Philex Mining Corporation generated Php200 million core net income and an EBITDA of Php506 million for 3Q2024 compared with the Php163 million core net income and EBITDA of Php337 million for the same period in 2023. This brings a total of Php610 million core net income and a total EBITDA of Php1.418 billion for the first nine months of 2024 compared with...

Global Ferronickel Holdings, Inc. a leading nickel ore producer in the Philippines, reported revenues of ₱5.732 billion, net income attributable to shareholders of ₱502.6 million, and earnings per share of ₱0.0981 for the first nine months of 2024. “We continue to focus on operating efficiently and managing cost, while building and keeping momentum,” F...

The TVI Resource Development Philippines Inc. (TVIRD) Group of Companies continues to push the standard for occupational safety and health within the Philippine mining industry through is parallel victories in the regional leg of the coveted Gawad Kaligtasan at Kalusugan (GKK) Award. The company’s Balabag Gold-Silver Project in Zamboanga del Sur, along...

Integrated energy company Semirara Mining and Power Corporation (SMPC) reported an 8-percent drop in third-quarter earnings to P3.1 billion, from P3.4 billion in the same period last year, primarily due to reduced contribution from the coal segment amid stabilizing market indices. “As anticipated, stabilizing market prices exerted pressure on our margi...

During a mid-year mining event by the Philippine Mining Club, guest speaker, Dante R. Bravo, discussed the Philippine mining industry’s growth, particularly nickel, amidst global trends on green technologies. Bravo is a member of the Board of Trustee of the Chamber of Mines of the Philippines and President of the Philippine Nickel Industry Association, In...

On October 7th, Philippine Mining and Exploration Association (PMEA) President, Joey Nelson R. Ayson, reported PMEA Matters and Industry Updates during the association's Monthly Membership Meeting in Makati.

An Executive Order (E.O.) that will define and establish a policy on mining royalty is being drafted by the Department of Environment and Natural Resources (DENR), to be passed for approval by Malacañang. At a recent Mining Philippines event, Digging Deeper: A Mining Policy Forum, Prof. Carlos Primo David, DENR Undersecretary for Integrated Sciences, s...

Last Oct. 7th, the Philippine Mining and Exploration Association’s (PMEA) Monthly Membership Meeting had a full house as members were eager to meet and welcome the newest, concurrent OIC Director of MGB, Engr. Michael V. Cabalda. He is also the Assistant Secretary for Mining Concerns, Mines and Geosciences Bureau, DENR.

The Philippine Nickel Industry Association (PNIA) has announced a PHP 4.3 billion investment from its members for 2023, aimed at advancing key Sustainable Development Goals (SDGs) that foster community development and resilience through their Environmental Enhancement and Protection, Social Development and Management, and Corporate Social Responsibility P...

President Ferdinand R. Marcos Jr. on Wednesday renewed his call for the passage of the proposed measure on the rationalization of the Philippine mining regime to ensure a sustainable and vibrant mining industry. Speaking at the 2023 Philippine Mineral Industry Environmental Award (PMIEA) in Malacañan Palace, Marcos said the bill on the Rationalization ...

The government is currently pushing for several reforms that will streamline the mining application process in the country, officials said on Thursday. Department of Environment and Natural Resources (DENR) Undersecretary for Integrated Sciences Carlos Primo David during a forum organized by the Chamber of Mines of the Philippines (COMP) said the DENR ...

The Philippines showed its commitment to sustainable mineral development during the 12th Joint Working Groups Meeting of the ASEAN Minerals Cooperation (ASOMM) held from August 13 to 15, 2024, in Jakarta, Indonesia. Led by Engr. Teodorico A. Sandoval, Assistant Director of the Mines and Geosciences Bureau (MGB), the Philippine delegation actively took ...

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...