Silangan Mindanao Mining Co., Inc., a wholly owned subsidiary of Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, signed a Deed of Accession for additional US$70 million with Additional Lenders who syndicated the credit facility, in simple ceremonies in Makati City. Present during the signing of the ...

Integrated energy company Semirara Mining and Power Corporation (SMPC) posted P27.9 billion in consolidated net income in 2023, a 30-percent drop from P39.9 billion the previous year but still the second highest in its history. All-time high coal shipments and record electricity sales softened the impact of weaker selling prices for both coal and elect...

The Chamber of Mines of the Philippines (COMP) said its 19 member-companies will fully implement the Towards Sustainable Mining (TSM) initiative, a global environmental, social, and corporate governance performance measurement standard.  In a statement over the weekend, COMP said TSM is a set of tools and indicators to ensure that key mining risks are ...

As part of the Memorandum of Understanding between the Japan Organization for Metals and Energy Security, formerly Japan Oil, Gas and Metals National Corporation (JOGMEC), and the Mines and Geosciences Bureau (MGB), an On-the-Job Training Course on Environmental Protection and Rehabilitation was conducted at the abandoned mine site of Barlo Mine located i...

Celsius Resources Limited is pleased to announce an updated JORC compliant Mineral Resource estimate (“MRE”) for the Sagay Copper Project (“Sagay” or “Project”), held under its Philippine Subsidiary, Tambuli Mining Company, Inc (“TMCI”) and located at the Island of Negros in the Philippines. The update to the MRE at Sagay is largely based on the result...

Celsius Resources Limited is well-positioned to capitalise on the burgeoning copper market, financial services company WH Ireland has revealed in a research note. Subject to approvals and funding, WH Ireland believes the Company’s portfolio of advanced projects in the Philippines, near-term production potential, and favourable long-term outlook, presen...

The United States (US) government has offered its support to the Philippines in developing the country’s mineral processing and renewable energy (RE) sectors. US Under Secretary for Economic Growth, Energy, and the Environment Jose Fernandez said in an interview here Tuesday that the US government can help the Marcos administration to engage with count...

 The Canadian Chamber of Commerce of the Philippines hosted an online Business Briefing on Jan. 25, 2024, Thursday. This is the first of their series for the year with the title "Mining: Update on Major Issues". CanCham President, Julian H. Payne hosted the online event along with CanCham's Assistant Corporate Secretary, Maria Rowena Gempesaw-Cuyno, wi...

Integrated energy company Semirara Mining and Power Corporation (SMPC) achieved a record-breaking coal sales volume of 15.8 million metric tons (MT) in 2023, marking a 6-percent increase from the previous year. The growth was largely fueled by a 13 percent rise in export sales, which surged from 7.1 million MT to 8.1 million MT. In contrast, domestic s...

Global Ferronickel Holdings, Inc. announced recently that its subsidiaries, Platinum Group Metals Corporation (PGMC) and Ipilan Nickel Corporation (Ipilan), have signed an annual sale and purchase agreement with Baosteel Resources International Co., Ltd. (Baosteel). Under the agreement, Baosteel would purchase up to 1.5 million wet metric tons (WMT) of...

Celsius Resources is pleased to announce that its Philippine subsidiary, Tambuli Mining Company, Inc. (TMCI), has applied for a Declaration of Mining Project Feasibility (“DMPF”) for its Sagay Copper-Gold Project in the island of Negros. The said application proclaims the presence of minerals in the area applied for, which are recoverable by socially a...

From a PHP100,000 seed capital, a group of village residents in the mining town of Claver, Surigao del Norte, managed to grow their community-based venture into a multimillion business that now operates a pharmacy, microlending, hardware and grocery store. PRIME (Panaghiusa, Reporma, Inisyatibo Magpalambo sa Ekonomiya) is one of the 24 "success stories...

QES Technology Philippines, Inc. actively participated at this year’s industry events, which exemplifies their dedication to the advancement of the mining sector. The company took part in the Mining Philippines International Conference and Exhibit, a prestigious gathering organized by the Chamber of Mines of the Philippines, Inc., last September 19-20 at ...

Underground mining operations demand robust and efficient machinery to ensure smooth and productive haulage. Epiroc’s Minetruck MT2200, a high-capacity truck designed to take on the toughest challenges from the depths of the earth, is revolutionizing the mining industry. Building upon the success of its predecessor, the Minetruck MT2010, this powerful wor...

The mining industry has long been a significant contributor to various economies globally, and the need for minerals continues to grow. However, the industry is facing various challenges that are slowing down its growth, with finance and environmental sustainability topping the list. Mineral mining companies require significant capital investment, and the...

As the Philippines’ leading government agency for mining and geosciences, the Mines and Geosciences Bureau (MGB) joined in the 9th ASEAN Ministerial Meeting on Minerals (AMMin) and 23rd ASEAN Senior Officials on Minerals Meeting (ASOMM) that took place in Phnom Penh, Cambodia from November 21 to 23 under the theme "Advancing ASEAN as a Sustainable Mineral...