DMCI Holdings Inc. reported a slight decline in first-quarter profit as weaker returns from its coal and water units tempered gains in its real estate and mining divisions. The engineering conglomerate controlled by the Consunji family said that consolidated net income fell two percent to ₱4.9...
The power generation unit of Manila Electric Co. (Meralco) is stepping back from the direct bidding process for a prized coal concession in Antique province. Emmanuel V. Rubio, Meralco PowerGen Corp. president, said they will instead wait for the Consunji family’s mining unit to secure the...
Consunji-led Semirara Mining and Power Corp. (SMPC) is leaning on its three-decade operational history as it prepares for the government auction of its coal assets in Antique province. Speaking at the company’s annual stockholders’ meeting on Monday, May 4, Isidro Consunji, SMPC hairman said...
Philex Mining Corp. opened the year in the red as it posted a net loss of ₱592.48 million in the first quarter, with revenues declining sharply due to lower metal production amid restoration works at the Padcal Mine. Based on its public disclosure, Philex swung to a net loss in the...
Semirara Mining and Power Corp. (SMPC) is slashing its planned capital spending for the year as the energy unit of the Consunji family’s DMCI Holdings Inc. awaits clarity on the future of its flagship coal operations in Antique province. According to SMPC, the integrated energy producer expects...
Consunji-led Semirara Mining and Power Corp. (SMPC) saw a 12-percent drop in net income in the first quarter of 2026 as lower power output and reduced coal deliveries weighed on performance. In a statement on Thursday, April 30, SMPC disclosed net income of ₱3.8 billion for the January-to-March...
Two policemen are in deep trouble after they were caught transporting suspected illegal mineral ores with their four civilian cohorts at a checkpoint in Opol town of Misamis Oriental. While the Philippine National Police (PNP) understands the need for some of their personnel to earn extra income,...
DAVAO CITY – Six police officers are facing cases in the City of Mati, Davao Oriental over the detention of a woman during a confrontation against mining operations last year. The arbitrary detention and unlawful arrest cases – copies of which were obtained by the Manila Bulletin – were filed...
DAVAO CITY – The Bureau of Immigration and the 10th Infantry Division arrested on Wednesday, April 22, 20 Chinese nationals for alleged illegal mining in Pantukan town in Davao de Oro and Tagum City in Davao del Norte. Major Gen. Alvin Luzon, commander of the 10th Infantry Division, said they...
BUTUAN CITY – Nine Chinese nationals and a Filipino involved in illegal mining activities were arrested during an intelligence-driven operation conducted in Cantilan, Surigao del Sur on Thursday evening. In a statement released on Saturday, the Police Regional Office (PRO)-13 (Caraga) reported...
Semirara Mining and Power Corp. warned that any disruption to its operations on Semirara Island would jeopardize 38 percent of the Philippines’ baseload power supply, potentially triggering surge in electricity costs and broader inflationary pressure. Ma. Cristina C. Gotianun told reporters that...
Rising fuel prices are beginning to ripple across the sprawling operations of DMCI Holdings Inc., exposing the vulnerabilities of a diversified conglomerate whose businesses—from mining to cement to property—depend heavily on steady and affordable energy supply. For DMCI, the challenge is no...
