Photo credit: Bilyonaryo  Mr. Felipe U. Yap, Chairman and CEO of Manila Mining Corporation (“MMC”), is pleased to announce the exciting and economically significant gold and copper exploration drilling results from four well-controlled, deep diamond core holes completed below MMC’s historical Ntina open pit gold mine. The drilling programme has been...

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in ferronickel ore mining and processing, logistics and port operations, and cement and steel production, recorded a net income of P2.13 billion in the nine-month period that ended September compared to the P1.86 billion it p...

Photo Credit: dmcihouse.net DMCI Mining Corporation saw its net income decline by 17 percent from P1.41 billion to P1.17 billion during the first nine months of the year owing to lower nickel ore shipments and average nickel grade sold. “We expected a severe profit decline because of the depletion of our Berong mine late last year. Fortunately, the ...

Developing the electric vehicle (EV) industry is opening new opportunities for the Philippine mining sector, a company executive said Wednesday.  In a media roundtable, DMCI Mining president Tulsi Das Reyes said the e-vehicle sector has provided new opportunities for the mining industry and his company is keen to take part in this development. He de...

Two Surigao del Norte-based affiliates of Nickel Asia Corp. (NAC) have been awardees of the prestigious Presidential Mineral Industry Environmental Award (PMIEA) for this year. In a statement Tuesday, NAC said Hinatuan Mining Corporation (HMC) in Taganaan town and Taganito Mining Corporation (TMC) in Claver town received the PMIEA at the 68th Annual Na...

Photo: President Ferdinand R. Marcos Jr. meets with Department of Environment and Natural Resources officials at Malacañan Palace on Tuesday (Nov. 22, 2022). Marcos directed the department to require small and large-scale mining firms to comply with policies that ensure safe working conditions for miners. (Photo courtesy of Malacañang) President Ferdin...

Photo credit: The US Trade and Development Agency During her recent travel to Manila, U.S. Vice President Kamala Harris launched a U.S. Trade and Development Agency grant to Eramen Minerals, Inc. (EMI), a Filipino mining company, for a feasibility study to advance the development of an environmentally sustainable nickel processing facility in the Phili...

Photo credit: Celsius Resources Limited Celsius Resources Limited is pleased to announce that one of its Philippine subsidiaries, Makilala Mining Company, Inc. (“MMCI”) has obtained the consent of the Balatoc Indigenous Cultural Community (ICC) for the development of the Company’s MaalinaoCaigutan-Biyog (MCB) Copper-Gold Project (“MCB” or “the Project”...

Photo credit: Apex Mining Apex Mining Co., Inc. is enjoying the fruits of its continuous expansion program with both the 3Q2022 and 9mo2022 results at an all-time high. Production for the 3Q2022 stood at 26,962 oz for gold and 100,899 oz for silver. The volume was 35% and 15% higher, respectively, than previous year’s production. The Maco mine mille...

Photo credit: DENR The Department of Environment and Natural Resources (DENR) said it shall boost the potential of the mining sector to support the country’s economic growth and development under the Marcos administration.  In the 48th Philippine Business Conference and Expo hosted by the Philippine Chamber of Commerce and Industry held on October 1...

Nickel Asia Corporation recently announced its unaudited financial and operating results for the nine-month period ended September 30, 2022, with an attributable net income (net of minority interest) of P6.90 billion, up 12 percent from the P6.17 billion reported during the same period last year. Earnings before interest, tax, depreciation, and amortizati...

Finance Secretary Benjamin Diokno has cited the importance of improving the inclusive and data-informed management of the extractive industries in driving long-term economic expansion as he cited its PHP363-billion contribution to government revenues from 2012 to 2019. “With the Marcos administration banking on the potential of the extractive sector to...

Photo credit: Celsius Resources Celsius Resources Limited is pleased to declare a maiden JORC compliant Mineral Resource for the Sagay (SGY) Copper-Gold Project (“Project”), held under its Philippine Subsidiary Company, Tambuli Mining Co., Inc (TMCI) and located at the Island of Negros in the Philippines. The latest results suggest that the SGY Projec...

Photo credit: Celsius Resources Celsius Resources is pleased to announce they have received further shallow and high-grade copper assay results from the ongoing drilling program at their flagship MCB copper-gold project, owned by its Philippine subsidiary Makilala Mining Company, Inc. (“MMCI”). The results continue to extend the envelope of the near...

Photo credit: Bilyonaryo Integrated energy company Semirara Mining and Power Corporation (SMPC) set a new profit record during the first nine months of the year, as its consolidated net income surged 250 percent from P10.3 billion to P36 billion—more than double (122%) its 2021 net income of P16.2 billion. Its exceptional performance was mainly due ...

Atty Ronald Recidoro, Executive Director at Chamber of Mines of the Philippines, described the new Unnumbered Bill in mining as “Killing the goose to get to the golden eggs”. He expressed his sentiments and professional insights regarding the new mining bill during the recent Philippine Mining & Exploration Association (PMEA) Monthly Membership Mee...