Photo credit: Bilyonaryo - Philex Mining Corporation  Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, and an advocate of right and principled mining, announced the completion of its financial results for Y2022. The Company added Php190 million Core Net Income in 4Q2022 to the Php1.543 billion cor...

Philippine Resources Journal welcomes a new contributor to our editorial team, Engr. Edison Mating. Based in Baguio City, Edison is a mining engineer specializing in mine planning and mining studies. He also promotes global mining education as a volunteer in various academic institutions. He has worked with some of the biggest mining companies in th...

Photo credit: OceanaGold OceanaGold Corporation reported its financial and operational results for the three months and full year ended December 31, 2022.  Gerard Bond, President and CEO of OceanaGold said, "2022 was a successful year on multiple fronts for OceanaGold. We achieved record low safety outcomes, outperformed at Haile, returned Didipio t...

Photo credit: Global Ferronickel Holdings The Mines and Geosciences Bureau (MGB) has clarified that the Mineral Production Sharing Agreement (MPSA No. 017-93-IV) between the Philippine government and Ipilan Nickel Corporation (INC) remains in force and valid until 10 April 2025. This allows INC, a subsidiary of diversified conglomerate Global Ferronick...

Photo: Participants of the Consultation Meeting for the Implementation of DAO No. 2022-04 The Mines and Geosciences Bureau (MGB) and the Biodiversity Management Bureau (BMB) of the Department of Environment and Natural Resources (DENR), together with the DENR Global Environment Facility / United Nations Development Program Biodiversity (UNDP-BD) Corrid...

The Department of Public Works and Highways in Central Luzon (DPWH-3) said on Monday it will implement a total of 2,452 infrastructure projects this year. DPWH-3 Regional Director Roseller A. Tolentino said some PHP98.47 billion was allocated for the implementation of various projects in the region. Tolentino said Central Luzon received a 35.24 perc...

Photo: Bacolod City Mayor Alfredo Abelardo Benitez (right) with officials of China-based Jiangsu Fengchuen New Energy Power Technology Co. Ltd., who arrived in the city earlier this month. On Monday (Feb. 20, 2023), Benitez said they are studying the firm's formal proposal to establish an electric-vehicle manufacturing plant in the city. (Video grab from ...

Photo credit: The Department of Public Works and Highways The Department of Public Works and Highways (DPWH) once again met with Japan International Cooperation Agency (JICA) on the implementation of the JICA-grant – Technical Cooperation Project (TCP) on Road Disaster Preventions and Other Countermeasures on Mountainous Roads in the Philippines. He...

Photo credit: Malampaya gas field  Fitch Solutions said the Philippines’ gas consumption outlook remains bullish but the administration’s aggressive push for renewable energy (RE) poses downside risks to natural gas consumption in the power sector. In a commentary released to the media on Wednesday, Fitch Solutions said the country’s gas consumption...

Photo credit: Department of Public Works and Highways The Japan International Cooperation Agency (JICA), the agency in charge of administering Government of Japan's Official Development Assistance (ODA), is committed to support the Philippines wide ranging infrastructure program focused on socio-economic development. President Ferdinand R. Marcos Jr...

Photo: (seated from left) Senator Mark Villar, House Speaker Martin Romualdez, Former President Gloria Macapagal-Arroyo, Philippine President Ferdinand R. Marcos Jr., Department of Trade and Industry Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., together with AboitizPower Chairman Sabin Aboitiz and JERA President Sato...

Photo: (Seated, L-R) Senator Mark Villar, House Speaker Martin Romualdez, Senior Deputy Speaker and Former President Gloria Macapagal-Arroyo, Philippine President Ferdinand R. Marcos Jr., Department of Trade and Industry Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., and Philippine Ambassador-designate to Japan Mylene ...

Photo credit: South East Asia Infra The Metro Manila Subway Project (MMSP) is expected to improve living standards, including the riding public, and propel the country’s economic rebound, Transportation Secretary Bautista said Monday. At the groundbreaking ceremony for the MMSP’s Contract Package 103, Bautista said the big-ticket railway project has...

Photo credit: Ratio Petroleum The Department of Energy (DOE) bared Thursday that Israeli firm Ratio Petroleum, the operator of Service Contract (SC) 76, has found prospective oil and gas deposits in the north part of East Palawan Basin as a result of its exploration within the block. “Ratio Petroleum, the operator of SC No. 76, has identified two po...

As the government turns aggressive in luring renewable energy investments, Citicore Renewable Energy Corp. (CREC) is ramping up its solar energy targets for the next five years. The firm plans to launch 5,000 megawatts (MW) of solar power projects in the next five years from its initial target of 1,500 MV for the same period because of the country’s gr...

Global professional services company GHD has appointed Simon Terry as Regional General Manager - Philippines.  Operating in the Philippines since 1998, GHD employs about 900 people across its offices in Makati, Cebu and Quezon City. The company has been providing design and technical advice for the landmark Novaliches-Balara Aqueduct 4, which will secu...