The Philippine Extractive Industries Transparency Initiative (PH-EITI) held its 90th Multi-Stakeholder Group (MSG) meeting and Mine Visit in Cauayan City, Isabela, and Kasibu, Nueva Viscaya. from May 23-25, 2024, bringing together key stakeholders from government, industry, and civil society to discuss various topics in the implementation of PH-EITI activ...

The Public-Private Partnership (PPP) Center said 134 projects worth PHP3.03 trillion are in the pipeline for undertaking between the government and private sector. Data released by the PPP Center over the weekend showed that 13 unsolicited proposals were recently added to the list of 121 approved projects revealed two weeks ago. These include the St...

The Department of Public Works and Highways (DPWH) has urged the private sector to invest in government projects. “I firmly believe to be able to implement efficiently the projects of the government, we also encourage the participation of the private sector,” DPWH Secretary Manuel Bonoan said at the Philippine Economic Briefing held at the Philippine I...

The anticipated PHP187.54-billion mega Panay-Guimaras-Negros (PGN) bridges project is set to transform regional connectivity in Western Visayas, the top official of the Department of Public Works and Highways (DPWH) in the region said on Monday. In a public briefing Tuesday, DPWH regional director engineer Sanny Boy Oropel said the feasibility study fo...

The PHP23-billion Samal Island-Davao City Connector (SIDC) project is in full swing and is expected to be completed by 2027, the Department of Public Works and Highway in Davao Region (DPWH-11) said Tuesday. During the pilot episode of the Kapihan sa Bagong Pilipinas here, DPWH-11 Director Juby Cordon said the design and build of the SIDC project alrea...

Mines and Geosciences Bureau Central Office (MGB-CO) technical personnel participated in the Palawan Stakeholders' Congress on Mining and the Environment (PSCME) held last April 24-26, 2024 in Puerto Princesa City. With the theme: "Yours, Mine, Ours," the stakeholders’ congress was organized by the Provincial Government of Palawan. The Congress brought...

The Australian ambassador to the Philippines on Friday cited five possible investment areas in the Cordillera Administrative Region (CAR). “The Southeast Asia economic strategy, with the Philippines as among the most important countries to Australia, clearly highlights the areas that we think have potential for different kinds of investments and those ...

Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported first quarter 2024 revenues of ₱589.9 million, net income attributable to shareholders of ₱10.6 million, and earnings per share (EPS) of ₱0.0021. Mining revenues were ₱586.2 million, down 47.4% from ₱1.1 billion in the prior year due to lower sellin...

Nickel Asia Corporation (NAC) (PSE: NIKL) announced its unaudited financial and operating results for the three-month period ended March 31, 2024, with an attributable net income (net of minority interest) of P202 million, lower than the P970 million reported during the same period last year. Earnings before interest, taxes, depreciation, and amortizat...

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...