Investment and job opportunities in the province are seen to get a boost as the construction of the Pangasinan Link Expressway (PLEX) begins after the groundbreaking ceremony here Thursday. “It will serve as a backbone of the province in terms of ease of travel and accessibility. If we are able to construct it, it will open many doors to other towns an...

For the first time in 15 years, the Philippine government granted permit to the copper mining project of Perth-based Celsius Resources with initial investments of USD253 million, or around PHP14 billion. In a statement over the weekend, the Department of Trade and Industry (DTI) said Celsius Resources’ local unit Makilala Mining Company, Inc. (MMCI) wa...

Site investigation holds an undeniable significance in the construction process. Cam Wylie from RDCL explores the value of a thorough site investigation and its potential to save money and create value in the long run, even with the initial investment. Can we put a dollar figure on understanding the ground beneath what we build? It is widely recogni...

Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported revenues of ₱8.8 billion in 2023, operating income of ₱2.8 billion, net income attributable to shareholders of ₱1.5 billion, and earnings per share (EPS) of ₱0.3022. The 30.5% year-over-year increase in revenues to ₱8.8 billion was largely driven by...

By Zeevik Halber Editor’s note: Zeevik Halber is the CEO of AnyWay Solutions, a company with a longstanding presence in Papua New Guinea and after a few years of exploring is now looking to bring its climate resilient designs and solutions to the Philippines. Papua New Guinea (PNG) is a land of mystery and splendor. Its untouched wilderness, breatht...

Celsius Resources Limited (“CLA”, “Celsius” or the “Company”) is pleased to announce that its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI or the “Contractor”), has obtained a Mineral Production Sharing Agreement (“MPSA” or the “Agreement”) with the Philippine Government for its flagship Maalinao-Caigutan-Biyog Mining Project (“MCB” or the ...

Listed natural resources development firm Nickel Asia Corp. (NAC) (PSE: NIKL) recorded an attributable net income (net of minority interest) of P3.7 billion, down 53 percent from P7.9 billion year-on-year based on its audited financial and operating results for the twelve-month period ended December 31, 2023. This is on the back of lower nickel ore pri...

The province of Cebu will partner with private firms to continue oil and natural gas exploration in Alegria town, south of Cebu, Governor Gwendolyn Garcia said Thursday. Garcia’s decision came as Department of Energy (DOE) Undersecretary Alessandro Sales visited the provincial capitol on Thursday to inform the governor of the agency’s intention to cont...

Prime Energy Resources Development B.V. said the exploration of new wells on Service Contract (SC) 38 remains on track. On Friday, Prime Energy announced that it awarded a USD69.9-million (PHP3.88-billion) contract to Noble for the use of its deepwater drillship “Noble Viking" for the Malampaya Phase 4 Project. The Noble Viking drillship will be inv...

The technical personnel of the Mine Safety, Environment, and Social Development Division (MSESDD) of the Mines and Geosciences Bureau (MGB) organized the Social Development and Management Program (SDMP) Consultation Workshop on February 14-17, 2024 at Park Inn by Radisson North Avenue in Quezon City. The said workshop, under the guidance of DENR Unders...

The first phase of the Light Rail Transit Line 1 (LRT-1) Cavite Extension is now 97 percent complete and is on track to begin operations in the fourth quarter of this year. In a statement on Wednesday, president and CEO of the Light Rail Manila Corp. (LRMC), the private operator of the LRT-1, Juan Alfonso said the completion rate was reached in January...

The construction of the PHP4.58 billion Tacloban causeway project that will provide a shorter route from the city’s downtown to the airport has begun with bigger funding this year, the Department of Public Works and Highways (DPWH) 8 (Eastern Visayas) here reported Thursday. DPWH-8 Director Edgar Tabacon said the project has an accomplishment rate of 4...

The Department of Finance (DOF) said it is pushing for a simplified mining fiscal regime. In a statement on Wednesday, the DOF said the revised proposal for the Rationalization of the Mining Fiscal Regime proposes to impose a four-tier, margin-based royalty ranging from 1.5 percent to 5 percent on income from mining operations outside of mineral reserv...

Australian-based global financial services firm Macquarie Group Ltd. has expressed interest in investing in renewable energy, value-added mining, and digitalization efforts in the Philippines, Malacañang said Tuesday. The commitment was made during President Ferdinand R. Marcos Jr.’s meeting with Macquarie Group executives on the sidelines of his parti...

Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, announced the completion of its financial results for FY2023. The Company added Php98 million core net income in 4Q2023 to the Php865 million core net income for the first nine months ended September 30, 2023, which registered the full year core net in...

Silangan Mindanao Mining Co., Inc., a wholly owned subsidiary of Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, signed a Deed of Accession for additional US$70 million with Additional Lenders who syndicated the credit facility, in simple ceremonies in Makati City. Present during the signing of the ...