The Department of Environment and Natural Resources (DENR) is set to revise guidelines for the Social Development and Management Programs (SDMP) of mining firms in the Philippines to align these with Sustainable Development Goals (SDGs) and guarantee enduring benefits for host communities, extending beyond the life of the mining operations. According t...

DMCI Mining Corp. is optimistic that its two new mine sites will start operations by the first half of 2024 and create additional employment in host areas.  DMCI Mining president Tulsi Das Reyes said the first mining site, located in its existing site in Zambales, will be operational in the first quarter of next year.  "Operations in the first quart...

Silangan Mindanao Mining Co., Inc., a wholly owned subsidiary of Philex Mining Corporation, signed a syndicated debt facility, led by BDO Capital and Investment Corporation, in simple ceremonies in Pasig City. Present during the signing of the Omnibus Loan and Security Agreement (OLSA) were the executives of the Company, led by its Chairman Manuel V. P...

Listed natural resources development firm Nickel Asia Corp. (NAC) (PSE: NIKL) announced its unaudited financial and operating results for the nine-month period ended September 30, 2023. During the period, the Company recorded an attributable net income (net of minority interest) of P3.6 billion, down 47 percent from P6.9 billion year-on-year. This is o...

The consolidated gross revenues for the nine months of 2023 (ending September 30) of Apex Mining Co., Inc. and its subsidiaries reached P8.7 billion — 17% higher than the P7.5 billion it reported for the same period in 2022. The consolidated net income, however, was lower by 6% at P2.3 billion compared to P2.5 billion as of 30 September 2022. Its Q3 2023 ...

Philex Mining Corporation (PSE: PX) (the “Company” or “Philex”), one of the oldest and largest gold and copper producers in Southeast Asia, and a leader in right and principled mining, posted a core net income of Php163 million for 3Q2023, reporting a 9M2023 core net income of Php864 million. Core net income for 3Q2022 was at Php210 million while core net...

An official of the National Commission on Indigenous Peoples (NCIP) on Wednesday said they are not opposed to mining projects and developments but only want to be consulted on all stages of a project. NCIP chairperson Jennifer Pia Sibug-Las, during the Community Relations (ComRel) Conference of the four-day Philippine Mine Safety and Environment Associ...

Governments and corporations around the world are taking serious steps in achieving the goal of net zero carbon emissions. During the keynote speech of former DENR Assistant Secretary, Mr Ricardo L. Calderon, he emphasized the connection between climate change, nature loss, and business. He also noted the role of forest conservation and restoration in ach...

The Mines and Geosciences Bureau (MGB) recorded 4,963 jobs generated through the mining industry in Ilocos Region in 2022. In a virtual press conference on Monday, MGB Regional Office No. 1 Mine Management division chief Engr. Renato Rimando said the industry in the region is robust as it continues to provide jobs and create wealth in terms of payment ...

Global Ferronickel Holdings, Inc. reported financial results for the nine months of 2023 with consolidated revenues of ₱6.8 billion, operating income of ₱1.8 billion, net income attributable to shareholders of ₱1.5 billion, and earnings per share of ₱0.3021. Consolidated revenues rose 33.1% year-over-year to ₱6.8 billion due mainly to increased volumes...

Representatives from Sandvik Mining and Rock Solutions (“Sandvik”) Sales Area South-East Asia (Territory Philippines-Indochina) recently visited Philsaga Mining Corporation (PMC) in Agusan del Sur. They were welcomed and given a tour around the site by Philsaga’s Mechanical Maintenance Engineer, Senior Project Engineer, and Project Manager who were in cha...

TVIRD’s Agata Nickel Laterite Project marks end of an era after 382 shipments and nine years of operation Agata Mining Ventures Inc. (AMVI), a joint venture nickel laterite project of TVI Resource Development Philippines Inc. (TVIRD) and MRL Nickel Philippines Inc., recently concluded its 382nd and final shipment of nickel ore onboard MV Haut Brion las...

Greenstone Resources Corporation (GRC), a wholly-owned subsidiary of TVI Resource Development Philippines Inc. (TVIRD), received an official visit from His Excellency David Bruce Hartman, Ambassador of Canada to the Philippines at its Siana Gold MIne (Siana) in Tubod Municipality, Surigao del Norte Province.  Upon the invitation of TVIRD Chairman Clifford...

Integrated energy company Semirara Mining and Power Corporation (SMPC) recorded a 37-percent drop in net income in the first nine months of the year from P35.9 billion to P22.6 billion. The marked decline was mainly due to lower coal shipments and selling prices. “The third quarter is always a slow period for us in terms of production and demand becaus...

Celsius Resources has completed a program of 12 shallow diamond drill holes to test the extents of oxide copper mineralisation from Nabiga-a Hill at the Sagay Copper-Gold Project. Highlights from the drilling program include: 69.3m @ 0.56% copper from 10.7m down hole from SGY-040, including 21.3m @ 1.23% copper from 15m down hole.   ...

The Philippines wants to craft a national strategy that would deal with the exploration and exploitation of deep-sea mineral resources in the future, the Department of Foreign Affairs (DFA) said Monday. The Philippines, together with Jamaica-based International Seabed Authority (ISA), is hosting a two-day national capacity development workshop on deep-...