Photo credit: Global Ferronickel Holdings, Inc. The environmental management system of Ipilan Nickel Corporation (INC), the operating arm of Global Ferronickel Holdings, Inc. in Brooke’s Point, Palawan, has been recertified by Intertek last April 7, 2023 as conforming to the requirements of International Organization for Standardization (ISO) 14001:201...

Photo credit:  Integrated energy company Semirara Mining and Power Corporation (SMPC) recorded a 40-percent decline in consolidated net income from P15 billion to P9 billion mostly due to high-base effect, as the company posted its highest-ever quarterly bottom line during the same period last year. Consolidated topline contracted by 29% from P29.1 ...

Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, and a leader in right and principled mining, generated Php388 million Core Net Income and EBITDA of Php635 million for 1Q2023 against the backdrop of favorable gold prices and foreign exchange rates that kept them within safe margins as a continuation fro...

Photo: Company officials of the 2022 PMIEA recipients with DENR Secretary M.A. Yulo Loyzaga, Executive Secretary L.P. Bersamin, and COMP Vice Chairman Mr. G.H. Brimo Recipients of the 2022 Presidential Mineral Industry Environmental Award (PMIEA) represented by their company officials attended the Ceremonial Awarding held at the Bonifacio Hall of the M...

Photo Credit: Arrow Creatives State-run pension fund Government Service Insurance System (GSIS) has invested P1.46 billion in natural resources development company Nickel Asia Corp. The GSIS investment involved a purchase of a total of 233,558,653 common shares, done through a block sale approved by the Philippine Stock Exchange on April 12, 2023. ...

Photo credit: Benguet Corp Listed miner Benguet Corporation (BC) registered consolidated revenues of PHP4.03 billion in 2022, up by 5 percent from PHP3.84 billion in the previous year. In a statement issued on Monday, the company said its revenues were generated mainly from nickel, gold and lime sales. It sustained strong performance with operati...

Photo credit: Apex Mining Apex Mining Co., Inc. recorded a PHP 3.339 billion consolidated net income in 2022. Meanwhile, consolidated revenues reached Php10.310 billion. The consolidated revenues were up 39% YoY with gold accounting for Php9.854 billion and silver Php0.456 billion. Apex Mining’s consolidated net income increased 408% YoY. Total volu...

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (PSE: FNI) delivered resilient financial results and key operating achievements in 2022, with net income growing 9% to ₱2.2 billion and earnings before interest, taxes, depreciation, and amortization (EBITDA) margin expanding to 48% from 39% in the previous year. “Our perfor...

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), has just signed an Annual Purchase Agreement with Baosteel Resources International Co. Ltd. for the supply of 1.5 million WMT of nickel ore for the 2023 mining season. The nickel ore will be coming from FNI’s operating mines in Surigao del Norte and Palawan, operated by ...

Photo: Signing of Binding Deed and Agreement (Left to right: PMR Holding Corp. President Dan Chalmers, CLA Chairman and MMCI President Atty. Julito “Sarge” Sarmiento, Sodor, Inc. President Ms. Erika Chalmers, and CLA Executive Director and MMCI Country Operations Director, Peter Hume). Celsius Resources Limited  is pleased to announce that on 17 March ...

Photo credit: Marcelle Villegas Environment Secretary Antonia Loyzaga has underscored the need for the mining sector to prioritize actions to end gender inequality as part of the effort to promote responsible mining. In her keynote speech, Secretary Loyzaga underscored the need to ensure that women’s representation in the mining industry is meaningf...

Photo credit: Taganito Mining Natural resources development company Nickel Asia Corporation logged an attributable net income (net of minority interest) of P7.93 billion for 2022, an increase of 1.5 percent from the P7.81 billion it reported in 2021, based on its audited financial and operating results. Earnings before interest, tax, depreciation, a...

Photo: Participants from MGB Central and Regional Offices, JOGMEC, and JMEC capping off the seminar The Mines and Geosciences Bureau (MGB) and Japan Organization for Metals and Energy Security (JOGMEC) organized a Seminar on Environmental Cooperation last February 23, 2023 at Park Inn Radisson Hotel North EDSA, Quezon City. The seminar, which was at...

“The most critical metal required to drive the global electrification and demand for carbon-neutral economies is copper, simply because of its ability to conduct electricity.” ~ Douglas Kirwin

Taganito Mining Corporation (TMC), a subsidiary of natural resources development firm Nickel Asia Corp. (NAC), once again demonstrated its adherence to ESG (Environment, Social, and Governance) compliance by winning the major awards during the 68th Annual National Mine, Safety, and Environment Conference on Nov. 18, 2022.  TMC bagged the Presidential M...

Photo credit: Masbate Gold Project The Mines and Geosciences Bureau (MGB) reported Wednesday metallic mineral production value surged by 31.73 percent to PHP238.05 billion in 2022 from PHP180.71 billion the previous year. The growth was achieved despite the twin impact of the coronavirus disease 2019 (Covid-19) pandemic and the ongoing Russia-Ukrain...