Photo credit: PhilStar The Philippines' proposed National Renewable Energy Program (NREP) 2020-2040 is setting a target of 35 percent share of renewable energy (RE) in the power generation mix by 2030 and 50 percent share by 2040. This was bared by Director Mylene C. Capongcol, OIC of the Department of Energy’s (DOE) Renewable Energy Management Bure...

The pre-construction works for the Metro Manila Subway Project (MMSP) at Camp Aguinaldo have officially begun on Thursday through a groundbreaking ceremony. During the event, Department of Transportation Assistant Secretary Fidel Igmedio Cruz Jr. said the ceremony marked the beginning of the construction of 192 housing units, repair and rehabilitation ...

The Weir Group has agreed to acquire Motion Metrics, a leading Canada-based global mining technology business, for an initial consideration of £89m1 payable in cash upon completion, subject to customary net debt and working capital adjustments. Motion Metrics is the market leading developer of innovative Artificial Intelligence (AI) and 3D rugged Machi...

Ritchie Bros. will conduct its largest auction of the year in Japan, selling more than 200+ vehicles, equipment items and trucks at its site in Narita on November 24-25. The Japan National IronPlanet Auction is set to be the largest of the year, with more inventory to be added daily. Day one of the auction (November 24) dedicated to over 140 passenger veh...

The Philippines and New Zealand will continue to explore cooperation on geothermal energy. This as Department of Energy (DOE) Secretary Alfonso Cusi and New Zealand Ambassador to the Philippines Peter Kell signed the Second Amendment to the Arrangement on Geothermal Energy Cooperation between the two countries on Friday. Cusi said this renewed inter...

Photo credit: Nickel Asia Corporation Facebook Page Nickel Asia Corporation recently announced its unaudited financial and operating results for the nine-month period ended September 30, 2021 with an attributable net income (net of minority interests) of P6.17 billion, 168% higher compared to the P2.30 billion achieved in the same period last year. Ear...

Photo credit: Bilyonaryo Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) reported net income of Php3.48 billion for the three quarters of 2021 compared to the net income of Php490 million for the same period in 2020. Higher metal prices and the stable production in the three quarters sustained the improvement in net income. Me...

Photo credit: Department of Public Works and Highways Construction of the 3.169 kilometer Panguil Bay Bridge Project in Northern Mindanao is moving ahead, with bored piles for the piers and abutments halfway done. In his report to the Department of Public Works and Highways (DPWH) Acting Secretary Roger "Oging" Mercado, Undersecretary for Unified Pr...

In celebration of World Bamboo Day last September 18, The Philippine Mining Club presented a webinar/summit titled "Bamboo Economics and Initiatives to Re-Imagine Mining into Social Enterprises -- A Summit on Re-Imagining, Developing, and Sustaining Mining Communities in the Philippines with Bamboo."   The summit was a 5-hour online event that was ...

Photo credit: Cebu Cordova Link Expressway Corp The Cebu-Cordova Link Expressway (CCLEX) is the island’s new pride as it changes the landscape of the country’s main economic powerhouse in the south, Governor Gwendolyn Garcia said on Friday. “Thank you for believing in Cebu and continuing to believe despite the challenges of the pandemic,” Garcia tol...

Despite the challenges posed by the Covid-19 pandemic, production and favorable metal prices for gold and copper have been sustained since 1Q2021. As a result, the Management and the Board of Directors of Philex Mining Corporation recently announced that the Company generated another quarter of positive results. Philex recorded a Core Net Income of Php716...

Photo credit: Oceanagold OceanaGold Corporation reported its financial and operational results for the quarter ended September 30, 2021. Details of the consolidated financial statements and the Management Discussion and Analysis are available on the Company’s website. Scott Sullivan, Chief Operating Officer & Acting CEO of OceanaGold said, “I am...

The government of Republic of Korea is ready to extend financial support in the conduct of engineering services for the much-awaited inter-island bridges project of the Department of Public Works and Highways (DPWH) in Western Visayas. DPWH Acting Secretary Roger G. Mercado said that moving forward soon following the completion of supplemental feasibil...

Photo credit: Blazinfiremax Department of Transportation (DOTr) Secretary Arthur Tugade on Thursday said improvements in Cebu’s premier airport will play a big role in boosting the tourism economy in the province. Tugade, who led the inauguration of the six-story Mactan-Cebu International Airport’s (MCIA) new corporate building, said the completion ...

Photo credit: Department of Public Works and Highways Officials of the Department of Public Works and Highways (DPWH), Embassy of Japan in the Philippines, and Japan International Cooperation Agency (JICA) Philippine Office held talks on Tuesday, October 26, 2021, where both parties tackled efforts to strengthen bilateral relations on building quality...

October is United Nations Month with its main celebration last 24 October 2021. In response to the United Nations Sustainable Development Goals (UNSDG), the Philippine Nickel Industry Association (PNIA) launched their first sustainability report to highlight the industry’s contribution and impact to local communities for 2020. They presented their report ...

As of September 30, 2021, construction progress of the 8.9-kilometer Cebu-Cordova Link Expressway (CCLEX) project was at 85.38 percent. The P30-billion toll bridge, which will be substantially completed by the end of 2021, will use an all-electronic toll collection system when it opens in the first quarter of 2022 to provide motorists safe and seamless...

TVI Pacific Inc. is pleased to announce the completion of a second shipment of gold doré from the Balabag gold and silver project. Balabag is owned 100% by TVI Resource Development Phils., Inc. a Philippines corporation in which TVI holds a 30.66% interest, and is located in Zamboanga del Sur, Philippines.  Continuing Gold Production at Balabag Gold-Si...

A portion of the Calbayog City Coastal Road project in Calbayog City. The project, which is up for completion in 2025, is now 83 percent complete, the Regional Development Council’s regional project monitoring committee reported on Monday (Oct. 18, 2021). (Photo courtesy of Mel Senen Sarmiento) About 83 percent of the Calbayog City Coastal Road Project...

The Alsons Power group’s 14.5 mega-watt (MW) ₱ 4.5 billion run- of- river hydroelectric power plant at the Siguil River basin in Maasim, Sarangani Province is on- track to begin operations in 2022 to provide a source of renewable power to key areas of Mindanao. The photo shows ongoing work on the plant’s powerhouse that will contain the hydropower turb...

As the Malampaya natural gas field is drying up, Mindanao might have the indigenous energy resources to energize the country. In a webinar of Davao International Conference 2021 Thursday, PNOC Exploration Corp. (PNOC EC) vice president for upstream operation Jaime Bacud said Mindanao is rich in indigenous resources that can support the country’s energy...

Photo credit: SMA Solar Technology - Catalagan Solar Farm A lawmaker on Monday appealed to the Department of Energy (DOE) to expedite the process of approvals for power plants, especially for renewable energy (RE), as the possibility of “energy crunch” looms due to the impact of oil price hikes. Albay Rep. Joey Salceda said the possible “energy crun...

Photo credit: Department of Public Works and Highways The newly installed Acting Secretary of the Department of Public Works and Highways (DPWH) immediately made his presence felt on the ground, inspecting the on-going Binondo Intramuros Bridge Project. Secretary Roger G. Mercado said that although reports can be read inside airconditioned office or...

Photo credit: Department of Public Works and Highways The newly appointed Head of the Department of Public Works and Highways (DPWH) has formally assume the agency leadership. Former Secretary Mark A. Villar handed over the stewardship of DPWH to Acting Secretary Roger G. Mercado during the turnover ceremony on October 14, 2021 at the DPWH Central O...