Photo: WEDA L110N and QAS 210PD The mining industry comes with various challenges; from scarce resources to uncertainty around commodity prices, miners are always looking at ways to overcome barriers to stay competitive. Nickel mining, for example, is mined from various depths and beneath the surface using large earth-moving equipment, the robustness a...
Photo credit: Department of Finance The government is planning to sell more of its assets this year, the Department of Finance (DOF) said. "Last year we already sold I think something like PHP1.5 billion assets, and then for this year, we're aiming to sell more," Finance undersecretary for privatization and corporate affairs group Catherine Fong sai...
A focus group meeting of the technical working group of House Committee on Ecology was organized in connection with proposed project within the Laguna Lake area. Representing Department of Public Works and Highways (DPWH) Secretary Manuel M. Bonoan, Senior Undersecretary Emil K. Sadain expressed strong support to the proposal of Congress to push the La...
Photo credit: Department of Public Works and Highways At least PHP10.48 billion more is needed to fully complete the extension of the multi-year Tacloban Bypass Road project, the Department of Public Works and Highways (DPWH) said on Wednesday. Of the funding requirement, PHP1.56 billion is needed in 2024 and PHP8.92 billion for 2025 onwards, DPWH ...
Celsius Resources is pleased to announce it has entered into a non-binding term sheet and a binding subscription agreement with Silvercorp Metals Inc., a Canadian-based mining company engaged in the acquisition, exploration, development and mining of mineral properties. Highlights Celsius Resources Limited has entered into a non-binding term sheet w...
Photo credit: Global Ferronickel Holdings, Inc. Global Ferronickel Holdings, Inc. achieved Q1 2023 revenues of ₱1.1 billion and net income of ₱358.8 million, turning a first quarter profit for the first time in the company’s history. Earnings per share on net income attributable to equity holders of the company came in at ₱0.0296 compared to a loss of...
Photo credit: the Department of Public Works and Highways Korean construction and engineering companies are interested to participate in the procurement of the design and build of a mega inter-island bridge project in Luzon. Upon the invitation of the Korea Trade-Investment Promotion Agency (KOTRA) which organizes the Global Project Plaza 2023 to br...
Photo: Transportation Sec. Jaime Bautista speaks before businessmen at the Makati Business Club forum on Wednesday (May 10, 2023). He said that with limited public funds to bankroll such projects, the government could tap the assistance of the private sector. (Photo courtesy of DOTr) The Department of Transportation (DOTr) is seeking the financing supp...
President Ferdinand Marcos Jr. on Monday signed the renewal agreement for the Malampaya Service Contract No. 38 (SC 38) that would allow the continued production of the Malampaya gas field for another 15 years until Feb. 22, 2039. During the ceremonial signing at the Malacañang Palace, Marcos said the renewal of the contract, which was originally set t...
Photo credit: Department of Public Works and Highways A new loan program of the Korean Government may be tap to finance at least four (4) pipeline projects of the Department of Public Works and Highways (DPWH) in Central Luzon and Central Visayas Regions. Senior Undersecretary Emil K. Sadain, in-charge of DPWH infrastructure flagship projects under ...
Photo: DENR Secretary Antonia Loyzaga The Department of Environment and Natural Resources (DENR) is mulling the implementation of a "big brother-small brother" strategy to capacitate small miners and enhance the resilience of the mining community. In a press release on Monday, DENR Secretary Antonia Loyzaga said they are planning to incorporate said...
Photo: President Ferdinand R. Marcos Jr. attends one of the meetings with US businessmen in Washington, D.C. on Wednesday (April 3, 2023). Marcos pitched to American businessmen the country’s plan to pursue local battery production with the help of foreign technology and capital to help solve problems in energy supply and other energy-related issues. (Pho...
Photo credit: Global Ferronickel Holdings, Inc. The environmental management system of Ipilan Nickel Corporation (INC), the operating arm of Global Ferronickel Holdings, Inc. in Brooke’s Point, Palawan, has been recertified by Intertek last April 7, 2023 as conforming to the requirements of International Organization for Standardization (ISO) 14001:201...
Photo credit: Integrated energy company Semirara Mining and Power Corporation (SMPC) recorded a 40-percent decline in consolidated net income from P15 billion to P9 billion mostly due to high-base effect, as the company posted its highest-ever quarterly bottom line during the same period last year. Consolidated topline contracted by 29% from P29.1 ...
Photo credit: Department of Transportation Two more stations for the Metro Manila Subway Project (MMSP) are now officially under construction following a groundbreaking ceremony led by the Department of Transportation (DOTr) on Friday. The two stations -- Quezon and East Avenues -- are under contract package (CP) 102 of the MMSP and was awarded to a...
Photo credit: Philippine News Agency The North-South Commuter Railway (NSCR) system is expected to provide speedier transactions, create more quality time, and improve the quality of life for all, President Ferdinand R. Marcos Jr. said on Thursday. Marcos made the remark during the ceremonial contract signing for the NSCR Project - South Commuter Se...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, and a leader in right and principled mining, generated Php388 million Core Net Income and EBITDA of Php635 million for 1Q2023 against the backdrop of favorable gold prices and foreign exchange rates that kept them within safe margins as a continuation fro...
Photo: Joint site inspection together with project owner COHECO team, and PCML technical team at COHECO hydropower project in Benguet. Peregrine Construction and Management L.L.C., Inc. (PCML) has moved its corporate office from Pampanga to Baguio City, Benguet. The move brought about PCML’s business growth up north with its continuous projects lea...
Photo: Company officials of the 2022 PMIEA recipients with DENR Secretary M.A. Yulo Loyzaga, Executive Secretary L.P. Bersamin, and COMP Vice Chairman Mr. G.H. Brimo Recipients of the 2022 Presidential Mineral Industry Environmental Award (PMIEA) represented by their company officials attended the Ceremonial Awarding held at the Bonifacio Hall of the M...
The Department of Public Works and Highways (DPWH) has formalized its collaboration with the Department of Information and Communications Technology (DICT) to ensure faster, more streamlined, and convenient delivery of services to its stakeholders nationwide. DPWH Secretary Manuel M. Bonoan and DICT Secretary Ivan John E. Uy signed on Tuesday, April 25...
Photo credit: Department of Transport The Asian Development Bank (ADB) will fund 12 projects worth around USD19 billion in the country next year. In the presentation of ADB Philippines Country Director Kelly Bird during the mapping the investment ecosystem forum in Taguig City Wednesday, eight of these projects are in Mega Manila and five projects a...
Photo credit: Light Rail Manila Corporation The first phase of the 11.7-kilometer (km) Light Rail Transit Line 1 (LRT-1) Cavite Extension Project is nearing completion, according to the Light Rail Manila Corporation (LRMC), the private operator of LRT-1. In a statement on Friday, the LRMC said the progress rate for the project has reached 82.7 perce...
Photo Credit: Arrow Creatives State-run pension fund Government Service Insurance System (GSIS) has invested P1.46 billion in natural resources development company Nickel Asia Corp. The GSIS investment involved a purchase of a total of 233,558,653 common shares, done through a block sale approved by the Philippine Stock Exchange on April 12, 2023. ...
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