The provincial government of Ilocos Norte has collected almost PHP56 million in quarry revenues as of end-August this year, the highest it has recorded so far. Last year, the provincial government’s quarry revenue is around PHP29.5 million. “We are grateful for the cooperation and high compliance of our quarry permittees in paying their dues to the ...
Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo expects that the partnership between Manila and Seoul on critical raw materials will boost the local electric vehicle (EV) industry. On the sidelines of the Philippines-Korea Business Forum here Monday, Rodolfo said the newly signed memorandum of understanding (MOU) will build a sta...
Orica, one of the world’s leading mining and infrastructure solutions providers is proud to be celebrating 150 years in operations Founded in June 1874, a small company named Jones, Scott and Company emerged to supply explosives to those who sought fortune in the Victorian goldfields in Australia. Quickly expanding, the company merged with Nobel Explos...
During a mining event, DENR Undersecretary Marilou G. Erni emphasized that in the 2023 World Risk Index, the Philippines was identified as the number one most disaster-prone country in the world. This ranking highlights the country's extreme vulnerability to natural hazards and the significant risks it faces from disasters such as typhoons, earthquakes, a...
by Rocky Dimaculangan VP and TSM National Coordinator Chamber of Mines of the Philippines The Chamber of Mines of the Philippines (COMP) has, for over a dozen years now, been encouraging its members not only to comply with the law – which should be part of their organizational ethos in the first place – but also to undertake voluntary initiatives that ...
In the northeastern tip of Mindanao lies one of the most significant industrial undertakings in the country: the Taganito HPAL Nickel Corporation (THPAL). Nestled in the town of Claver, Surigao del Norte, THPAL stands as a beacon of industrial progress and a testament to the Philippines’ growing role in the global supply chain of critical metals, particul...
Celsius Resources is pleased to announce that its Philippine affiliate, Makilala Mining Company, Inc, has been issued a Certification Precondition (“CP”) from the Philippine National Commission on Indigenous Peoples (“NCIP”) for its flagship Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB”). As the government agency mandated to protect the rights of ...
The early design stages are the best time to fully explore ground risks and focus teams on mitigation and intervention, before a project gets too far down the track. Doing this formally and methodically through the Potential Failure Mode Analysis (PFMA) framework offers best-case potential for project success. How PFMA works in Geotechnical Engineering...
Integrating new digital workflows New innovative technology used in mining is generating more detailed data than ever before. LiDAR scans of underground excavations create 3D, high resolution, georeferenced images of rockface. This information can be utilised to provide better grade control, cut costs, and increase productivity. However, mining organis...
Listed mining firm OceanaGold Philippines Inc. is expected to have higher gold and copper production in the second half of the year, its parent firm said. "So we see quarter three will be stronger than quarter two and quarter four will be stronger than quarter three," OceanaGold Corporation chief operating officer for Asia-Pacific Peter Sharpe said in ...
The consolidated net income of Apex Mining group (Apex Mining plus its subsidiaries) for the first half of 2024 reached P1.89 billion — P492.3 million (35%) higher than the same period in 2023 (P1.40 billion). The growth drivers are the surge in realized gold price, gold ounces sold and the depreciation of the peso against the dollar. Quarter on quarte...
Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported first half 2024 revenues of ₱3.079 billion, net income attributable to shareholders of ₱207.1 million, and earnings per share of ₱0.0404. “We finished the first half of the year with strong operational and cost performance,” FNI President Dante R. B...
Article by: Jake Tan, Product Manager, Fluke South East Asia Pte Ltd The Philippine mining industry, while rich with potential, faces ongoing challenges in operational safety and efficiency. With the landscape of mining continuously evolving through technological innovation, there is a significant shift towards enhancing not only productivity but also ...
In a significant development for the mining industry, the Philsaga Mining Corporation's Project Management and Mine Engineering Team recently conducted a site visit to the OceanaGold Didipio Mine. This visit, which took place last May 2024, was part of an initiative to enhance knowledge of international mining standards and best practices. The team, with ...
Listed natural resources development company Nickel Asia Corporation announced its unaudited financial and operating results for the six-month period ended June 30, 2024, with an attributable net income (net of minority interest) of P1.12 billion, lower than the P1.75 billion reported during the same period last year. Earnings before interest, taxes, d...
Integrated energy company Semirara Mining and Power Corporation (SMPC) posted a 41-percent drop in second-quarter earnings to slightly over P6.0 billion from P10.2 billion the previous year, as coal and electricity prices continued to subside from historic levels. “Despite our efforts to manage costs and improve operational efficiencies, the persistent...
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