Celsius Resources is pleased to announce that its Philippine affiliate, Makilala Mining Company, Inc., has signed a binding term sheet with Maharlika Investment Corporation which outlines the key terms of a bridge loan facility of up to USD 76.4 million, to fund the Company’s flagship MCB Project. The Facility is intended to fully finance the updating ...

Philex Mining Corporation, added Php136 million core net income and Php 564 million EBITDA in 4Q2024 to the Php610 million core net income and Php1.418 billion EBITDA of the first nine months ended September 30, 2024. Full year 2024 reached core income at Php746 million and EBITDA at Php1.981 billion. Gold and copper prices were at relative higher levels ...

Listed natural resources development company Nickel Asia Corporation has announced its audited financial and operating results for the twelve-month period ended Dec. 31, 2024. NAC reported an attributable net income (net of minority interest) of P1.52 billion, including a P1.55 billion provision for its geothermal investment in Naujan, Oriental Mindoro...

Integrated energy company Semirara Mining and Power Corporation (SMPC) posted P19.6 billion in full year 2024 earnings, a 30-percent decline from P27.9 billion in 2023, as energy markets continued to normalize. “Despite price corrections, we focused on key factors within our control—maximizing production, achieving record-high coal shipments and power ...

The Japan Organization for Metals and Energy Security (JOGMEC) organized the ASEAN-JAPAN Mining Investment Seminar and Site Visit held last February 19-20, 2025 in Tokyo, Japan. The 2-day event aims to provide up-to-date information regarding ASEAN Member States’ legislations, regulations, including tax system and incentives, and promising projects fro...

The Philippine Extractive Industries Transparency Initiative (PH-EITI) spearheaded a side event at the 2025 Open Government Partnership (OGP) Asia-Pacific Regional Meeting, focusing on data interoperability and transparency in the extractive sector. Held on February 4-5, 2025, at the UP College of Law in Bonifacio Global City, Taguig, the event brought to...

Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo Loyzaga has signed a new department administrative order mandating mining companies to incorporate the United Nations’ 17 Sustainable Development Goals (UN SDGs) into their Social Development and Management Programs (SDMPs). SDMP is the five-year comprehensive plan requ...

The Department of Environment and Natural Resources (DENR), through the Mines and Geosciences Bureau (MGB), successfully conducted a “Stakeholders’ Consultation on the Proposed Amendments to DENR Administrative Order (DAO) No. 2010-21” on January 30, 2025, at SEDA Vertis North, Quezon City. The event gathered key stakeholders from the mining industry, gov...

The Department of Environment and Natural Resources (DENR) has issued a new directive mandating mining companies to strengthen their community development programs while addressing biodiversity loss. The administrative order issued by DENR Secretary Maria Antonia Yulo Loyzaga specifically mandates the mining sector to align the United Nations' 17 Susta...

In the dynamic landscape of the Philippine mining industry, Genluiching Mining Corporation (GMC) has emerged as a significant player since its inception. Founded on June 2012 by Mr. Jet P. Tupas, GMC has swiftly positioned itself as a robust contender within the sector, focusing on sustainable mining practices and community development. With interests spa...

Written by: ROGER KOO, FLUKE NETWORKS PRODUCT MANAGER, FLUKE SOUTH EAST ASIA PTE LTD AND MARK CONNELL, FLUKE CCTT FACILITAOR SOUTH PACIFIC, MEASUREMENT COMMUNICATION SOLUTIONS In the vast and rugged mining landscape, where operations stretch across thousands of kilometres in some of the most remote locations on Earth, connectivity is critical. From ens...

The Mines and Geosciences Bureau (MGB) participated in the Joint Consultation Meeting on High Conservation Value Area (HCVA) and Reference Ecosystem held at the MGB Multi-Purpose Hall, Diliman, Quezon City on January 23, 2025. The said meeting was also attended by representatives from the Ecosystems Research and Development Bureau (ERDB), Biodiversity Man...

A mining firm paid over PHP63.5 million in taxes and regulatory fees to the municipal government of Claver in Surigao del Norte, a local official said Tuesday. In a statement, Claver Mayor Georgia Gokiangkee recognized the Taganito Mining Corporation (TMC) as one of the local government unit’s (LGU) active development partners. The payment was made ...

Ipilan Nickel Corporation (INC), the operating arm in Palawan of diversified conglomerate Global Ferronickel Holdings Inc. (FNI), is off to a fast start in 2025 as it has begun shipment of nickel ore to China. MV Maple Unity left the INC anchorage area in Brooke’s Point last January 17, 2025, carrying 60,117 wet metric tons (WMT) of Ni 1.40 % medium-grade...

Semirara Mining and Power Corp. (SMPC), the country’s largest coal miner, continued to post record-high shipments for two straight years in 2024, with local and outbound shipments of 16.5 million metric tons (MT). SMPC reported Tuesday that coal shipments increased by 15.8 million MT in 2023. “For the third consecutive year, we have hit our maximum ...

Platinum Group Metals Corporation (PGMC), the operating arm in Surigao del Norte of conglomerate Global Ferronickel Holdings, Inc. (FNI), received the Presidential Mineral Industry Environmental Award (PMIEA) Platinum Achievement Award – Surface Mining Operation Category and was voted 1st Runner-Up in the Best Mining Forest Contest – Metallic Category at ...