Search Results: 2023

Three more nickel processing plants are expected to be built in the Philippines within the term of President Ferdinand R. Marcos Jr., a Trade official said on Friday. "There are interested parties to put up HPAL (High-Pressure Acid Leach) facility in the Philippines. I mentioned three because they are looking at three areas like Zambales, Surigao, Pala...

Apex Mining Company, Inc. posted a record consolidated net income of P852.7 million in Q1 2024, 55% higher versus the P548.8 million generated during the same period last year. Consolidated gross revenues for the quarter reached P3.4 billion, up by 31% year-on-year. The increase in revenues was driven by the surge in realized price per ounce of gold wh...

Mining companies are calling on industry stakeholders to strengthen support for responsible mining, underlining the industry’s untapped potential to further drive economic growth and support social development at the national and local level, while fostering environmental stewardship. Mining company representatives echoed the sentiment as the industry ...

Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, generated Php105 million core net income and an EBITDA of Php295 million for 1Q2024 compared with the Php388 million core net income and EBITDA of Php635 million for 1Q2023. Average gold prices in 1Q2024 were higher at US$2,061 per ounce compared with ...

The on-going construction of Davao River (Bucana) Bridge in Davao City by the Department of Public Works and Highways (DPWH) is rapidly taking shape, with significant milestones achieved just five (5) months since the project start. In his inspection report to DPWH Secretary Manuel M. Bonoan, Senior Undersecretary Emil K. Sadain said that the assigned ...

The Department of Public Works and Highways (DPWH) on Wednesday bared several big-ticket projects being constructed by the government in a bid to decongest traffic in Metro Manila. Speaking at the Bagong Pilipinas Town Hall Meeting on Traffic Concerns convened by President Ferdinand R. Marcos Jr. in San Juan City, DPWH Secretary Manuel Bonoan discussed...

The Department of Public Works and Highways (DPWH) continues to make significant strides in the implementation of its Davao River Bridge Project also known as the Bucana Bridge which is an integral part of the Davao City Coastal Bypass Road. In his inspection report to DPWH Secretary Manuel M. Bonoan, Senior Undersecretary Emil K. Sadain said that the ...

 “The Philippine Mineral Reporting Code (PMRC) sets out the minimum standards, recommendations, and guidelines for public reporting in the Philippines of Exploration Results, Exploration Targets, Mineral Resources, and Mineral Reserves,” [1] as explained by Mr. Ciceron Angeles, Jr., PMRC Committee Chairman and Consulting Geologist. In November 2021, th...

Australia recently launched one of their largest indigenous-led renewable energy project.  Australia’s First Nations Yindjibarndi people have partnered with ACEN, a Philippine renewables company, to develop and operate renewable energy projects in Western Australia. In the Philippines, ACEN is one of the subsidiaries of the Ayala Corporation and is the...

A remarkable step forward in the infrastructure development under Bagong Pilipinas following a successful loan signing agreement between the Government of the Philippines and the Japan International Cooperation Agency (JICA) for the procurement and civil works of the 23-kilometer Dalton Pass East Alignment Road Project in Cagayan Valley Region. In a ce...

The research studies under the Apex Mining Professorial Chairs in Mining and Metallurgical Engineering have shown that mining tailings and silt are potential substitutes for cementitious materials in concrete mixes while using non-noble metals as reduction catalysts can reduce the cost of producing fuel cells.   The Apex Mining Professorial Chairs, ...

Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported revenues of ₱8.8 billion in 2023, operating income of ₱2.8 billion, net income attributable to shareholders of ₱1.5 billion, and earnings per share (EPS) of ₱0.3022. The 30.5% year-over-year increase in revenues to ₱8.8 billion was largely driven by...

Listed natural resources development firm Nickel Asia Corp. (NAC) (PSE: NIKL) recorded an attributable net income (net of minority interest) of P3.7 billion, down 53 percent from P7.9 billion year-on-year based on its audited financial and operating results for the twelve-month period ended December 31, 2023. This is on the back of lower nickel ore pri...

The province of Cebu will partner with private firms to continue oil and natural gas exploration in Alegria town, south of Cebu, Governor Gwendolyn Garcia said Thursday. Garcia’s decision came as Department of Energy (DOE) Undersecretary Alessandro Sales visited the provincial capitol on Thursday to inform the governor of the agency’s intention to cont...

Last year’s Geological Conference or GEOCON 2023 of the Geological Society of the Philippines (GSP) (Dec. 5-6, 2023) highlighted 57 oral reports and 86 poster presentations throughout 10 sessions. The theme of the conference is “Our Natural Resources: Fueling the Energy Transition Journey”. There was a rich discussion among the presenters and the audience...

[Quezon City] Dec. 5-6, 2023 - During the GEOCON 2023 of The Geological Society of the Philippines (GSP), various scientific presentations discussed energy transition, innovative studies and technology applications on Earth Science, and more. The theme of the two-day conference is “Our Natural Resources: Fueling the Energy Transition Journey”. GSP Pres...

To celebrate the 69th Annual National Mine Safety and Environment Conference (ANMSEC), the Philippine Mine Safety and Environment Association (PMSEA) hosted the conference on Nov. 14-17, 2023 at CAP – John Hay Trade & Cultural Center Main Hall A & B, Baguio City. This annual event brings together mining professionals and practitioners, and othe...

On Dec. 4, 2023, Philippine Mining & Exploration Association Inc. (PMEA) celebrated its 25th year anniversary and Silver Christmas Party at Misto 2 and Straight UP Bar at Seda Residences Makati. This is a milestone event for a mining group that, for more than two decades, has been fostering camaraderie and professional development among its members. T...