Search Results: 2023

Photo credit: The Department of Public Works and Highways Progress of the Panguil Bay Bridge Project, the longest water-spanning bridge in Northern Mindanao, is now more visible at 63 percent complete as the Department of Public Works and Highways (DPWH) has started constructing the bridge top slab on both ends in Tangub, Misamis Occidental and Tubod, ...

Photo credit: Taganito Mining Natural resources development company Nickel Asia Corporation logged an attributable net income (net of minority interest) of P7.93 billion for 2022, an increase of 1.5 percent from the P7.81 billion it reported in 2021, based on its audited financial and operating results. Earnings before interest, tax, depreciation, a...

Photo: Participants from MGB Central and Regional Offices, JOGMEC, and JMEC capping off the seminar The Mines and Geosciences Bureau (MGB) and Japan Organization for Metals and Energy Security (JOGMEC) organized a Seminar on Environmental Cooperation last February 23, 2023 at Park Inn Radisson Hotel North EDSA, Quezon City. The seminar, which was at...

Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) announced that preparatory survey of the proposed Dalton Pass East Alternative Road Project is on-going and target for completion by third quarter of 2023. A kick-off meeting between DPWH Secretary Manuel M. Bonoan with Senior Undersecretary...

“The most critical metal required to drive the global electrification and demand for carbon-neutral economies is copper, simply because of its ability to conduct electricity.” ~ Douglas Kirwin

The year 2022 saw a myriad of challenges as the Russian war on Ukraine, inflation, market volatility, food shortages, rising energy prices, and lingering pandemic impacts continue to shape global markets. The early part of last year was a robust period for the metals and mining sector. The industry was buoyed by record high prices for some commodities, su...

Commentary by: Mr. Francisco “Jun” Delfin Mr. Francisco “Jun” Delfin is Vice President & COO of PetroGreen Energy Corp. (PGEC) and President of Maibarara Geothermal Inc. (MGI), subsidiaries of publicly-listed and Yuchengco Group of Companies (YGC) affiliate PetroEnergy Resources Corp.  He is a geologist with a PhD in public administration from the ...

Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) met anew with the Asian Development Bank (ADB) mission to plan and assess the way forward for the realization of Laguna Lakeshore Road Network (LLRN) Project – Phase 1 after the detailed engineering design. DPWH Secretary Manuel M. Bonoan, Se...

Photo credit: The Department of Public Works and Highways Motorists may soon enjoy seamless access from North Luzon Expressway (NLEX) to España Boulevard in Manila City with the completion of the Section 1 of NLEX-SLEX Connector Road. Department of Public Works and Highways (DPWH) Secretary Manuel M. Bonoan and Department of Transportation (DOTr) Se...

Photo: NLEX-SLEX Connector Road Project The Department of Public Works and Highways (DPWH) will receive over PHP495 million for the acquisition of right-of-way for the NLEX-SLEX Connector Road Project (NSCRP), the Department of Budget and Management (DBM) announced Tuesday. This, after DBM Secretary Amenah Pangandaman approved the Special Allotment ...

Delfin Lorenzana, chairperson of the Bases Conversion and Development Authority delivers his message during the BCDA Fellowship for Central Luzon Media at Hilton Clark Sun Valley Resort in Clark, Pampanga province on Tuesday (Feb. 28, 2023). Lorenzana calls on all sectors to unite for the progress and development of New Clark City as well as nearby areas ...

Photo credit: Celsius Resources Highlights Assay results from three additional drill holes have all confirmed further extensions to the shallow, high-grade copper mineralisation at MCB.   Assay result highlights include: 51.3m @ 0.93% copper and 0.06g/t gold from 7.7m in drill hole MCB-042   101.5m @ 0.90% copper and 0.18g/t gold ...

Photo credit: Bilyonaryo Integrated energy company Semirara Mining and Power Corporation (SMPC) ended 2022 with a consolidated net income of P39.9 billion, more than double (146%) its previous-year all-time high of P16.2 billion. Robust domestic coal shipments and higher spot electricity sales, along with elevated market prices account for the recor...

Photo credit: Bilyonaryo - Philex Mining Corporation  Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, and an advocate of right and principled mining, announced the completion of its financial results for Y2022. The Company added Php190 million Core Net Income in 4Q2022 to the Php1.543 billion cor...

Photo credit: OceanaGold OceanaGold Corporation reported its financial and operational results for the three months and full year ended December 31, 2022.  Gerard Bond, President and CEO of OceanaGold said, "2022 was a successful year on multiple fronts for OceanaGold. We achieved record low safety outcomes, outperformed at Haile, returned Didipio t...

Photo credit: TVI-Agata's nickel DSO process To paraphrase a popular mining saying, “They are making a ton of money and the Philippines is not getting a nickel.” The Philippines needs to maximize revenue from its nickel mining operations. Further up, the mining value chain presents more opportunities for the country to realize the contribution of minin...

Photo credit: Global Ferronickel Holdings The Mines and Geosciences Bureau (MGB) has clarified that the Mineral Production Sharing Agreement (MPSA No. 017-93-IV) between the Philippine government and Ipilan Nickel Corporation (INC) remains in force and valid until 10 April 2025. This allows INC, a subsidiary of diversified conglomerate Global Ferronick...

Photo: Participants of the Consultation Meeting for the Implementation of DAO No. 2022-04 The Mines and Geosciences Bureau (MGB) and the Biodiversity Management Bureau (BMB) of the Department of Environment and Natural Resources (DENR), together with the DENR Global Environment Facility / United Nations Development Program Biodiversity (UNDP-BD) Corrid...