Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) completed the first half of the year 2022 with a reported net income of Php2 billion compared to the net income of Php1.935 billion for the same period in 2021. The improvement in the bottom line is attributed to the considerable increase in grades and metal prices during the first hal...
Photo credit: Provincial Government of Ilocos Norte logo Ilocos Norte is set to recognize the public and the private sector’s initiatives and exemplary achievements in promoting responsible mining. Provincial administrator Yvette Convento-Leynes confirmed this on Monday as she reported that the awarding of outstanding partners is set on July 27 in t...
Mines and Geosciences Bureau (MGB) announced on 10 March 2022 that the DENR has granted MPSA 352-2022-VI to DMCI Holdings, Inc., a subsidiary of Semirara Mining and Power Corp. (SMPC). The MPSA is for SMPC’s Hamalian Limestone Project which is located at Semirara Island in Caluya, Antique. The project covers an area of 3,807.0571-hectares. This MPSA now g...
The Department of Public Works and Highways (DPWH) is inching closer to delivering the entire 30-kilometer Central Luzon Link Expressway (CLLEX) Project which is 96 percent overall complete to date. In his report to Secretary Manuel M. Bonoan, DPWH Undersecretary for Unified Project Management Office (UPMO) Operations Emil K. Sadain said that the first...
Last June 3, 2022, Gov. Tamayo announced in a public statement his decision to veto Ordinance No. 23, Series of 2022 that was passed by the Sanggunian Panlalawigan (SP) (or Provincial Board) of South Cotabato last May 16, 2022. The ordinance modified the Provincial Environmental Code of South Cotabato and lifted the ban on open-pit mining in the province....
Photo credit: Senator Robinhood Padilla filed a resolution, urging President Ferdinand Marcos Jr. to resume bilateral talks for cooperation on oil-gas development in the West Philippine Sea. Padilla said on Thursday Senate Resolution 9 aims to address the problems caused by the rising prices of oil due to international circumstances like the Russia...
What does it take to own and operate a mining company in the Philippines? Mining is one of the industries that heavily revolves around a number of laws and regulations. On Day 2 of the Philippine Mining Virtual Summit (17 March 2022), Atty Dennis A. Quintero of the Quisumbing Torres Law Office was one of the presenters. Atty Quintero gave a comprehensi...
Photo Integrated energy company Semirara Mining and Power Corporation (SMPC) won four awards in the 12th Institutional Investor Corporate Awards 2022 of Hong Kong-based Alpha Southeast Asia magazine. Based on a poll of over 500 investors and analysts across Southeast Asia, as well as United States and Europe, SMPC emerged as one of the eight best-ma...
The Department of Environment and Natural Resources (DENR) welcomed the nomination of Ma. Antonia “Toni” Yulo-Loyzaga as its new secretary under the administration of President Ferdinand “Bongbong” Marcos Jr. DENR OIC Secretary Ernesto D. Adobo Jr. expressed optimism over Yulo-Loyzaga’s nomination, as he envisions a more climate-resilient Philippines u...
Photo credit: build.gov.ph China on Sunday said it is “negotiating” with the Philippines over the funding of some infrastructure projects after a Philippine transport official bared that these were deemed “withdrawn” due to Beijing’s inaction on funding requests by the previous administration. The Chinese Embassy issued the clarification after Trans...
President Ferdinand Marcos Jr. wants more investments in the rail transport sector as he directed the Department of Transportation (DOTr) to go back to the negotiating table to secure the loan agreements for three big-ticket railway projects, the agency said on Saturday. “The President was referring to the Subic-Clark Railway Project; the Philippine Na...
The loan agreements for three railway projects are now considered “withdrawn” after the Chinese government failed to act on the funding requests by the Duterte administration, an official of the Department of Transportation (DOTr) said Friday. DOTr Undersecretary for Railways Cesar Chavez said negotiations for the three projects began in 2018 and have ...
That is how, Dr. Rogel A. Santos, the OIC-Chief of the Marine Geological Survey Division (MGSD) of the Mines and Geosciences Bureau (MGB) recounted the seminar-workshop that was held on June 6-8, 2022 at Subic Bay Travelers Hotel in Subic Bay, Zambales. The seminar-workshop: “Application of Marine Geophysics and Ecosystem Studies on the Development of Gui...
Photo credit: CNN Philippines - Toni Yulo-Loyzaga Press Secretary Trixie Cruz-Angeles on Tuesday announced the nomination of Ma. Antonia “Toni” Yulo-Loyzaga as secretary of the Department of Environment and Natural Resources. “The President has nominated Ms. Ma. Antonia “Toni” Yulo-Loyzaga as Secretary of the Environment and Natural Resources. Her n...
Photo credit: Celsius Resources Celsius Resources is pleased to announce that the Philippine Mines and Geosciences Bureau (MGB) has granted a six month extension to the exploration permit for the Sagay Copper-Gold Project, extending the permit term up to February 2024. The Sagay Project is held under Celsius’ Philippine subsidiary Tambuli Mining Com...
Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) is exploring the opportunity to tap financing and technical support from World Bank for its proposed Infrastructure Development Plan for Greater Metropolitan Sulu. In his report to Secretary Manuel M. Bonoan, Undersecretary for Unified Projec...
Mining events are slowly transitioning back to face-to-face gatherings, and this is something that Philippine Mining and Exploration Association (PMEA) has been initiating since April with their hybrid meeting. Last 6 June 2022, PMEA’s Monthly Membership Meeting resumes with several attendees who were present at Manila Elks Club that evening. Mr Joey N...
The pandemic has accelerated the need for being nimble, flexible and agile to be resilient to disruption. Digital has emerged as the clear enabler across sectors including Mining. Contrary to popular perception, high impact digitalisation in Mining does not have to be complex; there are many low complexity, high benefit, high impact use cases with rapid R...
Photo credit: Department of Public Works and Highways It is all systems go for the design and build of Samal Island-Davao City Connector Project of the Department of Public Works and Highways (DPWH). A launching ceremony of the bridge project to be funded by Official Development Assistance (ODA) from People's Republic of China (PRC) was held Wednesd...
Photo credit: Global Daily Mirror Government stands to reap upwards of US$200B in export revenues annually from potential foreign investors from the aviation, manufacturing, technology, education, healthcare, and tourism industries, if the vision for the Bulacan Airport Economic Zone is realized, SMC President and Chief Executive Officer Ramon S. Ang s...
Photo credit: Celsius Resources We are pleased to announce we have received outstanding large scale and high-grade assay results from the ongoing drilling program at our flagship MCB copper-gold project, held under our Philippine subsidiary Makilala Mining Company, Inc. (“MMCI”). Highlights Intersection of 611.4m @ 1.39% copper and 0.75g/t go...
Photo: (Standing L-R): Aditya Gupta, Shell Business Opportunity Manager; Sriram Madapura, Shell Head of Renewable Power Development, Asia-Pacific; Jasmine Choo, Shell Vice-President for Onshore Power, Asia; Thomas Brostrom, Shell Executive Vice-President, Renewable Generation; Martin Antonio Zamora, EPI Chairperson; Lorelie Quiambao Osial, Pilipinas Shell...
Philippine Resources Journal congratulates our very own columnist, Atty Fernando “Ronnie” S. Penarroyo, for his recent appointment as the new Chairperson for the Professional Regulatory Board for Geology (PRB Geology). For several years now, Atty Penarroyo has been one of the main contributors in our publication. He specializes in Energy and Resources ...
How important are instrumentation and process control solutions in industries like in mining, water, oil and gas, energy, industrial and process industries? Process control instrumentation are hardware equipment and software that are exceptionally developed over the years for precise measurement, control, and monitoring of process variables, pressure, ...
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