Photo credit: TVIRD - TVIRD’s field office and processing plant sit at the crest of Balabag Hill – which provides a good vantage point for monitoring its mining operations and progressive rehabilitation as well as a proper slope for directing effluents to its tailings storage and impoundment facility down below. Mining stakeholders of this town are jub...

TVI Pacific Inc. is pleased to announce that gold production has commenced at the Balabag gold and silver project ("Balabag"). Balabag is owned 100% by TVI Resource Development Phils., Inc. ("TVIRD"), a Philippines corporation in which TVI holds a 30.66% interest, and is located in Zamboanga del Sur, Philippines.    First Gold Production at Balabag Gol...

Photo credit: OceanaGold Scott Sullivan, Chief Operating Officer and Acting Chief Executive Officer of OceanaGold said, “The recommencement of Didipio operations is progressing ahead of plan. The recruitment of the workforce is ahead of schedule as we expect approximately 65% of the total workforce to be in place by the end of the third quarter and app...

Photo credit: GlobalData Global nickel mine production is expected to grow by 6.8% to reach 2,427.4 thousand tonnes (kt) in 2021, after registering an estimated 4.2% decline to 2,272kt in 2020, owing to COVID-19-related lockdowns and restrictions, says GlobalData. The leading data and analytics company notes that output from Indonesia (+16.3%), the Phi...

 Metallic mineral production value advanced by 24.50% or PHP13.50 billion in H1 2021 from PhP55.13 billion to PhP68.63 billion, year-on-year. The telling factor for this sterling performance was the continued strong metal prices during the period. Prices of base metals, copper, and nickel grew by 65% and 40%, respectively. Likewise precious metals, gol...

​ Making good its promise to take drastic action against illegal settlers in the mineral-rich Barangay Runruno in the town of Quezon, Nueva Vizcaya, the Mines and Geosciences Bureau (MGB) has led an operation leading to the dismantling and confiscation of illegally operating ball-mills, a device used by traditional miners to process gold ore. “The o...

A month after Australian-Canadian miner OceanaGold Corporation (OGC) announced that the company hurdled a breakthrough after more than two years of operational stand-by in Didipio, jobseekers virtually flocked to the company’s local social media page. Didipio mine is OGC’s major asset in the Philippines located 364 kilometres north of Manila. It is und...

Photo Credit: Carmen Copper - With its health and safety protocols already in place, Carmen Copper Corporations was able to maintain full operations throughout 2020. While millions of jobs were lost last year across most sectors following the lockdowns put in place to contain the Covid-19 pandemic, employment in the Philippine mining industry remains l...

DMCI Mining shipped 1.24 million wet metric tons (WMT) of nickel ore from January to June, an all-time high for the company and 45 percent higher compared to the 853,000 MWT shipped during the same period last year. Of the total shipments, 718,000 WMT came from Berong Nickel Corporation (BNC) while Zambales Diversified Metals Corporation (ZDMC) contrib...

Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, recorded H1 net income of P640.8 million against the P195.8 million it posted during the same period last year. Revenues are up by 68.9% to P2.61 billion compared to P1.54 billion during the same period last year mainly due to higher nickel ore prices and increased ...

Nickel Asia Corporation announced its unaudited financial and operating results for the six-month period ended June 30, 2021 with an attributable net income (net of minority interest) of P2.73 billion, a 579% increase from P401.4 million reported during the same period last year. Earnings before interest, tax, depreciation, and amortization (EBITDA) amoun...

OceanaGold Corporation reported its financial and operational results for the quarter ended June 30, 2021. Michael Holmes, President and CEO of OceanaGold said, “I am very pleased with the operational and financial performance of the business in the second quarter 2021. Haile delivered a record quarter of gold production and is well on-track to deliver on...

Albay Rep. Joey Sarte Salceda has called for the passage of the proposed fiscal regime for the mining industry, saying the industry is a potential job creator in the post-COVID future. Salceda, chairman of the House committee on ways and means, emphasized the natural wealth potential of the Philippines, but observed "key deficiencies in the country’s e...

Photo Credit: Redjie Melvic Cawis Philex Mining Corporation announced that the Company achieved another new high in its revenues and core net income for 2Q2021. Philex recorded a Core Net Income of Php610 million for the 2nd quarter. In addition to the Php540 million core net income it already recorded in 1Q2021, Philex registered a new high core net i...

Photo Credit: Delta Earth Moving Binding Agreement to divest the Siana Gold Project to TVI Resource Development (Phils.) Inc. • US$19 million cash payable upon completion • Net Smelter Return royalty of 3.25% payable for up to 619,000 ounces of gold, with an estimated future face value of US$36 million (based on a US$1,800/oz gold price) (Royal...

Atlas Consolidated Mining and Development Corporation ("Atlas Mining") reported net income on Php1.94 billion for the first half of 2021 compared to the net loss of Php190 million for the same period in 2020. Net income improvement benefitted from higher metal prices and improved production and shipment volumes in the second quarter. Metal prices rose ...