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Philippine Resources - March 10, 2021
Chamber of Mines to tap Independent Verifiers
According to a top official, the Chamber of Mines of the Philippines (COMP), which represents some of the country's largest mining companies, will hire independent verifiers to assess members' compliance with society's growing standards regarding the mining industry's social, economic, and environmental performance. COMP Chairman Gerard Brimo said that the main task of the verifiers is to review COMP members’ self-assessment reports on their mining projects. This is amid the adoption of Towards Sustainable Mining (TSM), an environment and social governance standard established by the Mining Association of Canada (MAC). “This year, we will begin our search for independent external verifiers who will be tasked to evaluate the self-assessment reports of mining projects,” said Brimo, who also serves as the President of Nickel Asia Corp. “The external verifiers who will be vetted and approved by the COI [Community of Interest] Panel will undergo extensive training early next year with the assistance of MAC as we prepare for external verification of our members’ reports in 2023.” In 2017, COMP adopted TSM in response to President Rodrigo Duterte’s that he will support mining as long it follows the Australian and Canadian standard. In spite of the ire of the pandemic last year, COMP completed the “Filipinization” process for TSM to make sure that the program is responsive to Philippine conditions. A COI Advisory Panel has approved this and was sent to COMP members in August and September. ‘’We have strong faith in TSM’s continuous standard enhancement approach spearheaded by Canada. Not only will TSM help our members further improve their operations,” said Brimo. More importantly, it will tremendously boost our efforts to meet society’s growing expectations on the mining industry’s social, economic, and environmental performance.” Other countries that have also adopted the TSM include Norway, Argentina, Spain, Brazil, Botswana, Finland, and Australia.
Philippine Resources - March 10, 2021
THPAL Wins First PMIEA Award
Presidential Mineral Industry Environmental Award (PMIEA) from the Mines and Geosciences Bureau (MGB) and of the Department of Environment and Natural Resources (DENR) has awarded Mineral processing plant Taganito HPAL Nickel Corporation (THPAL) with its first presidential award, the Best Mining Forest Award in the mineral processing plant category for 2020. MGB and the Philippine Mine Safety and Environment Association (PMSEA) have also awarded THPAL as runner-up in the safest mines award in the same category. Started in 1997, the annual awards industry players for "outstanding levels of dedication, initiative, and innovation in the pursuit of excellence in environmental management, development of host and neighbouring communities, land use improvement, exploration, and mining site rehabilitation and final decommissioning." In spite of the pandemic, the awards ceremony still pushed through, said MGB. The awards committee has conducted offsite validations on 18 contenders through the use of technology and with the help of the MGB's regional offices. "This recognition speaks of THPAL’s commitment towards community transformation, environmental protection, and promotion of safety culture. This is in line with the philosophy of total development by improving the quality of life while caring for the wealth of creation given to mankind. The Management is grateful to all employees who exerted their tireless effort to make THPAL’s commitment possible, and this award is just an outcome of such relentless dedication,” THPAL Plant Manager Osamu Nakai said.
Philippine Resources - March 10, 2021
Philex Still Searching for Strategic Partners
In the development of the Silangan copper and gold project in Surigao del Norte, Philex Mining Corporation has continued its search for strategic partners, saying that it is currently in discussion with potential investors. “We are closely working with our financial advisors in the search for a strategic partner and this includes several major Chinese mining companies,” Philex said. Philex president and CEO Eulalio Austin earlier said that Morgan Stanley is helping the firm with its search. However, searching for the right investors has proved to be challenging as the firm earlier targeted to raise at least $350 million by the first half of 2020, which was to be raised as equity, and the balance of $400 million through loans. “The pandemic has slowed down global M&A (merger and acquisition) transactions and the investors for Silangan project is no exception,” Philex said. In December, the Department of Environment and Natural Resources (DENR) has renewed its mineral production sharing agreement (MPSA) - which covers another 25 years of its wholly-owned subsidiary, Silangan Mindanao Mining Co. Inc., the operator of the $750-million Silangan copper and gold project. Austin said that the firm is working closely with the financial advisor to bring Silangan into operation and to also optimize its Padcal mine. The firm also added that with the recent trend in costs, the long-erm prospective for copper and gold has also tremendously increased the interest of global investors in the Silagan project. Philex noted that its core net income jumped from P156 million in 2019 to P1.16 billion in 2020. The costs of gold were at the highest in the third quarter, which has reached $1,915 per ounce, and copper was at $3.43 per pound in December 2020. Operating revenues went from P6.79 billion to P7.8 billion. In the first and third quarter of 2020, tonnage milled at an average of 1.985 million tons per quarter. In the fourth quarter, this decreased to 1.881 million tons because of the impact of COVID. In spite of this, the production of gold went up to 56,000 ounces, and also produced 26.38 million pounds of copper. In total, Philex produced 56,000 ounces of gold and 26.379 million pounds of copper.
Philippine Resources - March 05, 2021
PSE Proposes Changes to the Mineral Reporting Code
In order to meet international reporting standards, the Philippine Stock Exchange Inc (PSE) has given suggested changes to the 2007 Philippine Mineral Reporting Code (PMRC). According to its memorandum, PSE said that it gave a proposal to involve talks on the remediation and mediation plans of the impact of the environmental, social, and health. Another proposal is the inclusion of a statement that confirms the compliance of an accredited competent person or the report in the 2020 PRMC version. Other revisions that the PSE suggests include the editorial revisions, accredited competent person’s content to the public disclosure of the report; and the revelation of any potential conflict of interest with the issuer’s related parties as defined in the PSE’s consolidated listing and disclosure rules.The PSE said that the 2007 mineral reporting code details the minimum standards needed which is to be followed by the stakeholders for the public reporting of mineral resources, exploration results, and ore reserves. The PSE said the proposed 2020 code was “modelled substantially after the 2019 International Reporting Template of the Committee for Mineral Reserves International Reporting Standards and the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves of the Australasian Joint Ore Reserves Committee.”The Philippine Mineral Reporting Code Committee (PMRCC), however, started the review of the reporting code in Feb. 2019 to make it at par with global reporting standards. It has also proposed changes such as revising the term “competent person” to “accredited competent person”, some technical studies, modifying reporting terminologies; and requiring the reporting of metal equivalents. “Another proposed revision is the inclusion of a transitory provision, which states that the 2020 PMRC shall be fully implemented two years after SEC approval and that during said two-year transitory period, the reporting company shall comply with the 2007 PMRC but may choose to comply with the 2020 PMRC,” the memorandum said.Ronald S. Recidoro, executive director of the Chamber of Mines of the Philippines, said that they fully support the proposed amendments to the PMRC. He added that the chamber is working closely with the PMRCC to upgrade the mineral code of the country and other concerns. “Once approved, the PMRC will give due recognition to the work being done by Filipino geologists, mining engineers, and metallurgists in determining and reporting on mineral resources and reserves,” Recidoro said.PMRCC Chairperson Ciceron A. Angeles, Jr. said he is hopeful of the approval of the 2020 PMRC “Our current PMRC 2007 edition is no longer compatible with the international mineral reporting codes recognized by stock exchanges other than the PSE,” he said.
Philippine Resources - March 02, 2021
Philex Posts P1.23 Billion Income
Philex Mining Corporation posted a net income of P1.23 billion which can be attributed to parent company equity holders last year on the back of lower expenses and higher revenues. The Pangilinan-led mining firm noted a turnaround from its P647,78 million attributable net loss in the previous year, and also reported a core net income of P1.16 billion, seven times higher than last year. Its revenues in 2020 also improved to P7.83 against P6.79 billion in 2019. The cost went down nearly 9% to P6.3 billion from P6.92 billion previously because of efficient operations and cost management.According to Philex, the fourth quarter tonnage fell to 1.88 million tons as compared with 1.99 million tons in the previous quarter. This was because of the temporary stoppage of underground operations after a number of personnel tested positive for the virus. “The shutdown was necessary to undertake COVID-19 mass testing of miners and contain the local transmission of the virus,” it said. “Despite the COVID-19 related temporary shutdown, the company produced a total of 56,000 ounces of gold and 26.38 million pounds of copper (in 2020), higher than full-year 2019 production of 53,064 ounces of gold and 25.74 million pounds of copper.”The firm added that it would optimize its Pacdal mine in Benguet and on strategic planning for its Silangan copper and gold mine project in Surigao del Norte. Eulalio B. Austin Jr., Philex president and chief executive officer, said that this positive outlook has boosted the interest of the global economy. “We are closely working with our financial advisor to bring Silangan into operation in the soonest possible time and at the same time optimizing the Padcal Mine,” he said.Meanwhile, Philex Chairman Manuel V. Pangilinan said that those who would survive the effects of the pandemic are those businesses that can adapt to change. “Thankfully enough, Philex as an export-oriented company was permitted to operate by the government despite the community quarantine, providing revenues to allow us to concentrate on… the health and financial well-being of our employees; maintaining service excellence to our customers; and assistance to the government in caring for those most affected,” he said, “Mining shall and always will be a key economic driver towards inclusive national growth. Mining has the potential to provide much-needed revenue for the government’s response against the pandemic, particularly in the purchase of vaccines, if it is allowed to flourish.”On Friday, the shares of Philex Mining at the stock exchange increased to 1.22% or six centavos to conclude at P4.96 apiece.
Philippine Resources - March 01, 2021
Francisco Named as MMDC’s Consulting Operations Head
Marcventures Mining and Development Corporation (MMDC) has a new consulting operations head for its nickel mine operations in Surigao del Sur. Eduardo Francisco, a registered professional mining engineer with over 30 years of experience in open-pit mining, engineering and operations, has worked for Rio Tuba Nickel Mining Corporation for 18 years before moving to Canada where he continued his career.Among the responsibilities he has had in his storied career include being a mine coordinator for the Agrium (Nutrien) phosphate mine, senior mine engineer of Syncrude Canada oil sands mine, technical lead for Imperial Oil (Exxon) oil sands mine, development specialist for Suncor Energy oil sands mine, director for Operations for Canadian Silica Industries, and manager for Capital projects of Barrick Gold mine and senior mine engineer for De Beers Canada diamond mine.Armed with a degree of Bachelor of Science in Mining Engineering from Adamson University, his new position takes him to the forefront of the mining operations in Surigao, and other projects.
Philippine Resources - February 26, 2021
DOTr: P741.4 Billion CAPEX Allotted for Multiple Railway Projects
According to the Department of Transportation (DOTr), a total of P741.4 billion of capital expenditures (capex) is going to be used for the development of multiple railway projects in Luzon and Mindanao. Timothy John Batan, the transport undersecretary for railways, said that the government is allocating this budget for at least 11 railway projects to decongest Metro Manila, moving the country to progress. Among some of these railway projects include: LRT-1 Cavite Extension - P65 billionLRT-2 East Extension - P9.5 billionLRT-2 West Extension - P10.1 billionMRT-3 Rehabilitation - P30 billionMRT-4 - P49.8 billionMRT-7 - P68.2 billionMetro Manila Subway - P357 billionCommon Station - P2.95 billionNorth-South Commuter Railway - P777.6 billionSubic-Clark Railway - P50 billionPNR Bicol / South Long Haul - P175.3 billionMindanao Railway - P81.7 billionBatan added that from 77 kilometres in 2016, the railway network will soon expand to 1,209 km by 2025, comparable to the 170.2 km rail network of Jakarta, Seoul's 490 km, Tokyo's 700 km, and Shanghai's 690 km.Aside from the funding from the government, the available funds will also come from the official development assistance (ODA) loans from Japan International Cooperation Agency, Asian Development Bank, the Chinese government, and from the public-private partnership (PPP) scheme, Batan said."We really need mass public transport. And trains or railways are the most efficient form of mass public transport with the highest capacity. That is why we are pushing for the funding of these projects even through loans," Batan said.He noted that ODA loans are offered to the Philippines for as low as 0.1 per cent per annum, 40 years to pay, with 12 years grace period for payment.He hopes that this railway project will decongest and replace thousands of jeepneys and cars on the road.
Philippine Resources - February 26, 2021
New Cebu Port Civil Works to Start Q2 2021
The civil works of the new Cebu international container port will start during the second half of 2021.This was revealed during the online 160th Maritime Forum of the Maritime League, Engr. Romel Pagarom, acting manager of CPA’s Planning and Monitoring Division, said that the groundbreaking of the NCICP is scheduled for August 16.The cost of the project is $118 million (roughly P5.9 billion) with around 35 months or approximately 3 years to build it, he said. But of course, there have been a few delays to the project. The National Economic and Development Authority (NEDA) in 2016 gave CPA, with the Department of Transportation (DOTr) as its lead implementing agency, the clearance to pursue the project. The construction of the project was supposed to start in 2018 but was pushed back to November 2020. Pagarom also added that they face several issues before proceeding with the civil works - Road-Right-Of-Way (RROW) acquisition which will connect the international port to the main road in Barangay Tayud (the MOA has already been drafted), and the need to work on the working visa of the South Korean consultants. Around P132 million is expected to be downloaded to Consolacion’s coffers if the agreement’s implementation would finally push through.“MOA was forwarded by Legal Service to the Office of the Secretary on January 20, 2021, for Sec. (Arthur) Tugade’s approval prior transfer of funds to the LGU of Consolacion. Thus, the PMU (Project Management Unit) will closely monitor the approval of the MOA and preparation of request for fund transfer of P132 million to LGU Consolacion,” said Pagarom.For the working visa of the consultants, project proponents will be sending out a reiteration letter to the Department of Foreign Affairs (DFA). Last January 20, 2020, DOTr issued the notice of award for the US$5.4-million consultancy services for the NCICP project to South Korea-based Yooshin Engineering Corporation.Some of the features of this new facility include a berthing facility with a 500-meter long quay wall that can host two 2,000 twenty-foot equivalent unit (TEU) vessels at the same time; operating facilities and structures for containers; a bridge and an access road; and a dredged waterway and turning basin.This will soon serve international cargoes and the current CIP will be transformed into a domestic port to address the decongestion problems.
Philippine Resources - February 25, 2021
Value of Philippine Metallic Mining Industry Increases by 1.3%
Due to improved nickel volumes, the output of the value of the metallic mining industry has increased by 1.3% to P132.21 billion.This was according to the Mines and Geosciences Bureau (MGB), which said in a report that nickel ore and its bye-products accounted for 51.8% or P68.48 billion of the total, and gold at 36% or P47.60 billion, copper at 11.25% or P14.88 billion, followed by silver, chromite, and iron combined at P1.26 billion. The volume of nickel ore increased to 2.2% year on year to 333,962 metric tons (MT), and valued at P38.39 billion. “Of the 30 nickel mines, the key producers were Taganito Mining Corp. (TMC) with 67,324 MT, followed by Rio Tuba Nickel Mining Corp. (RTNMC) with 46,571 MT. In third was Platinum Group Metals Corp. with 32,848 MT,” the MGB said.The MGB added that 11 mining projects announced zero output because of either maintenance care or subject to suspension orders by the government. The MGB noted that nickel benefited from the increase in metal prices because of supply disruptions and strong demand from the stainless steel industry in China. It also flagged an overall reduction in supply due to Indonesia’s nickel ore export ban.“Tight supply coupled with strong demand will naturally push prices to better levels. Next to Indonesia, the Philippines is the largest supplier of nickel ore to China,” the MGB said. “China was still the country’s top export market for its nickel ore followed by Japan in 2020.”In 2020, mixed nickel-cobalt decreased to 49,647 MT, valued at P29.76 billion. A year earlier, the corresponding totals were 51,144 MT, worth P31.70 billion.Taganito HPAL Nickel Corp. based in Surigao del Norte produced 62% or 30,587 MT, followed by Coral Bay Nickel Corp. in Palawan with 38% or 19,060 MT.Meanwhile, the MGB said that the output of silver, gold, and copper declined in 2020 due to the suspension of the Didipio Gold-Copper Project of OceanaGold Philippines, Inc. in Nueva Vizcaya.In 2020, gold output dropped 15.6% to 17,424 kilograms (kg). By value, however, the precious metal rose 0.5% to P47.60 billion.MGB said Philippine Gold Processing Refining Corp. in Masbate produced 6,045 kg valued at P15.33 billion. The output of silver decreased to 23.2% to 24,024 kg in 2020, while the value declined 6.9% to P770.50 million.Apex Mining Corp. was the top silver producer - with 11,631 kg, worth P0.38 billion.The MGB said copper output in 2020 fell 15.4% to 60,856 MT valued at P14.88 billion. Cebu-based Carmen Copper Corp. produced 48,576 MT valued at P11.19 billion, and then by Philex Mining Corp. with 11,964 MT worth P3.65 billion, and Lepanto Consolidated Mining Corp. 316 MT valued at P0.42 billion.Meanwhile, the MGB said that the costs for gold and silver were higher than during the pre-pandemic. The firm said the average gold price in 2020 was $1,770.21 per troy ounce, up 27.3%. Silver prices rose 26.6% to $20.45 per troy ounce.“Experts said that the upward trend for precious metals gold and silver was attributed to depreciation in the US dollar and lower interest rates,” MGB said.
Philippine Resources - February 25, 2021
Cavitex - C5 Link to Open Next Year
The construction of the new segments of the P15-billion Cavitex C-5 Link Expressway is underway, which may open to the public second quarter of 2022.According to Roberto V. Bontia, Cavitex Infrastructure Corporation (CIC) president and general manager, the company would "stick to the timeline as close as we can be" to open the new segments in 2022."We are doubling our efforts on the construction of Segment 2 and Segment 3A-2 this beginning of 2021," he said.With construction activities in full throttle, CIC said that the C5 Link Expressway is composed of Segments 2 and 3. Segment 2 is a 1.9-kilometre, 2x3 lane expressway from Cavitex (R1) Expressway to a proposed interchange at Sucat Segment 3A-2. The interchange is a sub-section of Segment 3 and is a 1.6-kilometre, 2x3 lane expressway from Merville to RSG Subdivision in Parañaque.When opened, this expressway can host up to 500,000 motorists a day, and also cut travel time from 1 hour to 10 minutes. With the construction, however, motorists may experience heavy traffic along that path. “There will definitely be an effect on the passage of our motorists in the construction areas," Bontia said. "We are working together with our [joint venture] partner the Philippine Reclamation Authority and the PEATC (PEA Tollway Corporation) on the implementation of the traffic management activities at Cavitex R1 segment," he added.
Philippine Resources - February 23, 2021
Construction Industry to Rebound in 2021
With many infrastructure projects ongoing, the construction industry is set to make a comeback this year. According to the Philippine Constructors Association (PCA) President Wilfredo Decena, the construction companies can contribute greatly to the recovery of the economy after going down 26% last year, bringing the national gross domestic product (GDP) to a steep 9.5% year-on-year drop. Recently, Fifth Solutions increased its growth forecast for the construction industry to 9.5% this year, near the 10% growth pre-pandemic. Decena said that what would contribute to the growth of the economy is timely spending on infrastructure, in spite of the private construction investments, with the national government allocating P1.1 trillion of the P4.5 trillion national budget. In the PCA regular meeting, he said, “We are hearing of contractors, particularly the small and medium companies, being unable to close any projects at this time. Public investments need to fill the gap until investor confidence is restored.”Decena also added that contractors should immediately pay since they were already shouldering the costs of any COVID-issues.The PCA also said that they should rethink the supply chain conditions, and work on the spiralling costs of materials, as well as the possible entry of foreign contractors in the country - which would eventually displace Filipino contractors. “This is happening while other countries have taken steps to protect and support their local industry amid the global pandemic,” Decena said.PCA also said that it is further expanding its knowledge and skills program to address the challenges of a shortage of skilled labour and that its members should continue following safety protocols.
Philippine Resources - February 22, 2021
DOTr Seeks Bidders for the Cebu BRT Project
The Department of Transport has begun seeking bidders for the first package of the World Bank-funded Cebu Bus Rapid Transit (Cebu BRT) project.The department said in its website, “The P1.05-billion contract covers sidewalk improvement and construction of trunk lines, stations, and other appurtenances from “Capitol to Cebu South Bus Terminal, including urban realm enhancement (link to the port) along Osmeña Boulevard.”It added that the project should be completed in 240 days. The department will do the bidding through World Bank’s international competitive bidding procedures, and the firms should not have a conflict of interest, such that it is “providing goods, works, or non-consulting services resulting from or directly related to consulting services for the preparation or implementation of a project that is provided or were provided by any affiliate that directly or indirectly controls, is controlled by, or is under common control with that firm.”Considered to be a conflict of interest is its link with family or business relationships and when a firm “submits more than one bid, either individually or as a joint venture partner in another bid, except for permitted alternative bids.”“Any firm found to have a conflict of interest shall be ineligible for award of a contract,” the World Bank said.The department said that the bidding documents may be downloaded from its website and that firms should pay a non-refundable fee of $250 for the bidding documents not later than the submission of their bids.A pre-bid conference will be held on March 2.“All bids must be accompanied by a bid security in the amount and form indicated in the bidding documents,” it said.Meanwhile, the Department said regarding the Cebu BRT, expected to serve around 600,000 passengers each day, “The 13.2-kilometre bus rapid transit lane will traverse the South Road Properties (SRP) through Mambaling, up to IT Park, with 17 stations, two terminals, and one depot. Along with the BRT, there will be a 20.2-kilometre bus feeder system to run with mixed traffic, complemented with sidewalk bus stops/shelters along the following routes: Cebu IT Park-Talamban, Mambaling-Bulacao, and Talisay-SRP.”
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Philippine Resources - February 22, 2021
Cebu-Cordova Bridge Expected to be Finished by December 2021
The P30-billion Cebu-Cordova Link Expressway (CCLEx) is expected to be “substantially completed” this December, according to its developer.“CCLEx is expected to be substantially completed in December 2021,” Cebu Cordova Link Expressway Corp. (CCLEx) said in a statement posted on its official website. “As of January 2021, the overall engineering, procurement and construction (EPC) contract of CCLEx is at 68.21% while construction progress alone is at 59.68%.”A subsidiary company of Metro Pacific Tollways Corp., the tollways arm of Metro Pacific Investments Corporation (MPIC), CCLEx recently finished the two main bridge pylons that will link the city of Cebu to Cordova, in the south of Mactan Island. This was supposed to open in March last year.CCLEx President and General-Manager Allan G. Alfon said last year that they had to review the impact of the pandemic on the completion timeline.
Philippine Resources - February 22, 2021
26 Mining Projects to Start This Year
At least 26 mining projects will start this year.According to Mines and Geosciences Bureau (MGB) director Wilfredo Moncano, these projects have already finished their documentary requirements, allowing them to proceed with development.“These are MPSAs (mineral production sharing agreements) that had waited for a long time to develop and commercially operate and think now is the right time because of the high demand for aggregates, sand and gravel, limestone as cement feed, and other construction industry raw materials,” he said.Because of the recent effects of the pandemic, the government has been thinking of ways to boost the economy. One of those experiencing robust growth is mining - which can improve the economy through taxes, increased exports, and employment. In addition, the mining sector has already been enjoying good costs for most minerals. Moncano said that these mines include eight metallic mines and 18 non-metallic mines.“Although most of them are in the non-metallic category, these new mining projects support the Build Build Build program of the government,” he said. “The metallic mines have a longer development period even up to three years but, yes, within the year, all these companies will start development works.”Larry Heradez, Mining Tenements Management Division chief of MGB, said the $750-million Silangan copper and gold project in Surigao del Norte of Pangilinan-led Philex Mining Corp. is one of the 26 firms expected to begin this year.This is also a response to the rising demand in China as consumption remains strong, and where 90 per cent of the country’s nickel exports goes to that country.
Philippine Resources - February 18, 2021
DPWH Allocates P1.23 billion for Feasibility Projects of Infrastructure Projects Nationwide
According to the Department of Public Works and Highways (DPWH), a total of P1.23 billion has been allocated under the 2021 General Appropriations Act (GAA) for the feasibility studies of 82 infrastructure projects nationwide.DPWH Secretary Mark Villar said that these projects are undergoing preliminary and detailed engineering design, economic analysis, technical studies, and traffic impact assessment.“On top of thousands of ongoing projects under DPWH, 82 new high-impact projects are being studied so we can further improve road network across the country,” he said. “Timely studies are critical as they lay the foundation for the implementation of civil works phase.”Villar said that in Luzon, 33 proposed projects have already received government funding amounting to P36.9 million and P11 million for the Ilocos region. Meanwhile, the Cordillera Administrative Region has received PHP94.4 million for seven projects; four in Region 2 (Cagayan Valley) worth PHP37.5 million; four in Region 3 (Central Luzon) -- PHP60 million.Other funding for projects includes seven in Region 4-A (Calabarzon) -- PHP126.3 million; four in Region 4-B (Mimaropa) worth PHP68.6 million; five projects in Region 5 (Bicol) -- PHP47.1 million In the Visayas region, 19 projects composed of three in Region 6 costing PHP66.4 million; six in Region 7 (Central Visayas) costing PHP106.2 million; the 10 projects in Region 8 (Eastern Visayas) -- PHP108.9 million In Mindanao, 29 projects: Region 9 (Zamboanga Peninsula) - PHP71.4 million; 11 projects in Region 10 (Northern Mindanao) -- PHP160.4 million; four projects in Region 11 (Davao) costing PHP51.5 million; two projects in Region 12 (Soccsksargen) with PHP17.4 million’ and eight projects in Region 13 (Caraga).The Poblacion Sta. Maria-Malungon Road, an inter-regional road connecting Davao del Sur to Sarangani has also received study funding amounting to PHP17.4 million.