Photo credit: Paul Putong/The United States Embassy for the photos  The Philippines is acknowledged to be the fifth most mineralized country in the world, with an estimated USD1 trillion in untapped reserves of copper, gold, nickel, zinc and silver. Recent statistics from the Mines and Geosciences Bureau (MGB) indicate that there are only 49 operating ...

The year 2022 saw a myriad of challenges as the Russian war on Ukraine, inflation, market volatility, food shortages, rising energy prices, and lingering pandemic impacts continue to shape global markets. The early part of last year was a robust period for the metals and mining sector. The industry was buoyed by record high prices for some commodities, su...

Commentary by: Mr. Francisco “Jun” Delfin Mr. Francisco “Jun” Delfin is Vice President & COO of PetroGreen Energy Corp. (PGEC) and President of Maibarara Geothermal Inc. (MGI), subsidiaries of publicly-listed and Yuchengco Group of Companies (YGC) affiliate PetroEnergy Resources Corp.  He is a geologist with a PhD in public administration from the ...

Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) met anew with the Asian Development Bank (ADB) mission to plan and assess the way forward for the realization of Laguna Lakeshore Road Network (LLRN) Project – Phase 1 after the detailed engineering design. DPWH Secretary Manuel M. Bonoan, Se...

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Photo credit: The Department of Public Works and Highways Motorists may soon enjoy seamless access from North Luzon Expressway (NLEX) to España Boulevard in Manila City with the completion of the Section 1 of NLEX-SLEX Connector Road. Department of Public Works and Highways (DPWH) Secretary Manuel M. Bonoan and Department of Transportation (DOTr) Se...

Photo: NLEX-SLEX Connector Road Project The Department of Public Works and Highways (DPWH) will receive over PHP495 million for the acquisition of right-of-way for the NLEX-SLEX Connector Road Project (NSCRP), the Department of Budget and Management (DBM) announced Tuesday. This, after DBM Secretary Amenah Pangandaman approved the Special Allotment ...

Delfin Lorenzana, chairperson of the Bases Conversion and Development Authority delivers his message during the BCDA Fellowship for Central Luzon Media at Hilton Clark Sun Valley Resort in Clark, Pampanga province on Tuesday (Feb. 28, 2023). Lorenzana calls on all sectors to unite for the progress and development of New Clark City as well as nearby areas ...

Photo credit: Celsius Resources Highlights Assay results from three additional drill holes have all confirmed further extensions to the shallow, high-grade copper mineralisation at MCB.   Assay result highlights include: 51.3m @ 0.93% copper and 0.06g/t gold from 7.7m in drill hole MCB-042   101.5m @ 0.90% copper and 0.18g/t gold ...

Photo credit: Bilyonaryo Integrated energy company Semirara Mining and Power Corporation (SMPC) ended 2022 with a consolidated net income of P39.9 billion, more than double (146%) its previous-year all-time high of P16.2 billion. Robust domestic coal shipments and higher spot electricity sales, along with elevated market prices account for the recor...

Photo credit: Bilyonaryo - Philex Mining Corporation  Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, and an advocate of right and principled mining, announced the completion of its financial results for Y2022. The Company added Php190 million Core Net Income in 4Q2022 to the Php1.543 billion cor...

Philippine Resources Journal welcomes a new contributor to our editorial team, Engr. Edison Mating. Based in Baguio City, Edison is a mining engineer specializing in mine planning and mining studies. He also promotes global mining education as a volunteer in various academic institutions. He has worked with some of the biggest mining companies in th...

Photo credit: OceanaGold OceanaGold Corporation reported its financial and operational results for the three months and full year ended December 31, 2022.  Gerard Bond, President and CEO of OceanaGold said, "2022 was a successful year on multiple fronts for OceanaGold. We achieved record low safety outcomes, outperformed at Haile, returned Didipio t...

Photo credit: TVI-Agata's nickel DSO process To paraphrase a popular mining saying, “They are making a ton of money and the Philippines is not getting a nickel.” The Philippines needs to maximize revenue from its nickel mining operations. Further up, the mining value chain presents more opportunities for the country to realize the contribution of minin...

Photo credit: Global Ferronickel Holdings The Mines and Geosciences Bureau (MGB) has clarified that the Mineral Production Sharing Agreement (MPSA No. 017-93-IV) between the Philippine government and Ipilan Nickel Corporation (INC) remains in force and valid until 10 April 2025. This allows INC, a subsidiary of diversified conglomerate Global Ferronick...

Photo: Participants of the Consultation Meeting for the Implementation of DAO No. 2022-04 The Mines and Geosciences Bureau (MGB) and the Biodiversity Management Bureau (BMB) of the Department of Environment and Natural Resources (DENR), together with the DENR Global Environment Facility / United Nations Development Program Biodiversity (UNDP-BD) Corrid...

The Department of Public Works and Highways in Central Luzon (DPWH-3) said on Monday it will implement a total of 2,452 infrastructure projects this year. DPWH-3 Regional Director Roseller A. Tolentino said some PHP98.47 billion was allocated for the implementation of various projects in the region. Tolentino said Central Luzon received a 35.24 perc...

Photo: Bacolod City Mayor Alfredo Abelardo Benitez (right) with officials of China-based Jiangsu Fengchuen New Energy Power Technology Co. Ltd., who arrived in the city earlier this month. On Monday (Feb. 20, 2023), Benitez said they are studying the firm's formal proposal to establish an electric-vehicle manufacturing plant in the city. (Video grab from ...

Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) once again met with Japan International Cooperation Agency (JICA) on the implementation of the JICA-grant – Technical Cooperation Project (TCP) on Road Disaster Preventions and Other Countermeasures on Mountainous Roads in the Philippines. He...

Photo credit: Malampaya gas field  Fitch Solutions said the Philippines’ gas consumption outlook remains bullish but the administration’s aggressive push for renewable energy (RE) poses downside risks to natural gas consumption in the power sector. In a commentary released to the media on Wednesday, Fitch Solutions said the country’s gas consumption...

Photo credit: Department of Public Works and Highways The Japan International Cooperation Agency (JICA), the agency in charge of administering Government of Japan's Official Development Assistance (ODA), is committed to support the Philippines wide ranging infrastructure program focused on socio-economic development. President Ferdinand R. Marcos Jr...

Photo: (seated from left) Senator Mark Villar, House Speaker Martin Romualdez, Former President Gloria Macapagal-Arroyo, Philippine President Ferdinand R. Marcos Jr., Department of Trade and Industry Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., together with AboitizPower Chairman Sabin Aboitiz and JERA President Sato...

Photo: (Seated, L-R) Senator Mark Villar, House Speaker Martin Romualdez, Senior Deputy Speaker and Former President Gloria Macapagal-Arroyo, Philippine President Ferdinand R. Marcos Jr., Department of Trade and Industry Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., and Philippine Ambassador-designate to Japan Mylene ...

Photo credit: South East Asia Infra The Metro Manila Subway Project (MMSP) is expected to improve living standards, including the riding public, and propel the country’s economic rebound, Transportation Secretary Bautista said Monday. At the groundbreaking ceremony for the MMSP’s Contract Package 103, Bautista said the big-ticket railway project has...