Listed natural resources development firm Nickel Asia Corp. (NAC) (PSE: NIKL) announced its unaudited financial and operating results for the nine-month period ended September 30, 2023. During the period, the Company recorded an attributable net income (net of minority interest) of P3.6 billion, down 47 percent from P6.9 billion year-on-year. This is o...

The consolidated gross revenues for the nine months of 2023 (ending September 30) of Apex Mining Co., Inc. and its subsidiaries reached P8.7 billion — 17% higher than the P7.5 billion it reported for the same period in 2022. The consolidated net income, however, was lower by 6% at P2.3 billion compared to P2.5 billion as of 30 September 2022. Its Q3 2023 ...

Philex Mining Corporation (PSE: PX) (the “Company” or “Philex”), one of the oldest and largest gold and copper producers in Southeast Asia, and a leader in right and principled mining, posted a core net income of Php163 million for 3Q2023, reporting a 9M2023 core net income of Php864 million. Core net income for 3Q2022 was at Php210 million while core net...

House Speaker Ferdinand Martin G. Romualdez on Thursday said the signing of two agreements on nuclear cooperation constitute a significant stride towards providing Filipinos with cheaper, cleaner and sustainable electricity. Romualdez made this remark as he witnessed the signing of a groundbreaking cooperative agreement between Meralco and Ultra Safe N...

An official of the National Commission on Indigenous Peoples (NCIP) on Wednesday said they are not opposed to mining projects and developments but only want to be consulted on all stages of a project. NCIP chairperson Jennifer Pia Sibug-Las, during the Community Relations (ComRel) Conference of the four-day Philippine Mine Safety and Environment Associ...

Last September 5, 2023, Australian Embassy in the Philippines Deputy Head of Missions, Dr Moya Collett, led a media briefing at the Australian Embassy to announce the launch of Australia’s Southeast Asia Economic Strategy to 2040. These strategies are intended to improve bilateral trade and investments with Southeast Asia. Australian Embassy’s First Secre...

In order pick up where everyone left off from the recent Mining Philippines 2023 last September, Philippine Mining and Exploration Association (PMEA) had a networking night last October 2, 2023 for the Monthly Membership Meeting. This enhanced the networking momentum from the previous mining event.

Governments and corporations around the world are taking serious steps in achieving the goal of net zero carbon emissions. During the keynote speech of former DENR Assistant Secretary, Mr Ricardo L. Calderon, he emphasized the connection between climate change, nature loss, and business. He also noted the role of forest conservation and restoration in ach...

For nearly half a century, Aboitiz Construction has been at the forefront of engineering excellence and innovation, contributing significantly to the growth of the Philippines. As the construction arm of the esteemed Aboitiz Group, the company has embarked on a transformative journey to support the Group's aspiration to be the country's first “techglomera...

After a three-year pause from face-to-face events due to the COVID-19 pandemic, this year, the Chamber of Mines of the Philippines (COMP) returned with the much-awaited mining event in the country -- The Mining Philippines 2023 International Conference and Exhibition. The event was held last Sept. 19-20, 2023 at the EDSA Shangri-La Hotel Manila. This year...

Meralco chairman Manuel V. Pangilinan said the 3,500 megawatts of direct current (MWdc) solar power farm project in Nueva Ecija of SP New Energy Corp. (SPNEC), over which a unit of Meralco will have the majority shares, will need PHP200 billion worth of investments. In Meralco’s press conference in Ortigas Monday, Pangilinan said the project will also ...

The Mines and Geosciences Bureau (MGB) recorded 4,963 jobs generated through the mining industry in Ilocos Region in 2022. In a virtual press conference on Monday, MGB Regional Office No. 1 Mine Management division chief Engr. Renato Rimando said the industry in the region is robust as it continues to provide jobs and create wealth in terms of payment ...

A study team composed of bridge construction experts from the Infrastructure Development Institute (IDI) Japan and the Department of Public Works and Highways (DPWH) is set to commence early stage assessment on the proposed long-span bridge projects that will connect the islands of Luzon, Visayas, and Mindanao. To discuss the study team’s itinerary, ID...

The Department of Public Works (DPWH) has entered a contract agreement with China Road and Bridge Corporation (CRBC) for the construction of Davao River Bridge also known as Bucana Bridge in Davao City. DPWH Secretary Manuel M. Bonoan has officially approved the ₱3.126 Billion civil works contract signed by DPWH Senior Undersecretary Emil K. Sadain and...

Global Ferronickel Holdings, Inc. reported financial results for the nine months of 2023 with consolidated revenues of ₱6.8 billion, operating income of ₱1.8 billion, net income attributable to shareholders of ₱1.5 billion, and earnings per share of ₱0.3021. Consolidated revenues rose 33.1% year-over-year to ₱6.8 billion due mainly to increased volumes...

On October 10, 2023, the sixth Philippines–Australia Ministerial Meeting (PAMM) was held in Adelaide, South Australia. The dialogue was headed by Trade and Tourism Minister Senator, the Honorable Don Farrell. The event was chaired by the Australian Ambassador to the Philippines, Her Excellency HK Yu PSM, along with other representatives from the private s...

Representatives from Sandvik Mining and Rock Solutions (“Sandvik”) Sales Area South-East Asia (Territory Philippines-Indochina) recently visited Philsaga Mining Corporation (PMC) in Agusan del Sur. They were welcomed and given a tour around the site by Philsaga’s Mechanical Maintenance Engineer, Senior Project Engineer, and Project Manager who were in cha...

TVIRD’s Agata Nickel Laterite Project marks end of an era after 382 shipments and nine years of operation Agata Mining Ventures Inc. (AMVI), a joint venture nickel laterite project of TVI Resource Development Philippines Inc. (TVIRD) and MRL Nickel Philippines Inc., recently concluded its 382nd and final shipment of nickel ore onboard MV Haut Brion las...

Greenstone Resources Corporation (GRC), a wholly-owned subsidiary of TVI Resource Development Philippines Inc. (TVIRD), received an official visit from His Excellency David Bruce Hartman, Ambassador of Canada to the Philippines at its Siana Gold MIne (Siana) in Tubod Municipality, Surigao del Norte Province.  Upon the invitation of TVIRD Chairman Clifford...

Amidst inflation, supply chain interruptions, geopolitical upheaval, the devastating effects of the COVID-19 pandemic, and their subsequent effects on the energy and industrial commodities markets, mining companies are facing enormous challenges in achieving their profitability and sustainability goals. Environmental, social, and governance (ESG) consider...

At the recently concluded Mining Philippines 2023, Undersecretary Carlos Primo David, speaking on behalf of DENR Secretary Maria Antonia Yulo Loyzaga, detailed how the department is focusing on government-led exploration targeting critical minerals needed to transition to renewable energy. The limited budget of PHP60 million for minerals exploration, h...

Integrated energy company Semirara Mining and Power Corporation (SMPC) recorded a 37-percent drop in net income in the first nine months of the year from P35.9 billion to P22.6 billion. The marked decline was mainly due to lower coal shipments and selling prices. “The third quarter is always a slow period for us in terms of production and demand becaus...

Celsius Resources has completed a program of 12 shallow diamond drill holes to test the extents of oxide copper mineralisation from Nabiga-a Hill at the Sagay Copper-Gold Project. Highlights from the drilling program include: 69.3m @ 0.56% copper from 10.7m down hole from SGY-040, including 21.3m @ 1.23% copper from 15m down hole.   ...

Tokyo will continue investing in the Philippines’ big-ticket projects, Japanese Ambassador Kazuhiko Koshikawa reaffirmed Thursday. Speaking at the 49th Philippine Business Conference and Expo in Manila, the envoy said Japan “has always been and continues to be” the largest official development assistance (ODA) donor of the Philippines but there is stil...