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 ...

OceanaGold Corporation today advises that the Philippine Government has renewed the Didipio Mine Financial or Technical Assistance Agreement (“FTAA”) for an additional 25-year period, beginning June 19, 2019. The renewed FTAA reflects similar financial terms and conditions while providing additional benefits to the regional communities and provinces that ...

The Philippine Nickel Industry Association (PNIA) is optimistic that the nickel sector’s resilient growth amidst the pandemic will continue to contribute greatly to the country’s economic recovery efforts. In 2020 PNIA members jointly spent over P167 million on their Social Development and Management Programs, P49 million on COVID assistance, and P532 ...

South Cotabato officials will take another look at the delayed USD5.9 billion copper and gold project of Sagittarius Mines Inc. (SMI) in Tampakan town in the wake of the government’s move to accelerate its operations amid the continuing coronavirus disease 2019 (Covid-19) pandemic. South Cotabato Governor Reynaldo Tamayo Jr. said on Monday they will ev...

The role of women in the mining industry is a daily reality that needs more awareness, sensitivity and acceptance. Last 30 April 2021, Philippine Nickel Industry Association presented their third episode of the Nickel Initiative Talks and Webinars Series with the title “Promoting Sustainable Development by Advancing the Role of Women in Mining”. 

The Philippine Mineral Reporting Code or the “Code” was created to set out minimum standards, recommendations and guidelines for Public Reporting in the Philippines of Exploration Results, Mineral Resources and Ore Reserves.

Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, has, after the completion of confirmatory drilling and related technical studies on the mining methodology and Tailings Storage Facility (TSF) No. 3, successfully identified from the end of 2022 additional mineable reserves in its Padcal Mine that are fea...

The Department of Environment and Natural Resources (DENR) is still studying the possible lifting of the ban on open-pit mining, Malacañang said on Thursday. Presidential Spokesperson Harry Roque clarified that Executive Order No. 130, signed by President Rodrigo Duterte on April 14, does not include a lifting of the ban on open-pit mining. EO 130, ...

- 12 May 2021- MGB Director,  Atty. Wilfredo G. Moncano, presented mining industry updates during a virtual meeting of the Philippine Mining and Exploration Association (PMEA). - Executive Order No. 130, Section 1 which is lifting of Section 4, EO No. 79 - The moratorium on mineral agreement. - Moncano announces new MGB Regional Directors

The Department of Environment and Natural Resources (DENR) is targeting to facilitate the continuity of mining exploration projects in the country, the Philippine News Agency reported June 9. A still-unnumbered and soon-to-be-published DENR Administrative Order (DAO) will provide guidelines for automatic renewal of the exploration period covering such ...

Philex Mining Corp. distributed noche buena packs to PWDs, senior citizens, and front liners the company’s host communities in Barangay Tabaan Norte in Tuba, and Barangay Gumatdang in Itogon, both in Benguet province. After mining firms heeded the government’s call last year to help ease the nation’s burdens from the Covid-19 pandemic, over a million f...