Philex Mining Corporation (PSE: PX) (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, posted a core net income of Php163 million for 3Q2023, reporting a 9M2023 core net income of Php864 million. Core net income for 3Q2022 was at Php210 million while core net...

House Speaker Ferdinand Martin G. Romualdez on Thursday said the signing of two agreements on nuclear cooperation constitute a significant stride towards providing Filipinos with cheaper, cleaner and sustainable electricity. Romualdez made this remark as he witnessed the signing of a groundbreaking cooperative agreement between Meralco and Ultra Safe N...

An official of the National Commission on Indigenous Peoples (NCIP) on Wednesday said they are not opposed to mining projects and developments but only want to be consulted on all stages of a project. NCIP chairperson Jennifer Pia Sibug-Las, during the Community Relations (ComRel) Conference of the four-day Philippine Mine Safety and Environment Associ...

For nearly half a century, Aboitiz Construction has been at the forefront of engineering excellence and innovation, contributing significantly to the growth of the Philippines. As the construction arm of the esteemed Aboitiz Group, the company has embarked on a transformative journey to support the Group's aspiration to be the country's first “techglomera...

Meralco chairman Manuel V. Pangilinan said the 3,500 megawatts of direct current (MWdc) solar power farm project in Nueva Ecija of SP New Energy Corp. (SPNEC), over which a unit of Meralco will have the majority shares, will need PHP200 billion worth of investments. In Meralco’s press conference in Ortigas Monday, Pangilinan said the project will also ...

The Mines and Geosciences Bureau (MGB) recorded 4,963 jobs generated through the mining industry in Ilocos Region in 2022. In a virtual press conference on Monday, MGB Regional Office No. 1 Mine Management division chief Engr. Renato Rimando said the industry in the region is robust as it continues to provide jobs and create wealth in terms of payment ...

A study team composed of bridge construction experts from the Infrastructure Development Institute (IDI) Japan and the Department of Public Works and Highways (DPWH) is set to commence early stage assessment on the proposed long-span bridge projects that will connect the islands of Luzon, Visayas, and Mindanao. To discuss the study team’s itinerary, ID...

The Department of Public Works (DPWH) has entered a contract agreement with China Road and Bridge Corporation (CRBC) for the construction of Davao River Bridge also known as Bucana Bridge in Davao City. DPWH Secretary Manuel M. Bonoan has officially approved the ₱3.126 Billion civil works contract signed by DPWH Senior Undersecretary Emil K. Sadain and...

Global Ferronickel Holdings, Inc. reported financial results for the nine months of 2023 with consolidated revenues of ₱6.8 billion, operating income of ₱1.8 billion, net income attributable to shareholders of ₱1.5 billion, and earnings per share of ₱0.3021. Consolidated revenues rose 33.1% year-over-year to ₱6.8 billion due mainly to increased volumes...

Representatives from Sandvik Mining and Rock Solutions (“Sandvik”) Sales Area South-East Asia (Territory Philippines-Indochina) recently visited Philsaga Mining Corporation (PMC) in Agusan del Sur. They were welcomed and given a tour around the site by Philsaga’s Mechanical Maintenance Engineer, Senior Project Engineer, and Project Manager who were in cha...

TVIRD’s Agata Nickel Laterite Project marks end of an era after 382 shipments and nine years of operation Agata Mining Ventures Inc. (AMVI), a joint venture nickel laterite project of TVI Resource Development Philippines Inc. (TVIRD) and MRL Nickel Philippines Inc., recently concluded its 382nd and final shipment of nickel ore onboard MV Haut Brion las...

Greenstone Resources Corporation (GRC), a wholly-owned subsidiary of TVI Resource Development Philippines Inc. (TVIRD), received an official visit from His Excellency David Bruce Hartman, Ambassador of Canada to the Philippines at its Siana Gold MIne (Siana) in Tubod Municipality, Surigao del Norte Province.  Upon the invitation of TVIRD Chairman Clifford...

Integrated energy company Semirara Mining and Power Corporation (SMPC) recorded a 37-percent drop in net income in the first nine months of the year from P35.9 billion to P22.6 billion. The marked decline was mainly due to lower coal shipments and selling prices. “The third quarter is always a slow period for us in terms of production and demand becaus...

Celsius Resources has completed a program of 12 shallow diamond drill holes to test the extents of oxide copper mineralisation from Nabiga-a Hill at the Sagay Copper-Gold Project. Highlights from the drilling program include: 69.3m @ 0.56% copper from 10.7m down hole from SGY-040, including 21.3m @ 1.23% copper from 15m down hole.   ...

Tokyo will continue investing in the Philippines’ big-ticket projects, Japanese Ambassador Kazuhiko Koshikawa reaffirmed Thursday. Speaking at the 49th Philippine Business Conference and Expo in Manila, the envoy said Japan “has always been and continues to be” the largest official development assistance (ODA) donor of the Philippines but there is stil...

The Department of Public Works and Highways (DPWH) and the Export-Import Bank of Korea (KEXIM), the agency for Economic Development Cooperation Fund (EDCF) of the Government of Korea (GOK), has taken a pivotal move towards construction of Samar Pacific Coastal Road II (SPCR 2) Project in Northern Samar by officially signing the Minutes of Discussion for p...