Global Ferronickel Holdings, Inc. announced recently that its subsidiaries, Platinum Group Metals Corporation (PGMC) and Ipilan Nickel Corporation (Ipilan), have signed an annual sale and purchase agreement with Baosteel Resources International Co., Ltd. (Baosteel). Under the agreement, Baosteel would purchase up to 1.5 million wet metric tons (WMT) of...

Celsius Resources is pleased to announce that its Philippine subsidiary, Tambuli Mining Company, Inc. (TMCI), has applied for a Declaration of Mining Project Feasibility (“DMPF”) for its Sagay Copper-Gold Project in the island of Negros. The said application proclaims the presence of minerals in the area applied for, which are recoverable by socially a...

From a PHP100,000 seed capital, a group of village residents in the mining town of Claver, Surigao del Norte, managed to grow their community-based venture into a multimillion business that now operates a pharmacy, microlending, hardware and grocery store. PRIME (Panaghiusa, Reporma, Inisyatibo Magpalambo sa Ekonomiya) is one of the 24 "success stories...

QES Technology Philippines, Inc. actively participated at this year’s industry events, which exemplifies their dedication to the advancement of the mining sector. The company took part in the Mining Philippines International Conference and Exhibit, a prestigious gathering organized by the Chamber of Mines of the Philippines, Inc., last September 19-20 at ...

Underground mining operations demand robust and efficient machinery to ensure smooth and productive haulage. Epiroc’s Minetruck MT2200, a high-capacity truck designed to take on the toughest challenges from the depths of the earth, is revolutionizing the mining industry. Building upon the success of its predecessor, the Minetruck MT2010, this powerful wor...

The mining industry has long been a significant contributor to various economies globally, and the need for minerals continues to grow. However, the industry is facing various challenges that are slowing down its growth, with finance and environmental sustainability topping the list. Mineral mining companies require significant capital investment, and the...

As the Philippines’ leading government agency for mining and geosciences, the Mines and Geosciences Bureau (MGB) joined in the 9th ASEAN Ministerial Meeting on Minerals (AMMin) and 23rd ASEAN Senior Officials on Minerals Meeting (ASOMM) that took place in Phnom Penh, Cambodia from November 21 to 23 under the theme "Advancing ASEAN as a Sustainable Mineral...

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 ...