Search Results: 2023

Global Ferronickel Holdings, Inc. a leading nickel ore producer in the Philippines, reported revenues of ₱7.611 billion, net income attributable to shareholders of ₱743.9 million, and earnings per share of ₱0.1451 for the year 2024. Mining revenues were ₱7.592 billion, down 13.4% due to lower nickel ore prices partially offset by strong volumes. By mine s...

On April 17, 1931, EEI Corporation (EEI) was incorporated as a machinery and mills supply house for the mining industry. EEI later expanded into construction services, supply of manpower in the Philippines and overseas, and distribution of a range of industrial machinery and systems. EEI is a member of the Yuchengco Group of Companies, a conglomerate w...

By Thea Samantha C. Go, EM Paramina Earth Technologies, Inc. is a proudly all-Filipino mining and civil construction contractor that has been making significant strides both domestically and internationally. With over 29 years of experience, Paramina has pioneered surface and underground contract mining in the Philippines, later expanding into tunne...

At least once a year, when International Women’s Month is celebrated in March, we are reminded to pause and take stock of the role of women in resources development. The mining industry in the Philippines, like many other countries, has traditionally been male-dominated.  Nevertheless, there are marked efforts to increase women's participation and addr...

OceanaGold (Philippines), Inc. (OGP), a publicly listed company, has paid a total of PHP397.7 million in local business tax (LBT) to three municipalities in the provinces of Nueva Vizcaya and Quirino for 2025. OGP remitted an LBT of PHP198.9M to Kasibu town in Nueva Vizcaya, and paid PHP119.3M and PHP79.6M to the municipalities of Nagtipunan and Cabarr...

Philex Mining Corporation, added Php136 million core net income and Php 564 million EBITDA in 4Q2024 to the Php610 million core net income and Php1.418 billion EBITDA of the first nine months ended September 30, 2024. Full year 2024 reached core income at Php746 million and EBITDA at Php1.981 billion. Gold and copper prices were at relative higher levels ...

Listed natural resources development company Nickel Asia Corporation has announced its audited financial and operating results for the twelve-month period ended Dec. 31, 2024. NAC reported an attributable net income (net of minority interest) of P1.52 billion, including a P1.55 billion provision for its geothermal investment in Naujan, Oriental Mindoro...

Integrated energy company Semirara Mining and Power Corporation (SMPC) posted P19.6 billion in full year 2024 earnings, a 30-percent decline from P27.9 billion in 2023, as energy markets continued to normalize. “Despite price corrections, we focused on key factors within our control—maximizing production, achieving record-high coal shipments and power ...

The Department of Public Works and Highways (DPWH) continues to engage key stakeholders to ensure the effective completion of the detailed engineering design and construction phases for the Road Network Development Project in Conflict-Affected Areas of Mindanao (RNDP-CAAM). DPWH Senior Undersecretary Emil K. Sadain, chairperson of the RNDP-CAAM Steerin...

Semirara Mining and Power Corp. (SMPC), the country’s largest coal miner, continued to post record-high shipments for two straight years in 2024, with local and outbound shipments of 16.5 million metric tons (MT). SMPC reported Tuesday that coal shipments increased by 15.8 million MT in 2023. “For the third consecutive year, we have hit our maximum ...

Recognizing the contribution of taxpayers to local economic growth, the Local Government Unit of Claver named Taganito Mining Corporation (TMC) as the Overall Top Taxpayer for 2023 during its Garbo nan Claver Awards & Stakeholders’ Night on September 7, 2024. TMC also received the Top Taxpayer Award for the Mining Category, ranked 7th for the Minin...

Philex Mining Corporation is one of the oldest and largest gold and copper producers in the Southeast Asia. Padcal Mine has been in operation for more than six decades and still has a remaining ore resource that can be mined depending on global metal price forecasts. Based on a completed study after recalibrating the mining plan, the life of the Padcal Mi...

The Philippines and Japan reaffirmed their strong partnership in advancing infrastructure development and exchanging expertise in innovative road and tunnel technologies during the 3rd Workshop on Technical and Business Cooperation for Road Construction and the Operation & Maintenance (O&M) of Road Tunnels and Related Facilities. Department of ...

Celsius Resources (ASX/AIM: CLA) is pleased to announce that its Philippine affiliate, Makilala Mining Company, Inc. (MMCI), has secured a six-month extension to fulfil funding requirements for its Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project. Granted by the Philippine Department of Environment and Natural Resources (DENR) and the Mines and Geosci...

Apex Mining Co., Inc.’s consolidated net income for the third quarter of 2024 was P1.31 billion, up 27% over its net income in the same period of 2023, which was P1.03 billion. For the three quarters of 2024, Apex Mining’s consolidated net income reached P3.07 billion or was 33% (P762.49 million) higher versus the P2.31 billion consolidated net income in ...

(Part One of Two) Written by Noel B. Lazaro, Eveart Grace P. Claro, Judd Yonder L. Reyes, and Marielle D. Marbella In the foothills of Brooke’s Point, Palawan, the air is thick with purpose as workers press seedlings into the earth, each one a small promise for a greener future. Two years into its operation, the Ipilan Nickel Project has planted nea...

Philex Mining Corporation generated Php200 million core net income and an EBITDA of Php506 million for 3Q2024 compared with the Php163 million core net income and EBITDA of Php337 million for the same period in 2023. This brings a total of Php610 million core net income and a total EBITDA of Php1.418 billion for the first nine months of 2024 compared with...

Global Ferronickel Holdings, Inc. a leading nickel ore producer in the Philippines, reported revenues of ₱5.732 billion, net income attributable to shareholders of ₱502.6 million, and earnings per share of ₱0.0981 for the first nine months of 2024. “We continue to focus on operating efficiently and managing cost, while building and keeping momentum,” F...