Photo credit: Abogado The Board of Directors of Philex Mining Corporation recently announced that the Company generated a quarter of lower but positive results. Philex recorded a Core Net Income of Php210 million for the quarter, from P716 million of same period in 3Q2021, mainly due to lower copper prices, ameliorated with favorable foreign exchange r...

Photo credit: DENR   The Department of Environment and Natural Resources (DENR) has partnered with the Department of Labor and Employment (DOLE) to create new job opportunities in the country, particularly in the environment sector. The partnership was formalized with the signing of a memorandum of agreement (MOA) between Environment Secretary Ma...

Photo credit: Atlas Consolidated Mining and Development Corporation Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) completed the third quarter of the year 2022 with a reported net income of Php3.069 billion compared to the net income of Php3.477 billion for same period in 2021. Stable production in the three quarters sustained t...

Bulacan Governor Daniel Fernando announces the temporary lifting of the suspension of mining and quarry operations in the province, during his meeting with the truckers association and those involved in the mining sector on Thursday (Oct. 20, 2022). He lifted the suspension as he released the new Implementing Rules and Regulations based on the environment...

Photo credit: Darren M Green / Shutterstock The Department of Environment and Natural Resources (DENR) is looking at the mining sector as one of the sources of the country's economic recovery as per the directive of President Ferdinand Marcos Jr. During a budget hearing of the Senate Committee on Finance on Tuesday, Secretary Toni Loyzaga said DENR ...

The Department of Environment and Natural Resources (DENR) spent the first 100 days under the new administration of President Ferdinand “Bongbong” Marcos Jr. pursuing sustainable management and development of the environment while creating "green" jobs and ensuring investments and revenue for the government. In an accomplishment report dated Sept. 29, ...

Photo Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in nickel ore mining, logistics, cement and steel production, and port operations, on Friday signed the definitive agreement giving it a pivotal 20% stake in Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTN) through the purchase of shares in GHGC Hol...

Photo: Ceremonial turn-over of DMPF requirements to the Mines and Geosciences Bureau-Cordillera Administrative Region (MGB-CAR). In photo, left to right: MMCI Monitoring and Evaluation Supervisor Anne Zee Luz Laguerder; CLA Executive Director and MMCI Country Operations Director Peter Hume; MGB-CAR Regional Director Fay W. Apil; MGB Mine Management Divisi...

Photo credit: PH-EITI The Philippine Extractive Industries Transparency Initiative (PH-EITI) convened its first Multi-Stakeholder Group (MSG) meeting under the Marcos administration on Friday (September 16), two weeks after the country reaffirmed its commitment to implement the EITI. EITI is the global standard for transparency and accountability in...

Photo credit: EITI / CC BY-SA The Marcos administration demonstrated its commitment to pursue transparency in natural resource governance by rejoining the Extractive Industries Transparency Initiative (EITI) and enabling the continued development of the mining sector. In a letter to EITI Chair and former New Zealand Prime Minister Helen Clark, Finan...

Socioeconomic Planning Secretary Arsenio Balisacan joins the panel discussion of the Philippine economic briefing in New York on Sept. 22, 2022. Balisacan cited the economic growth drivers in the country which include agriculture and mining. (Screenshot from Bangko Sentral ng Pilipinas Facebook page) Socioeconomic Planning Secretary Arsenio Balisacan o...

Photo credit: Global Ferronickel Holdings Ipilan Nickel Corporation (INC), an affiliate of Global Ferronickel Holdings, Inc. (FNI), announces the successful completion of its maiden shipment of ore today from its mine site in Brooke’s Point, Palawan. With 54,700 Wet Metric Tons of medium-grade nickel ore loaded aboard M/V He Sheng Nan Fang, INC declare...

Photo: The participants during the mine visit in Agata Mining Ventures, Inc. The Mines and Geosciences Bureau (MGB) and the Biodiversity Management Bureau (BMB) of the Department of Environment and Natural Resources (DENR) recently conducted its first leg of orientation for DENR Mindanao Cluster on DENR Administrative Order (DAO) No. 2022-04 re: Enhanc...

In relation to a webinar hosted by the Philippines-Australia Business Council (PABC) last 18 July 2022, regarding the ASEAN Australia New Zealand Free Trade Agreement and the Regional Comprehensive Economic Partnership, the Australian Embassy in the Philippine expressed their further support for Philippine’s economic sector through ASEAN last August. T...

How can the ASEAN-AU NZ Free Trade Agreement help the Philippines? Will their initiative and strategies for open economy help various Philippine industries like mining, construction, agriculture, transportation, telecommunications, and others? Last 18 July 2022, the Philippines Australia Business Council (PABC) in partnership with the Australia Philipp...

Photo credit: The Chamber of Mines of the Philippines The Chamber of Mines of the Philippines (CoMP) expressed concern over a proposed tax measure that may push back recent gains of the mining sector and deter prospective investments to the sector. The bill passed by the House committee on ways and means proposes the imposition of a royalty tax of 5...