The country’s leading mining groups have defended tree-cutting activities overseen by mining companies, maintaining that such operations are tightly governed by stringent environmental oversight and regulatory requirements. In separate statements, the Chamber of Mines of the Philippines (COMP)...
The Philippines is looking to maximize its vast green metal resources and nickel mines for the production of electric vehicles, battery manufacturing, and digital infrastructure. Speaking during the Vietnam-Philippines business forum on Monday, June 1, President Marcos said that the country is...
Global Ferronickel Holdings Inc., one of the country’s top nickel ore producers, reported a 91 percent surge in first-quarter net income as surging global metal prices countered the drop in shipment volumes caused by adverse weather. Net income attributable to equity holders of the parent company...
The Philippine Nickel Industry Association (PNIA) expects the country to attract more investments into the mining sector following the Supreme Court’s (SC) decision dismissing a petition for a writ of kalikasan against an Eastern Samar province-based mining company. PNIA, whose member companies...
Greenlight Holdings Inc. secured a ₱9.36 billion senior term loan facility to fund the ongoing construction of its 240-megawatt-peak San Isidro Leyte Solar Power Project. In a statement, Greenlight said t he joint-venture developer obtained the project finance package from China Banking Corp....
Emerging Power Inc. (EPI), the renewable energy unit of Nickel Asia Corp., is accelerating the development of solar projects in Leyte and Zambales amid volatility in global fuel markets, driving the push for indigenous energy sources. Joseph Fernandez, EPI president and chief executive officer,...
With its earnings surging from high metal prices, natural resources development company Nickel Asia Corp. (NAC) is now diversifying its renewable energy (RE) portfolio into geothermal power while also looking for investment opportunities overseas. In a disclosure to the Philippine Stock Exchange...
DAVAO CITY – The provincial government of Davao Oriental has withdrawn support for nickel mining operations in the Mount Hamiguitan Wildlife Sanctuary Range after mining companies allegedly committed several violations. In a resolution passed by the provincial council on Jan. 28 signed by Gov....
Global Ferronickel Holdings Inc. (FNI) said its Palawan subsidiary, Ipilan Nickel Corp. (INC), is targeting the production of 1.5 million wet metric tons (WMT) of nickel ore this year, provided weather and operating conditions remain favorable. This year’s target is significantly higher than the...
MATI CITY, Davao Oriental – Nickel laterite ore extracted in Mati City has entered the global supply chain for electric vehicle (EV) batteries, as demand for the metal rises in tandem with the expansion of renewable energy and clean transportation technologies, according to Hallmark Mining Corp....
The government is poised to cancel the birth certificate of nickel magnate Joseph Sy after authorities identified him as a Chinese national. The Office of the Solicitor General (OSG) made the disclosure at the Senate Justice and Human Rights subcommittee hearing on Monday, December 15, led by Sen....
The Department of Energy (DOE) has terminated the service contract for the Montelago geothermal power project, scuttling the planned facility after citing the developer’s failure to meet certain targets. In a disclosure to the Philippine Stock Exchange on Wednesday, Oct. 15, Nickel Asia Corp....
