Search Results: 2023

Part 2 A group of all-Filipino mining engineers under the support of project subcontractor Paramina Earth Technologies, Inc. (PARAMINA) were greatly involved in the success of the Upper Wawa Pumping Station Water Access Tunnel project. These mining engineers developed and excavated an 8m wide x 7m high x 1,011m long tunnel with the highest consideratio...

Arcadis, the leading global design and consultancy organization for natural and built assets, announced the release of its annual International Construction Cost index (ICC). Compared to last year’s result, Manila has seen a slight improvement in its ranking among the most expensive cities to build in globally. But despite dropping two spots from 81st ...

Integrating new digital workflows New innovative technology used in mining is generating more detailed data than ever before. LiDAR scans of underground excavations create 3D, high resolution, georeferenced images of rockface. This information can be utilised to provide better grade control, cut costs, and increase productivity. However, mining organis...

The consolidated net income of Apex Mining group (Apex Mining plus its subsidiaries) for the first half of 2024 reached P1.89 billion — P492.3 million (35%) higher than the same period in 2023 (P1.40 billion). The growth drivers are the surge in realized gold price, gold ounces sold and the depreciation of the peso against the dollar. Quarter on quarte...

Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported first half 2024 revenues of ₱3.079 billion, net income attributable to shareholders of ₱207.1 million, and earnings per share of ₱0.0404. “We finished the first half of the year with strong operational and cost performance,” FNI President Dante R. B...

Countries like the US, Australia, Britain, Canada, China, and the EU Nations have expressed interest in nickel ore mining in the Philippines. This was mentioned by Environment Secretary Maria Antonia Yulo-Loyzaga in her speech during a mining conference organized by the Stratbase ADR Institute, in partnership with the Department of Environment and Natural...

Philex Mining Corporation generated Php305 million core net income and an EBITDA of Php617 million for 2Q2024 compared with the Php314 million core net income and EBITDA of Php553 million for the same period in 2023. This brings a total of Php410 million core net income and a total EBITDA of Php912 million for the first half of 2024. Average realized g...

In the male-dominated industries like mining and construction, how is it possible to promote workplace gender equality and women empowerment? “Investing in Women” offers solutions and opportunities for discussion to address gender-related issues. The Australian Government recently launched the new phase of its “Investing in Women” program in the Philip...

Progress continues to surge forward on the Davao River (Bucana) Bridge Project of the Department of Public Works and Highways (DPWH) in Davao City. In his inspection report to DPWH Secretary Manuel M. Bonoan, Senior Undersecretary Emil K. Sadain said that the construction of the 1.34-kilometer, four (4)-lane, six (6)-span extradosed bridge and its appr...

The gross production value of mineral resources in Davao Region stood at PHP11.7 billion in 2023, an official of the Mines and Geosciences Bureau in the Davao Region (MGB-11) reported Tuesday. During the Kapihan sa Bagong Pilipinas forum here, MGB-11 Officer-in-Charge Beverly Mae Brevante said the region is rich in mineral resources, particularly gold,...

A top official of the Department of Public Works and Highways (DPWH) has issued a stern reminder to all government engineers, consultants and contractors involved in the on-going projects under the Improving Growth Corridors in Mindanao Road Sector Project (IGCMRSP). In a recent coordination meeting at Ipil, Zamboanga Sibugay, Senior Undersecretary Emi...

In 2016, the Philippines Government Department of Environment and Natural Resources passed the Clean Water Act Legislation (DAO 2016-08), Republic Act No 9275. The approval of this legislation propelled the demand for wastewater treatment in the Philippines, resulting in sky rocketing demands for sewerage treatment plants and sewerage networks. The rapid ...

For the 75th Philippine Mining Club Luncheon, the keynote speaker was Mr. Gerard Bond, President & CEO of OceanaGold Corporation. This was held on March 8, 2024 at Dusit Thani Manila.  “This is the first Philippine Mining Club Luncheon this year and as you can see, we have a full house. I think this reflects the renewed excitement about the mining ...

The construction industry, a key contributor to the Philippine economy, generated about seven percent (7%) of the country’s gross domestic product in 2022. The recent COVID-19 pandemic affected the real estate and construction industry and caused financial burden due to additional health and safety requirements, project suspension and delays, and reduced ...

OceanaGold Corporation in Vancouver, Canada, announced that its wholly owned subsidiary, OceanaGold Philippines, Inc. (OGPI) has completed the initial public offering of 20% of the outstanding common shares of OGPI on the Philippine Stock Exchange (PSE). Trading began on May 13, 2024. The shares are listed under the ticker ‘OGP’. To mark PSE’s first IP...

The Department of Transportation (DOTr) on Thursday broke ground for the North-South Commuter Railway (NSCR) System’s Banlic Depot in Calamba, Laguna. During the groundbreaking ceremony, DOTr Secretary Jaime Bautista said the Banlic Depot signals the “rapid progress” of the project after its land development and other preparatory works began in 2023. ...

OCEANAGOLD (PHILIPPINES), INC., is pleased to announce it has completed the initial public offering (the “IPO”) of 20% of its outstanding common shares on the Philippine Stock Exchange (“PSE”). The shares are listed under the ticker symbol ‘OGP’ and began trading May 13th. The Company operates the Didipio gold and copper underground mine, located in th...

The Department of Environment and Natural Resources (DENR) is looking to shorten the processing of permits for the mining industry to entice more investors to do business in the Philippines. Speaking during Friday's mining conference in Makati City organized by think-tank Stratbase ADR, Environment Secretary Maria Antonia Yulo-Loyzaga said they are now...