Silangan Mindanao Mining Co. Inc., a wholly-owned subsidiary of Philex Mining Corporation, signed a $100-million syndicated debt facility to fund its ongoing mine development program. In a disclosure to the Philippine Stock Exchange (PSE), Philex said the lenders are Union Bank of the Philippines,...
Yindjibarndi Energy Corporation (YEC), a subsidiary of Ayala-led ACEN Corporation has inked a preliminary deal with London-headquartered Rio Tinto for development collaboration on the latter’s targeted energy usage shift to renewable energy in its Australian mining operations. In a press...
The Court of Tax Appeals (CTA) has denied the petition filed by FCF Minerals Corporation (FCF) -- a firm engaged in the exploration, development, and commercial operation of mineral claims -- to refund the P57.8 million taxes it paid for its imported equipment. In 2009, FCF and the government...
The consolidated gross revenues of Apex Mining Co., Inc. and its subsidiaries in the first quarter of 2023 reached P2.6 billion or 15.62 percent higher than the P2.2 billion in the same period in 2022, according to a company statement. However, its consolidated net income in the same period was...
QUEZON, Nueva Vizcaya – Two men were arrested for stealing gold ores from a mining company in Sitio Bit-Ang, Barangay Runruno here Saturday, August 6. THE suspects' loot. (Police photo) Police identified the suspects as Dick Malana, 40, and Jimmy Madiwo, 47. The 86th Infantry Battalion, 1st Nueva...
The Securities and Exchange Commission (SEC) has approved the planned P3.15 billion stock rights offering of Philex Mining Corporation to fund the development of its Silangan mine. The Commission En Banc resolved to render effective the registration statement filed by Philex Mining for a stock...
Philex Mining Corporation, one of the largest producers of copper and gold in the Philippines, reported that the Boyongan deposit of Silangan copper-gold mine project in Surigao del Norte may yield $7 billion in gold and copper over 28 years. In a disclosure to the Philippine Stock Exchange, the...
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...
Listed firm Manila Mining Corporation (MMC), an affiliate of Lepanto Consolidated Mining Company, will resume exploration drilling at its mining tenements in Placer, Surigao del Norte, a move that will be funded by planned stock rights offering that targets to raise P519 million. This, according to...
Listed Apex Mining Co., Inc. (AMCI) is yet to operate its Maco Mine in Davao de Oro at full capacity after more than 20 percent of its workers in the area contracted COVID-19 in December last year. Based on its report to Mines and Geosciences Bureau (MGB), AMCI said that its mine and mill...
