Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported revenues of ₱8.8 billion in 2023, operating income of ₱2.8 billion, net income attributable to shareholders of ₱1.5 billion, and earnings per share (EPS) of ₱0.3022. The 30.5% year-over-year increase in revenues to ₱8.8 billion was largely driven by...

Celsius Resources Limited (“CLA”, “Celsius” or the “Company”) is pleased to announce that its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI or the “Contractor”), has obtained a Mineral Production Sharing Agreement (“MPSA” or the “Agreement”) with the Philippine Government for its flagship Maalinao-Caigutan-Biyog Mining Project (“MCB” or the ...

Listed natural resources development firm Nickel Asia Corp. (NAC) (PSE: NIKL) recorded an attributable net income (net of minority interest) of P3.7 billion, down 53 percent from P7.9 billion year-on-year based on its audited financial and operating results for the twelve-month period ended December 31, 2023. This is on the back of lower nickel ore pri...

On Dec. 4, 2023, Philippine Mining & Exploration Association Inc. (PMEA) celebrated its 25th year anniversary and Silver Christmas Party at Misto 2 and Straight UP Bar at Seda Residences Makati. This is a milestone event for a mining group that, for more than two decades, has been fostering camaraderie and professional development among its members. T...

The technical personnel of the Mine Safety, Environment, and Social Development Division (MSESDD) of the Mines and Geosciences Bureau (MGB) organized the Social Development and Management Program (SDMP) Consultation Workshop on February 14-17, 2024 at Park Inn by Radisson North Avenue in Quezon City. The said workshop, under the guidance of DENR Unders...

The Department of Finance (DOF) said it is pushing for a simplified mining fiscal regime. In a statement on Wednesday, the DOF said the revised proposal for the Rationalization of the Mining Fiscal Regime proposes to impose a four-tier, margin-based royalty ranging from 1.5 percent to 5 percent on income from mining operations outside of mineral reserv...

Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, announced the completion of its financial results for FY2023. The Company added Php98 million core net income in 4Q2023 to the Php865 million core net income for the first nine months ended September 30, 2023, which registered the full year core net in...

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...