Nickel Asia Corporation recently announced its unaudited financial and operating results for the three-month period ended March 31, 2022 with an attributable net income (net of minority interest) of P1.05 billion, an 80% increase from P584 million net income reported during the same period last year. Earnings before interest, tax, depreciation and amortiz...

Department of Transportation (DOTr) Secretary Arthur Tugade Thursday signed a contract worth PHP17.75 billion as part of the first phase of the Metro Manila Subway. The contract package, dubbed CP104 and that was awarded to Tokyu-Tobishima Megawide Joint Venture (TTM-JV), includes the construction of two subway stations and tunnels at Ortigas North and...

Photo credit: Bilyonaryo OceanaGold Corporation reported its financial and operational results for the quarter ended March 31, 2022. Details of the consolidated financial statements and the Management Discussion and Analysis are available on the Company’s website. Gerard Bond, President and CEO of OceanaGold, said “OceanaGold has started the year st...

Photo credit: Bilyonaryo Atlas Consolidated Mining and Development Corporation (“Atlas Mining”) reported another record net income of Php1.22 billion for the first quarter of 2022 compared to the net income of Php420 million for the same period in 2021. Higher production and higher metal prices sustained the strong performance of Atlas Mining. The i...

Integrated energy company Semirara Mining and Power Corporation (SMPC) has completed its backfilling operations in Panian, once the largest open-pit mine in the Philippines. SMPC spent 11.5 million man-hours to fill the pit with over 452 million bank cubic meters (bcm) of earth material, which is enough to fill 217,000 Olympic-size swimming pools. “...

Photo:  Philex Mining Corporation (the “Company” or “Philex”), one of the oldest and largest gold and copper producers in Southeast Asia, and a leader in right and principled mining, generated Php676 million Core Net Income and EBITDA of Php1.182 billion for 1Q2022 due to higher operating revenues on account of higher sustaining Gold and Copper realize...

Mactan Island will soon become home to Cebu’s biggest power plant after the San Miguel Corporation (SMC) signified its intention to invest in a liquefied natural gas (LNG)-powered plant in the city of Lapu-Lapu, Mayor Junard Chan on Thursday said. “Dako nakong pasalamat nga aduna na poy laing kadaugan nga makab-ot ang atong syudad nga mao ang intensyon...

Photo credit:  The chair of the House Ways and Means Committee on Saturday stressed the need for the country to move towards nuclear energy generation amid "thinning power reserves" as baseload coal power plants continue to experience shutdowns. Albay Rep. Joey Salceda said there is no fuel cleaner than nuclear, which is also a more stable energy so...

Department of Public Works and Highways (DPWH) Secretary Roger G. Mercado spearheaded on Thursday, April 28, 2022 the conduct of DPWH accomplishments review for the first quarter and moving on into the second quarter of CY 2022. Secretary Mercado proudly declared at the Unified Directors Meeting attended by the Undersecretaries, Assistant Secretaries, ...

Officials of the Department of Public Works and Highways (DPWH) together with heads of line and oversight agencies and development partners involved in the implementation of infrastructure flagship projects (IFP) under Build Build Build (BBB) Program met on Wednesday, April 27, 2022 for the 5th Inter-agency IFP Forum: Final Project Review of the Working C...

Photo credit: Laag Ta Bai Facebook Page President Rodrigo Roa Duterte led Wednesday, April 27, 2022, the inauguration of the Cebu-Cordova Link Expressway (CCLEX) project, an iconic bridge that links mainland Cebu in Cebu City to Mactan Island through Cordova. The 8.9 kilometer CCLEX is highlighted by its iconic crosses on top of the twin pylons of t...

The Department of Energy (DOE) has urged Singaporean businesses, as well as other foreign investors, to look into the country’s investment prospects in the energy sector, which amounts to USD153 billion. During the 3rd Philippine-Singapore Business and Investment Summit Wednesday, DOE Undersecretary Felix William Fuentebella said these required energy ...

Photo credit: Department of Transport Philippines A party-list lawmaker on Tuesday said the passage of the new Public Service Act has paved the way for the eventual revival and operation of the Panay line under the Panay Railways Inc. (PRI). In a statement, AAMBIS-Owa Party-list Representative Sharon Garin said many railway construction projects are...

Photo credit: DOE - DOE Secretary Alfonso Cusi Department of Energy (DOE) Secretary Alfonso Cusi is urging Filipinos to continue observing energy efficiency and conservation as petroleum prices in the global market remain high. According to its Oil Industry Management Bureau (OIMB), the risk of increasing oil prices remains as peace talks between Ru...

Photo credit: Bilyonaryo Megawide Construction Corporation reported consolidated revenues of P15.4 billion in 2021, 21% higher year-on-year, amid a persistent COVID-19 pandemic. The construction segment rallied the group and recorded revenues of P14.3 billion, 32% more than the previous year. The airport and landport businesses, on the other hand, c...

Photo credit: Global Ferronickel Holdings, Inc. Global Ferronickel Holdings, Inc. (FNI) is off to a strong start as Platinum Group Metals Corporation (PGMC) begins its shipment to customers in China with 53,700 WMT of low-grade nickel ore bound for Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTNICL). PGMC is the second-largest value exporte...

Photo: The Caraga Mineral Testing and Research Laboratory, the only mineral testing lab in the region, is expected to be fully operational by 2024. The facility is envisioned to provide highly equipped, accessible, and affordable analytical testing for mining companies in the region. (Photo courtesy of DOST Caraga Director Noel Ajoc) Despite being inau...

Photo: Negros Occidental Governor Eugenio Jose Lacson (2nd from right) and Mines and Geosciences Bureau-Western Regional Director Raul Laput (right) sign the memorandum of agreement for the transfer of functions on the processing and issuances of two mining documents to the provincial government. Witnessed by Provincial Administrator Rayfrando Diaz II (2n...

Photo credit: Department of Public Works and Highways The Philippine Government and Asian Development Bank (ADB) have reaffirmed their strong partnership for long-term economic growth through infrastructure projects to accelerate economic recovery by improving connectivity. Department of Public Works and Highways (DPWH) Secretary Roger G. Mercado an...

Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) opened on Tuesday, April 5, 2022 the 680-meter Binondo-Intramuros Bridge Project crossing Pasig River in the City of Manila. No less than President Rodrigo Roa Duterte led the inauguration ceremonies for the iconic bridge project, together wi...

Photo credit: Mining Journal - Gerard Bond OceanaGold Corporation is pleased to announce that Gerard Bond has commenced his role as President and Chief Executive Officer of the Company. Mr. Bond will initially be based in Melbourne, Australia and in the coming weeks will travel to visit all operations and meet with shareholders and other key stakeholde...

Photo: Weir Minerals Engineer configuring the Synertrex® IntelliWear™ panel Intelligent equipment monitoring provides pipeline operators with increased control over performance and maintenance schedules, reducing operating costs and unplanned downtime. Weir Minerals, global market leader in premium technology and mining solutions, is launching Syner...

Photo: Weir Minerals Synertrex® Monitoring Centre in the UK Weir Minerals has announced a new partnership with XMPro, a leading digital twin platform. The partnership will enable intelligent equipment and services and support miners to achieve higher performance while also reducing the environmental footprint of their operations.  The XMPro platform...

Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, recorded a 5.9% net income increase of ₱1.98 billion for the year ended December 31, 2021, compared to ₱1.87 billion in the same period last year. Revenues are up by ₱445.5 million or 6.1% to ₱7.71 billion in 2021 against...