Listed mining firm OceanaGold (Philippines) Inc. (OGP) has remitted ₱466.86 million in additional government shares (AGS) to the national government, as stipulated in the company’s financial or technical assistance agreement (FTAA). In a statement on Thursday, May 1, OGP said this brings the...
Listed mining firm OceanaGold (Philippines) Inc. (OGPI) said it paid ₱397.7 million in local business tax (LBT) to three municipalities in the provinces of Nueva Vizcaya and Quirino, as part of the company’s bid to share its success with local communities. In a statement on Monday, March 3,...
Pangilinan-led Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported that it will extend the life of its Padcal Mine by one year. "Padcal Mine has been in operation for more than six decades and still has remaining ore resources that can be...
The decline in coal prices globally had prompted 30% dip in the net income of Consunji-led Semirara Mining and Power Corporation (SMPC) to P27.9 billion last year from record-high earnings of P39.9 billion in 2022. According to SMPC President and COO Maria Cristina C. Gotianun, the drop in global...
Toronto-listed multinational gold mining firm OceanaGold Corporation is divesting 20 percent of its stake in wholly-owned subsidiary OceanaGold (Philippines) Inc. (OGPI) via a P7.88 billion initial public offering (IPO) as required by the government. OceanaGold Philippines' Didipio mine in Nueva...
Didipio Gold-Copper Mine, owned by OceanaGold Corporation’s local subsidiary OceanaGold Philippines Inc., is increasing its Community Development Fund (CDF) budget to P169 million this year. In a press statement, the firm said this is a 24 percent increase from their 2023 allocation of P136...
Consunji-led Semirara Mining and Power Corporation (SMPC) has declared record-high special cash dividends of P14.88 billion, based on the approval granted by its board of directors on October 10 this year. The company noted that the special cash dividends will form part of the payout that it has...
The "man’s world reverie" equated to the energy sector is eroding, but Maria Cristina Consunji-Gotianun, President and COO of Semirara Mining and Power Corporation (SMPC) is adding a formidable femme force to that shifting narrative. Gotianun has successfully conquered the corporate...
KORONADAL CITY, South Cotabato – Two miners died and another was injured after they were trapped inside a mining tunnel which collapsed in the gold-rush area of T’boli, South Cotabato on Monday, April 3. Police identified the fatalities as Vincent Allega, 24, and Erwin Sawan, 27, while the...
BEIJING, China -- At least two people have died and more than 50 are missing after a coal mine collapsed in northern China's Inner Mongolia region on Wednesday, state media reported. The collapse occurred in Alxa League in the western part of the region at around 1 pm (0500 GMT), according to state...
MEDAN, Indonesia -- Twelve women working in an illegal gold mine in Indonesia's North Sumatra province were killed when a cliff collapsed and triggered a landslide that buried them, police said. Unlicensed mines are common across mineral-rich Indonesia, with abandoned sites attracting locals who...
WARSAW, Poland – Ten miners were missing on Saturday after a second coal mine accident in just days in Poland, which is heavily dependent on the fossil fuel. "Rescuers are without contact with 10 people," at the mine in Zofiowka, the JSW company said in a statement. A tremor shook the mine...
