for mining companies in the region. (Photo courtesy of DOST Caraga Director Noel Ajoc) Despite being inau...

Photo: Negros Occidental Governor Eugenio Jose Lacson (2nd from right) and Mines and Geosciences Bureau-Western Regional Director Raul Laput (right) sign the memorandum of agreement for the transfer of functions on the processing and issuances of two mining documents to the provincial government. Witnessed by Provincial Administrator Rayfrando Diaz II (2n...