Despite environmental concerns, JDVC Resources Corporation, a subsidiary of publicly listed company Apollo Global Capital (APL), is eager to push for the start of the commercial operation of its large-scale offshore mining in Cagayan next month. In a statement, Jun Herrera, JDVC and APL...
The Development Bank of the Philippines (DBP) granted a P416-million credit line to the country’s first large-scale offshore mining firm, JDVC Resources Corporation. The loan will boost JDVC's local production of iron ore to meet rising demand as the global economy recovers, according to...
The Philippines’ first large-scale offshore mining operation is set to start in January next year, involving the extraction of thousands of metric tons of magnetite iron reserves in the seabed off Cagayan. JDVC Resources...