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...

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...

Integrated energy company Semirara Mining and Power Corporation (SMPC) saw its net income fall by 28 percent to P6.5 billion in the first quarter from P9.0 billion the previous year, as weaker market prices muted the impact of higher coal shipments and energy sales volume. Global coal indices declined due to weak demand from developed countries, driven...

Official statement of PNIA President, Atty. Dante R. Bravo, on behalf of the Philippine Nickel Industry Association on the occasion of the conduct of the DENR Mining Summit on 10 May 2024  As global demand for critical minerals surges amidst the accelerating transition to clean and smart technology, PNIA observes keen interest in the Philippines from p...

For well developed countries, education is a given right, as basic as breathing. But in developing countries like the Philippines, most households have to contend with meeting basic needs such as food, energy costs, and housing, making education less of a priority. The education sector is fraught with various problems ranging from poverty and lack of r...

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 ...

The Department of Public Works and Highways (DPWH) is now working on closing the gaps to complete the 3.17-kilometer Panguil Bay Bridge Project which will soon become the longest sea-crossing bridge in Mindanao. In his report to DPWH Secretary Manuel M. Bonoan, DPWH Senior Undersecretary Emil K. Sadain said that the inter-island bridge project in North...

Several countries are investing in the Luzon Economic Corridor project, which can elevate the global status of the Philippines, according to President Ferdinand R. Marcos Jr. In an interview with Chang Dae-hwan, chair of South Korea's Maekyung Media Group, in Malacañang, Manila on Thursday, Marcos said the project will intensively focus on key infrastr...

President Ferdinand R. Marcos Jr. has ordered the streamlining of the permitting process for the Infrastructure Flagship Projects (IFPs) to hasten the construction and implementation of the administration’s infrastructure program. In a four-page Executive Order No. 59 signed by Executive Secretary Lucas P. Bersamin on April 30, Marcos emphasized the ne...

The Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR) has commenced a nationwide, long-term program called PLASTIKalikasan to particularly address plastic waste in mining sites and its host and neighboring communities. PLASTIKalikasan, with the help of stakeholders, serves as a platform for mining and mine...

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) has started the civil works construction of deep foundations for the land and marine viaducts of the 4.07-kilometer Samal Island - Davao City Connector (SIDC) Project. DPWH Senior Undersecretary Emil K. Sadain, in his report to Secretary Manuel M. Bonoan, said that the project is proceeding the constru...

OceanaGold (Philippines), Inc. (OGPI) which operates the Didipio Gold-Copper Mine is pleased to announce it has remitted USD20.3 million (PhP1.1 billion) in additional government share for the first time to the Philippine government pursuant to the terms of its Financial or Technical Assistance Agreement (FTAA) on April 23, 2024. OGPI made the payment ...

Celsius Resources Limited. is pleased to announce the extension of the exploration permit for the Sagay Copper Project, held under its Philippine subsidiary, Tambuli Mining Company, Inc (“TMCI”) located on the Island of Negros in the Philippines. The extension of EP-000003-VI was issued on 1 April 2024 and was based on Section 30 of the Department Admi...

The Philippines, the United States and Japan on Friday expressed intent to advance their trilateral cooperation on clean energy. The commitment was made during the historic trilateral summit of President Ferdinand R. Marcos Jr., US President Joe Biden and Japanese Prime Minister Fumio Kishida at the White House in Washington DC. In a joint statement...

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 Philippine National Railways (PNR) said construction of the Metro Manila portion of the 147-kilometer North-South Commuter Railway (NSCR) will go full blast by October this year. At the Saturday News Forum in Quezon City, PNR chair Michael Ted Macapagal said the National Capital Region (NCR) pre-construction works involve fencing, removal of old tr...

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 Philippines and Papua New Guinea (PNG) are eyeing possible cooperation on critical minerals and fisheries sectors, Foreign Affairs Secretary Enrique Manalo said Thursday. After his bilateral meeting with PNG Foreign Minister Justin Tkatchenko, Manalo said the Philippines is eager to explore opportunities and “new forms” of partnership with the Paci...

Weir, the global leader in technology driven mining solutions and sole manufacturer of Linatex® premium rubber, has introduced new branding to their iconic red rubber. Linatex® premium rubber is renowned for its unparalleled wear life and total cost of ownership benefits, this new enhancement is a definitive stand against imitators selling inferior red ru...

 “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...