The consolidated gross revenues of Apex Mining Co., Inc. and its subsidiaries in the first half of 2023 reached P5.7 billion —19% higher than the P4.8 billion it reported for the same period in 2022. Meanwhile, the consolidated net income in 1H 2023 was P1.4 billion (P168 million lower versus 1H of 2022). For 1H 2023, Apex Mining’s Maco Mine operations...

Celsius Resources is pleased to announce the approval of the Mining Project Feasibility Study (“MPFS”) for the Maalinao-Caigutan-Biyog (“MCB”) Project in the Cordillera Administrative Region under its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI or “the Company”). After a thorough evaluation of the Technical Committee, the Philippine Min...

Hinatuan Mining Corp. (HMC), a subsidiary of Nickel Asia Corp. (NAC), spends P 11.4 million to support the health care services of the Municipality of Tagana-an. Budget used is part of the Corporate Social Responsibility (CSR) of HMC. HMC spent 10M of its CSR for the construction of the Rural Health Unit (RHU) in the Municipality of Tagana-an. The cons...

August 9, 2023 – Global Ferronickel Holdings, Inc. (PSE: FNI) reported consolidated revenues of ₱3.1 billion for the first six months of 2023, up 41.2% from ₱2.2 billion in the prior-year period. Strong volumes and higher-grade ores at Palawan mine were the main drivers of growth, partially offset by weaker prices and lower-than-average volumes at Surigao...

Integrated energy company Semirara Mining and Power Corporation (SMPC) reported P10.2 billion in net income in the second quarter, a 5-percent downtick from its record high of P10.8 billion last year. Despite significant corrections in global coal index prices and the impact of high base effect, SMPC delivered robust financial results because of higher...

Around 76 high-impact infrastructure flagship projects amounting to PHP2.4 billion will be pursued in Mindanao to boost economic development in the region. During the first Philippine Economic Briefing in Davao City on Wednesday, Finance Secretary Benjamin Diokno said some of the infrastructure projects aim to ease congestion and improve connectivity i...

A substantial portion of the proposed PHP214.3 billion budget of the Department of Transportation (DOTr) for 2024 will be earmarked for the implementation of the Marcos administration’s “Build Better More” infrastructure program, the Department of Budget and Management (DBM) said Thursday. In a statement, the DBM said a total of PHP176.4 billion of the...

The construction of the Tacloban causeway project that will provide a shorter route from the city’s downtown to the airport will commence soon after the Department of Public Works and Highways (DPWH) secured the approval of the city council here, an official said on Thursday. DPWH Eastern Visayas regional director Edgar Tabacon said the city council li...

The company responsible for delivering 3,500 wet metric tons of dolomite to Manila Bay in 2020 has lost its mining production sharing agreement (MPSA). Gov. Gwendolyn Garcia announced Wednesday that she ordered the revocation of the MPSA of Dolomite Mining Corp. (DMC), a mining firm producing dolomite sand in Alcoy, some 101 kilometers south of this ca...

Listed natural resources development firm Nickel Asia Corp. (NAC) (PSE: NIKL) announced its unaudited financial and operating results for the six-month period ended June 30, 2023. During the period, the Company recorded an attributable net income (net of minority interest) of P1.7 billion, down 55 percent from P3.8 billion year-on-year. Excluding th...

The United States Embassy in Manila raised concerns over the possible environmental impact and the "ties" of a Chinese firm to the ongoing Manila Bay reclamation projects in the capital. In a statement sent to reporters Wednesday, the US Embassy in Manila said they are concerned that the projects have ties to the China Communications Construction Co. (...

Sagittarius Mines Inc. (SMI), the developer of the Tampakan copper-gold project in Mindanao, said it is ready to start construction in the fourth quarter of the year. "SMI had secured all major approvals to develop and operate the Tampakan copper-gold project. We are ready to start construction in 2023 and produce our first copper concentrate in 2026,"...

APEX MINING PUSHES FOR MORE RESEARCH TO STRENGTHEN MINING’S SUSTAINABILITY PRACTICES Apex Mining has formalized the Apex Mining Professorial Chair — one each in Mining Engineering and Metallurgical Engineering — through the UP Engineering Research and Development Foundation, Inc. (UPERDFI). According to Luis R. Sarmiento, ASEAN Eng., Apex Mining’s p...

The Mines and Geosciences Bureau in the Caraga Region (MGB-13) has collected PHP2.14 billion in revenues from different mining companies operating in the region last year. The revenues in the form of fees, charges, and royalties were indicated in the 2022 Caraga Mineral Profile provided by MGB-13 to the Philippine News Agency here Wednesday. The dat...

The mining industry in the Caraga Region will work jointly with the different government agencies, the local government units (LGUs) and other stakeholders to strengthen the resilience of communities against the threats of natural disasters. The move is among the agenda of the weeklong Caraga Resilient Mining Week (CRMW) activity which formally opened ...

The country bagged USD50-million worth of funding for renewable energy (RE) projects during the state visit of President Ferdinand R. Marcos Jr. to Malaysia this week. In a statement Sunday, Philippine-based private equity investor New Wave Strategic Holdings, Inc. and its partner, Emissary Capital Partners Sdn Bhd, said their investments here could ge...