Search Results: 2023

The Tampakan Copper Mine Project is one of the world’s largest underdeveloped copper and gold mining project located in the southernmost part of Mindanao. It is held under an FTAA agreement by Sagittarius Mines Inc. The project obtained an FTAA that expires in 2038, and renewable for another 25 years. Mr Roy Deveraturda is a retired Lieutenant General ...

The mantra of Taganito HPAL Nickel Corporation (THPAL) in its pursuit to protect and manage the areas around it is "adding value to the environment," as evidenced by its strict implementation of air, noise, and water quality monitoring. The company has successfully implemented an Integrated Farming System, which could be considered a best practice in t...

As proof of its investment in its employees, NAC-Taganito Mining Corporation (TMC) has obtained accreditation from the Professional Regulation Commission (PRC) as Continuing Professional Development (CPD) Provider allowing better access to training and development opportunities. The certification from the CPD Council of Mining Engineering was granted o...

Obtaining the approval and trust of indigenous people (IPs)/indigenous cultural communities (ICCs) is one of the biggest challenges faced by mining companies operating in areas forming part of their ancestral domains.  In line with the objective of Diwata-Women in Resource Development’s major advocacy of working with indigenous people, with a special e...

Department of Public Works and Highways (DPWH) Secretary Manuel M. Bonoan provided the updates of key infrastructure development projects in the Philippines under Official Development Assistance (ODA) of the Government of Japan in a bilateral discussion held at Meiji Kinenkan Chitose Hall in Tokyo, Japan. Secretary Bonoan together with Senior Undersecr...

The regulatory oversight of the mining sector is complex with multiple government administrative agencies and legislative bodies involved in the implementation and drafting of laws in relation to environmental, social, and governance matters. Through active monitoring and close coordination with the mine developer, government regulators can promote enviro...

Celebrating its 10th anniversary, the Philippine Extractive Industries Transparency Initiative (PH-EITI) epitomizes the nation's undying commitment to transparency and accountability within the realms of oil, gas, and mineral resource management. This beacon of transparency, adhering to the global standards set by the EITI, illuminates the Philippine gove...

It’s another productive day at Major Drilling. Rigs are humming both above and underground at projects in Canada, the United States, Mexico, South America, Asia, Africa, and Australia. It’s the sound of specialized drilling echoing the leadership of a management team who, with over 1,000 years of combined experience, ensures that quality, safety and resul...

Construction activities declined in the second quarter of the year, the Philippine Statistics Authority (PSA) reported on Wednesday. The PSA said the number of approved building permits declined by 14.9 percent to 36,136 from 42,478 in the same quarter last year. These permits are equivalent to 7.2 million square meters of floor area valued at PHP87...

The consolidated gross revenues of Apex Mining Co., Inc. and its subsidiaries in the first half of 2023 reached P5.7 billion —19% higher than the P4.8 billion it reported for the same period in 2022. Meanwhile, the consolidated net income in 1H 2023 was P1.4 billion (P168 million lower versus 1H of 2022). For 1H 2023, Apex Mining’s Maco Mine operations...

August 9, 2023 – Global Ferronickel Holdings, Inc. (PSE: FNI) reported consolidated revenues of ₱3.1 billion for the first six months of 2023, up 41.2% from ₱2.2 billion in the prior-year period. Strong volumes and higher-grade ores at Palawan mine were the main drivers of growth, partially offset by weaker prices and lower-than-average volumes at Surigao...

Integrated energy company Semirara Mining and Power Corporation (SMPC) reported P10.2 billion in net income in the second quarter, a 5-percent downtick from its record high of P10.8 billion last year. Despite significant corrections in global coal index prices and the impact of high base effect, SMPC delivered robust financial results because of higher...

Around 76 high-impact infrastructure flagship projects amounting to PHP2.4 billion will be pursued in Mindanao to boost economic development in the region. During the first Philippine Economic Briefing in Davao City on Wednesday, Finance Secretary Benjamin Diokno said some of the infrastructure projects aim to ease congestion and improve connectivity i...

A substantial portion of the proposed PHP214.3 billion budget of the Department of Transportation (DOTr) for 2024 will be earmarked for the implementation of the Marcos administration’s “Build Better More” infrastructure program, the Department of Budget and Management (DBM) said Thursday. In a statement, the DBM said a total of PHP176.4 billion of the...

Listed natural resources development firm Nickel Asia Corp. (NAC) (PSE: NIKL) announced its unaudited financial and operating results for the six-month period ended June 30, 2023. During the period, the Company recorded an attributable net income (net of minority interest) of P1.7 billion, down 55 percent from P3.8 billion year-on-year. Excluding th...

Sagittarius Mines Inc. (SMI), the developer of the Tampakan copper-gold project in Mindanao, said it is ready to start construction in the fourth quarter of the year. "SMI had secured all major approvals to develop and operate the Tampakan copper-gold project. We are ready to start construction in 2023 and produce our first copper concentrate in 2026,"...

The Department of Public Works and Highways (DPWH) was able to carry-out massive infrastructure development nationwide under the” Build Better More” Program in the first full year of President Ferdinand R. Marcos Jr. DPWH Secretary Manuel M. Bonoan discussed the administration’s infrastructure accomplishments at the Post-State of the Nation (SONA) Disc...

Philex Mining Corporation, is one of the oldest and largest gold and copper producers in Southeast Asia, and a leader in right and principled mining. The Company generated an additional of Php314 million in core net income for 2Q2023, reporting a 1H2023 core net income of Php702 million. EBITDA of Php553 million for 2Q2023 increased 1H2023 EBITDA to Php1....