Photo credit: DOE The Department of Energy (DOE) said on Friday that it issued a notice to proceed (NTP) for the UD67-million liquefied natural gas (LNG) terminal project of Samat LNG Corp. in Barangay Sisiman in Mariveles, Bataan to supply the country's increasing power demand. The DOE said Secretary Raphael Lotilla signed the NTP in favor of Samat...
Finance Secretary Benjamin Diokno (File photo courtesy of DOF) The proposed sovereign wealth fund of the Philippines is another option to help finance the government’s infrastructure requirements, Finance Secretary Benjamin Diokno said Thursday. During the Philippine economic briefing attended by economic managers, officials of financial institution...
Photo: President Ferdinand ‘Bongbong’ Marcos Jr. meets officials of Glencore. Credit: Office of the President Facebook Page President Ferdinand R. Marcos Jr. on Wednesday met with the international chief executive officers (CEOs) to discuss potential business opportunities in the Philippines. A breakfast meeting was held between Marcos and the world...
Photo: Benguet Vice Governor Ericson Felipe on Tuesday said they are appealing to the Department of Environment and Natural Resources (DENR) to streamline the permitting process for 'Minahang Bayan' that delays the declaration of an area for community mining. The declaration is a requirement before mining associations can be issued a mining contract. (PNA...
Photo credit: Department of Foreign Affairs Facebook Page The Department of Foreign Affairs (DFA) on Thursday said it is in the process of setting the parameters which would guide future negotiations on oil and gas. In a message to reporters, the DFA disclosed that it is carefully studying the Supreme Court decision on the Joint Marine Seismic Under...
Photo: Senator Sherwin Gatchalian Senator Sherwin Gatchalian emphasized on Friday that the possibility of a joint oil exploration between China and the Philippines in the West Philippine Sea (WPS) would only materialize if the east Asian country recognizes the Philippine Constitution. "Our Constitution should be the enabling document, and that's our...
President Ferdinand R. Marcos Jr. (center) presses the button to launch the Metro Manila Subway Project's tunnel boring machine in Barangay Ugong, Valenzuela City on Monday (Jan. 9, 2023). It marks the start of the construction of the tunnels for the PHP488-billion Metro Manila subway, which will span 33 kilometers across seven cities from Valenzuela City...
Photo credit: Celsius Resources Makilala Mining Company, Inc. (MMCI), a subsidiary of Celsius Resources Limited, has received interim Certificates of Approval from the Regional Mines and Geosciences Bureau (MGB) for two vital program documents: the Five-Year Social Development and Management Program (SDMP) and the Care and Maintenance Program (CMP) for...
Photo credit: Celsius Resources Makilala Mining Company, Inc. (MMCI) and PDEP, Inc., two wholly owned Philippine subsidiaries, have entered into a partnership with Sodor Inc. and PMR Holding Corp. to develop the MCB Project. The partnership will be formalized through the signing of a binding agreement. The two companies have also signed a Non-Binding T...
The infrastructure program of the administration of President Ferdinand R. Marcos Jr. got a boost following the signing of six bilateral agreements and one project implementation between the Philippines and China on Wednesday. Finance Secretary Benjamin Diokno, who signed the agreements and completion documents on behalf of the Philippine government, s...
Chinese President Xi Jinping and President Ferdinand R. Marcos Jr. (File photo courtesy of Bongbong Marcos Facebook page) The Philippine and Chinese governments have agreed to resume talks on oil and gas exploration in the South China Sea at an "early date" following the bilateral summit between President Ferdinand R. Marcos Jr. and Chinese President X...
The aerial view of the San Juanico Bridge that connects the islands of Leyte and Samar. The proposed second San Juanico Bridge has gained support from the Japan International Cooperation Agency (JICA) as one of the priority projects in the region, an official of the National Economic Development Authority said on Tuesday (Jan. 3, 2023). (Photo courtesy of...
Photo credit: Department of Public Works and Highways The expressway project in Central Luzon at the connection of Subic-Clark-Tarlac Expressway (SCTEX)/Tarlac-Pangasinan-La Union Expressway (TPLEX) in Tarlac City, Tarlac is targetted by the Department of Public Works and Highways (DPWH) to be operational up to San Juan, Aliaga, Nueva Ecija toward the...
Photo credit: Department of Public Works and Highways The Department of Public Works and Highways (DPWH) maintains a keen focus in partially opening by 2024 the first 10.7-kilometer central portion of the 45.5-kilometer Davao City Bypass Construction Project by accelerating on-going excavation activities in the construction of twin tube road mountain t...
Photo credit: Department of Public Works and Highways Filipino and Japanese experts are working to better prepare the Philippines from threats of climate change by discussing strategies on how to mitigate the adverse effects of flooding. The Department of Public Works and Highways (DPWH), through its Unified Project Management Office – Flood Control...
Photo credit: Department of Public Works and Highways The Department of Public Works and Highways (DPWH) is now working on projects that will address the deficit of road network in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). Simultaneous to DPWH Senior Undersecretary Emil K. Sadain’s participation at the 12th Intergovernmental Relat...
Photo credit: Bilyonaryo Mr. Felipe U. Yap, Chairman and CEO of Manila Mining Corporation (“MMC”), is pleased to announce the exciting and economically significant gold and copper exploration drilling results from four well-controlled, deep diamond core holes completed below MMC’s historical Ntina open pit gold mine. The drilling programme has been...
President Ferdinand R. Marcos Jr. on Thursday expressed readiness to partner with China for possible joint oil exploration in the West Philippine Sea (WPS). In a media interview in Quezon City, Marcos broached the idea of exploring other ways to ensure the immediate development of oil and gas resources in the contested waters. Marcos made the remark...
Photo: Philippine Nuclear Research Institute Director Carlo Arcilla. Credit: Philippine News Agency The Philippines is open to nuclear energy negotiations with other countries aside from the United States, an official of the Philippine Nuclear Research Institute (PNRI) said Tuesday. Currently, the country is in discussion with the US for the 123 Agr...
Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in ferronickel ore mining and processing, logistics and port operations, and cement and steel production, recorded a net income of P2.13 billion in the nine-month period that ended September compared to the P1.86 billion it p...
Photo Credit: dmcihouse.net DMCI Mining Corporation saw its net income decline by 17 percent from P1.41 billion to P1.17 billion during the first nine months of the year owing to lower nickel ore shipments and average nickel grade sold. “We expected a severe profit decline because of the depletion of our Berong mine late last year. Fortunately, the ...
Developing the electric vehicle (EV) industry is opening new opportunities for the Philippine mining sector, a company executive said Wednesday. In a media roundtable, DMCI Mining president Tulsi Das Reyes said the e-vehicle sector has provided new opportunities for the mining industry and his company is keen to take part in this development. He de...
Two Surigao del Norte-based affiliates of Nickel Asia Corp. (NAC) have been awardees of the prestigious Presidential Mineral Industry Environmental Award (PMIEA) for this year. In a statement Tuesday, NAC said Hinatuan Mining Corporation (HMC) in Taganaan town and Taganito Mining Corporation (TMC) in Claver town received the PMIEA at the 68th Annual Na...
Photo: President Ferdinand R. Marcos Jr. meets with Department of Environment and Natural Resources officials at Malacañan Palace on Tuesday (Nov. 22, 2022). Marcos directed the department to require small and large-scale mining firms to comply with policies that ensure safe working conditions for miners. (Photo courtesy of Malacañang) President Ferdin...
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