The Department of Finance (DOF) has thrown its support behind the lifting of the ban on open-pit mining, saying the decision highlighted the government’s capability to strictly regulate extractive activities in the country. In a statement, Finance Secretary Carlos G. Dominguez III said on...
Philex Mining Corp., the country's largest gold producer, has decided to finally proceed with the development of the Silangan Mine project in Surigao del Norte within the first half of 2022, but at a slower pace and smaller scale sans the strategic investments that the listed firm has long been...
The Department of Environment and Natural Resources (DENR) has awarded several mining companies for their initiatives and achievements in environmental management and development, among other efforts, during the recent National Mine Safety and Environment Conference. In a statement, the DENR said...
The Duterte Administration is poised to reverse its earlier ruling on keeping the ban on open-pit method of mining supposedly done to appease environmental groups. On Wednesday, Oct. 27, Business Bulletin secured a draft Department of Environment and Natural Resources (DENR) Administrative Order...
Integrated energy company Semirara Mining and Power Corporation (SMPC) was recognized at the ASEAN Energy Awards for the accelerated rehabilitation of its South Panian coal mine. To be specific, SMPC was declared as the winner in the award’s Special Submission category for the company’s...
Consunji-led firm Semirara Mining and Power Corporation (SMPC) has turned over P1.7 billion worth of royalty payments to the government – via the Department of Energy (DOE) - as it recorded highest ever sales in its history as coal producer from Semirara island in Antique province. 29549 In a...
Indonesian director Edwin on Saturday won the Golden Leopard for the best picture at the Locarno Film Festival with "Vengeance Is Mine, All Others Pay Cash", a homage to 1980s Asian all-action movies. The feature paints a humorous portrait of a violent young man who falls for a woman after...
The Department of Environment and Natural Resources (DENR) opted to keep the nationwide ban on open-pit mines amid the clamor of environmental groups. This was after the government agency attempted to insert a provision in the implementing rules and regulations (IRR) of Executive Order 130 that...
Alyansa Tigil Mina (ATM) has denounced the renewal of the Financial or Technical Assistance Agreement (FTAA) of Australian-Canadian miner OceanaGold Corporation (OceanaGold) amid environmental concerns. In a statement, ATM "strongly denounced" the decision of President Rodrigo Duterte to renew the...
Two years after its Financial or Technical Assistance Agreement (FTAA) with the Philippine government expired, Australian-Canadian miner OceanaGold Corporation (OceanaGold) is now allowed to resume the operations of its gold-copper mining project in the country until 2044. This is on condition...
Executive Order No. 13 0 The government has formally repealed the ban on open-pit mining method in the country, at least based on draft implementing rules and regulations (IRR) of Executive Order (EO) 130. Based on the draft of the three-page IRR, the government repealed, amended, and...
After enduring years of intense scrutiny under the Duterte administration, the mining sector is now at the receiving end of a series of surprisingly positive policy decisions and considerations. The government is now considering lifting the ban on open-pit mining method more than two...
