Government officials from the Philippines and Korea convened in a coordination meeting aimed at advancing the Laguna Lakeshore Road Network (LLRN) Project – Phase I and other Infrastructure Flagship Projects (IFPs) under President Ferdinand R. Marcos Jr. administration’s “Build Better More” program. The meeting held on June 20, 2024 at Bayleaf Hotel, I...

The Department of Transportation (DOTr) on Thursday broke ground for the North-South Commuter Railway (NSCR) System’s Banlic Depot in Calamba, Laguna. During the groundbreaking ceremony, DOTr Secretary Jaime Bautista said the Banlic Depot signals the “rapid progress” of the project after its land development and other preparatory works began in 2023. ...

In observation of the celebration of 2024 Philippine Environment Month, the Mines and Geosciences Bureau (MGB) Central Office (CO) participated in a coastal cleanup for World Ocean's Day at BASECO Aplaya, Port Area, Manila on June 07, 2024. With the theme: "Awaken New Depths,” the simultaneous nationwide coastal cleanup saw the collaboration of 14,000 ...

The Light Rail Transit Line 1 (LRT-1) Cavite Extension is expected to be completed by 2031, an official of the Light Rail Manila Corporation (LRMC) said on Friday. "[For] Phase 2 and 3, [we are] meeting with the DOTr (Department of Transportation) to be able to commence the construction. We have to clarify a few points before we proceed," LRMC General ...

An inter-agency meeting will help streamline processes in obtaining small-scale mining permit, Anti-Red Tape Authority (ARTA) Secretary Ernesto Perez said Friday. In a press conference here, Perez said he has met with regional Bangko Sentral ng Pilipinas (BSP) officials and learned that only two small-scale mining organizations are selling their gold p...

Nickel Asia Corporation (NAC) has recently announced the election of two prominent figures, Jose Isidro N. Camacho and James J.K. Hung, to its Board of Directors. Jose Isidro N. Camacho has been appointed as the Chairman, succeeding Gerard H. Brimo, who retired after more than 15 years of service. James J.K. Hung joins the board as an Independent Director...

The 11th ASEAN Senior Officials Meeting on Minerals (ASOMM) Joint Working Group and Associated Meetings was held on 29 April – 3 May 2024 at The Stones Hotel- Legian Bali, Autograph Collection in Bali, Indonesia. The meeting was intended to present updates on the status of the project activities identified under Phase 2 of the ASEAN Minerals Cooperatio...

The Philippine Extractive Industries Transparency Initiative (PH-EITI) held its 90th Multi-Stakeholder Group (MSG) meeting and Mine Visit in Cauayan City, Isabela, and Kasibu, Nueva Viscaya. from May 23-25, 2024, bringing together key stakeholders from government, industry, and civil society to discuss various topics in the implementation of PH-EITI activ...

The Public-Private Partnership (PPP) Center said 134 projects worth PHP3.03 trillion are in the pipeline for undertaking between the government and private sector. Data released by the PPP Center over the weekend showed that 13 unsolicited proposals were recently added to the list of 121 approved projects revealed two weeks ago. These include the St...

The Department of Public Works and Highways (DPWH) has urged the private sector to invest in government projects. “I firmly believe to be able to implement efficiently the projects of the government, we also encourage the participation of the private sector,” DPWH Secretary Manuel Bonoan said at the Philippine Economic Briefing held at the Philippine I...

The anticipated PHP187.54-billion mega Panay-Guimaras-Negros (PGN) bridges project is set to transform regional connectivity in Western Visayas, the top official of the Department of Public Works and Highways (DPWH) in the region said on Monday. In a public briefing Tuesday, DPWH regional director engineer Sanny Boy Oropel said the feasibility study fo...

The PHP23-billion Samal Island-Davao City Connector (SIDC) project is in full swing and is expected to be completed by 2027, the Department of Public Works and Highway in Davao Region (DPWH-11) said Tuesday. During the pilot episode of the Kapihan sa Bagong Pilipinas here, DPWH-11 Director Juby Cordon said the design and build of the SIDC project alrea...

Mines and Geosciences Bureau Central Office (MGB-CO) technical personnel participated in the Palawan Stakeholders' Congress on Mining and the Environment (PSCME) held last April 24-26, 2024 in Puerto Princesa City. With the theme: "Yours, Mine, Ours," the stakeholders’ congress was organized by the Provincial Government of Palawan. The Congress brought...

The Australian ambassador to the Philippines on Friday cited five possible investment areas in the Cordillera Administrative Region (CAR). “The Southeast Asia economic strategy, with the Philippines as among the most important countries to Australia, clearly highlights the areas that we think have potential for different kinds of investments and those ...

Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported first quarter 2024 revenues of ₱589.9 million, net income attributable to shareholders of ₱10.6 million, and earnings per share (EPS) of ₱0.0021. Mining revenues were ₱586.2 million, down 47.4% from ₱1.1 billion in the prior year due to lower sellin...

Nickel Asia Corporation (NAC) (PSE: NIKL) announced its unaudited financial and operating results for the three-month period ended March 31, 2024, with an attributable net income (net of minority interest) of P202 million, lower than the P970 million reported during the same period last year. Earnings before interest, taxes, depreciation, and amortizat...

OCEANAGOLD (PHILIPPINES), INC., is pleased to announce it has completed the initial public offering (the “IPO”) of 20% of its outstanding common shares on the Philippine Stock Exchange (“PSE”). The shares are listed under the ticker symbol ‘OGP’ and began trading May 13th. The Company operates the Didipio gold and copper underground mine, located in th...

The Department of Environment and Natural Resources (DENR) is looking to shorten the processing of permits for the mining industry to entice more investors to do business in the Philippines. Speaking during Friday's mining conference in Makati City organized by think-tank Stratbase ADR, Environment Secretary Maria Antonia Yulo-Loyzaga said they are now...

Three more nickel processing plants are expected to be built in the Philippines within the term of President Ferdinand R. Marcos Jr., a Trade official said on Friday. "There are interested parties to put up HPAL (High-Pressure Acid Leach) facility in the Philippines. I mentioned three because they are looking at three areas like Zambales, Surigao, Pala...

Apex Mining Company, Inc. posted a record consolidated net income of P852.7 million in Q1 2024, 55% higher versus the P548.8 million generated during the same period last year. Consolidated gross revenues for the quarter reached P3.4 billion, up by 31% year-on-year. The increase in revenues was driven by the surge in realized price per ounce of gold wh...

Integrated energy company Semirara Mining and Power Corporation (SMPC) saw its net income fall by 28 percent to P6.5 billion in the first quarter from P9.0 billion the previous year, as weaker market prices muted the impact of higher coal shipments and energy sales volume. Global coal indices declined due to weak demand from developed countries, driven...

Official statement of PNIA President, Atty. Dante R. Bravo, on behalf of the Philippine Nickel Industry Association on the occasion of the conduct of the DENR Mining Summit on 10 May 2024  As global demand for critical minerals surges amidst the accelerating transition to clean and smart technology, PNIA observes keen interest in the Philippines from p...

For well developed countries, education is a given right, as basic as breathing. But in developing countries like the Philippines, most households have to contend with meeting basic needs such as food, energy costs, and housing, making education less of a priority. The education sector is fraught with various problems ranging from poverty and lack of r...

Mining companies are calling on industry stakeholders to strengthen support for responsible mining, underlining the industry’s untapped potential to further drive economic growth and support social development at the national and local level, while fostering environmental stewardship. Mining company representatives echoed the sentiment as the industry ...