Photo credit: Bilyonaryo Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) reported net income of Php3.48 billion for the three quarters of 2021 compared to the net income of Php490 million for the same period in 2020. Higher metal prices and the stable production in the three quarters sustained the improvement in net income. Me...

In celebration of World Bamboo Day last September 18, The Philippine Mining Club presented a webinar/summit titled "Bamboo Economics and Initiatives to Re-Imagine Mining into Social Enterprises -- A Summit on Re-Imagining, Developing, and Sustaining Mining Communities in the Philippines with Bamboo."   The summit was a 5-hour online event that was ...

Despite the challenges posed by the Covid-19 pandemic, production and favorable metal prices for gold and copper have been sustained since 1Q2021. As a result, the Management and the Board of Directors of Philex Mining Corporation recently announced that the Company generated another quarter of positive results. Philex recorded a Core Net Income of Php716...

Photo credit: Oceanagold OceanaGold Corporation reported its financial and operational results for the quarter ended September 30, 2021. Details of the consolidated financial statements and the Management Discussion and Analysis are available on the Company’s website. Scott Sullivan, Chief Operating Officer & Acting CEO of OceanaGold said, “I am...

October is United Nations Month with its main celebration last 24 October 2021. In response to the United Nations Sustainable Development Goals (UNSDG), the Philippine Nickel Industry Association (PNIA) launched their first sustainability report to highlight the industry’s contribution and impact to local communities for 2020. They presented their report ...

TVI Pacific Inc. is pleased to announce the completion of a second shipment of gold doré from the Balabag gold and silver project. Balabag is owned 100% by TVI Resource Development Phils., Inc. a Philippines corporation in which TVI holds a 30.66% interest, and is located in Zamboanga del Sur, Philippines.  Continuing Gold Production at Balabag Gold-Si...

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 ...