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...

Photo credit: Mining Journal TVIRD acquires 100% of outstanding GRC shares for a total consideration of US$19 million Red 5 will retain a 3.25% NSR payable on gold sales from succeeding operations at Siana GRC assets include a state-of-the-art processing facility with a throughput capacity of 1.10 million tons per year as well as key infrastruct...

Photo credit: Marcventures Marcventures Holdings Inc. (MHI) consolidated income surged to P790.31M with a robust third quarter performance of Marcventures Mining and Development Corp (MMDC). Amid the unstable weather conditions on the first half of the year coupled with the difficulties brought by the pandemic, MHI’s net income rose to P790.31M on ...

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, recorded Q3 net income of P1.22B in 2021 against the P1.36B it posted during the same period last year. This brought total earnings for the first three quarters of the year to P1.86 billion, up 19.4% from the P1.56 billio...

Photo credit: Apex Mining Apex Mining Co., Inc (APX) wins three top awards in 2021’s edition of the prestigious Safest Mines Awards of the Presidential Mineral Industry Environmental Award: Safest Underground Mining Operation; Most Improved Safety Performance; and, Safety Exploration (Category A). Select employees of APX also garnered Best Personality ...

Photo: Engr. Valeroso receives the Safety Seal Certificate from DOLE Caraga RD Suyao Taganito Mining Corp. (TMC), subsidiary of Nickel Asia Corp. (NAC), has been awarded the government's safety seal certification, the first company to be bestowed the recognition in the province. The certification came after a validation and technical inspection by t...

Metallic mineral production value sustained growth at 22.34% from PhP99.03 billion in January to September 2020 to PhP121.16 billion in January to September 2021, a difference of PhP22.12 billion. The strong metal price coupled with the better mine production of nickel ore during the review period was the vital factor for this development. Prices of le...

Photo credit: Hinatuan Mining A grand slam win for a mining company simply means being the best in class in its responsible conduct of business; in its forest management and environment enhancement and protection; its social responsibility programs and in providing safety in the workplace and the communities. Hinatuan Mining Corp. (HMC), a subsidiar...

Photograph courtesy of Aboitiz Construction The Cebu-based construction firm Aboitiz Construction on Thursday said it has finished the construction work on the British firm’s CD Processing (CDP) Ltd. copper ore sorting and processing plant in Carmen Copper Corporation’s operations center in Toledo City. To manage mining wastes, the plant is seen to ...

The strategic plan to develop Bamboo has been in the portfolio of the Department of Trade and Industry (DTI) many years back. As a chief raw material source for the flourishing Philippine handicraft industry, the demand for Bamboo increased further over the years because of its emerging uses in construction, agriculture, and fisheries. Bamboo developme...

Photo credit: Masbate Gold Project The Department of Environment and Natural Resources - Mines and Geosciences Bureau (DENR-MGB) is proposing the implementation of a policy that allows only one operator per mining tenement in the country. Implementing such policy will help improve the execution of mining agreements and promote the holistic, harmonio...

Photo credit: Nickel Asia Corporation Facebook Page Nickel Asia Corporation recently announced its unaudited financial and operating results for the nine-month period ended September 30, 2021 with an attributable net income (net of minority interests) of P6.17 billion, 168% higher compared to the P2.30 billion achieved in the same period last year. Ear...