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...

The ongoing construction of the Binondo-Intramuros Bridge project could possibly open to motorists in the first quarter of the year 2022. In a media release on Saturday, Department of Public Works and Highways (DPWH) Undersecretary for Unified Project Management Office (UPMO) operations Emil K. Sadain said the PHP3.39-billion bridge project across Pasi...

Photo: Bicol International Airport (Presidential photo) President Rodrigo Duterte on Thursday afternoon inaugurated commercial domestic operations at the Bicol International Airport (BIA) after 11 years of delay. The PHP5 billion international airport facility in Daraga, Albay, will start receiving commercial domestic flights on Thursday and will be...

Photo credit: TVIRD - TVIRD’s field office and processing plant sit at the crest of Balabag Hill – which provides a good vantage point for monitoring its mining operations and progressive rehabilitation as well as a proper slope for directing effluents to its tailings storage and impoundment facility down below. Mining stakeholders of this town are jub...

Photo credit: Cebu-Cordova Link Expressway The Cebu-Cordova Link Expressway (CCLEX) reached a major construction milestone on Tuesday with the final main bridge piece now cast, cementing a feat that is more than three years in the making. The Metro Pacific Tollways Corp. (MPTC) and its subsidiary, Cebu Cordova Link Expressway Corp. (CCLEC), wrapped ...