President Marcos has lauded mining companies for going beyond mere compliance to generate profit as he recognized the private sector’s initiatives for protecting the environment and ecology. President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM screenshot) Marcos said this as he led the 2023...
Listed mining firm Benguet Corp. said on Tuesday, Oct. 15, it secured another 25 years of permit from the Department of Environment and Natural Resources (DENR) to operate and conduct mining activities in Balanga, Bataan. In a regulatory filing, Benguet Corp. said it received the approval of the...
The Philippine Statistics Authority (PSA) reported that the value of the country's mineral reserves increased last year. From January to December 2023, the combined value of Class A gold, copper, nickel, and chromite reserves rose two percent to P474 billion from the previous year's P464.51...
The Department of Finance (DOF) wants to further foster the government’s revenue collection from extractive industries, which the Marcos administration believes to be one of the drivers of the country’s long-term economic expansion. At the FORGE PH: Philippine Extractive Industries Transparency...
The Department of Finance (DOF) said on Wednesday, July 6, that the government wants to accelerate the revival of the local mining industry to support the country’s economic recovery. After the industry was sidelined in the past couple years due to environmental concerns, Finance Secretary...
The Mines and Geosciences Bureau (MGB) is eyeing increased production in gold and silver amid plans to fast-track the declaration of more Minahang Bayan areas across different parts of the country. In a statement, MGB, an attached agency to the Department of Environment and Natural Resources...
The Philippines’ production of metallic minerals were mostly down during the first nine months of the year, but value was higher at P121.16 billion due to continuing increase in prices in the world market. Data from the Mines and Geosciences Bureau (MGB) showed that the country’s metallic...
Editorial It was more than a year ago since the Duterte Administration pronounced for the first time that it wants to gain more out of the mining industry, something that was highly improbable then, until Executive Order (EO) 130 was issued six months ago. It turns out that the government is...
The mining sector lauded President Rodrigo Duterte’s latest move to issue Executive Order (EO) 130, lifting the moratorium on new mining projects under EO 79 of the Aquino Administration. Photo credit: https://www.facebook.com/ChamberOfMinesofthePhilippines In a statement, Chamber of Mines of the...
The Office of the President (OP) was urged to cancel the ‘stay order’ issued on mining companies with pending suspension and closure orders. This as such move will not do anything for the Philippine economy. “We demand that the Office of the President immediately cancels this ‘Stay...
The Philippine government has allowed the mining companies that were suspended and ordered closed by former Environment Secretary and late Regina Paz Lopez in 2017 to continue operating. Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano said on Tuesday that the government has decided to...
