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...
Diversified engineering conglomerate DMCI Holdings Inc. is increasing its capital expenditure (capex) budget by 11 percent this year to ₱24.6 billion from ₱22.2 billion in 2025, mainly for the expansion of its residential and off-grid power businesses and strategic improvements in cement...
DAVAO CITY – Hallmark Mining Co. (HMC) has distributed at least 100,000 high-value seedlings to partner people’s organizations in the City of Mati and Tarragona, Davao Oriental. HMC said the distribution of seedlings is part of their Special Tree Cutting Permit (STCEP) Replacement Planting...
BUTUAN CITY – Two Chinese nationals and three residents were arrested Tuesday for engaging in illegal mining activities in Barangay Wasian, Rosario, Agusan del Sur, the Police Regional Office 13 (Caraga) reported Wednesday. The operation, conducted with support from the Community Environment and...
BACOLOD CITY – A Chinese national and eight other individuals have been arrested for their alleged involvement in illegal mining activities in Barangay Bacuyangan, Hinoba-an in Negros Occidental, a police report on Saturday showed. The suspects’ arrest on Feb. 26 was part of the intensified...
Philex Mining Corp., the gold and copper producer led by tycoon Manuel V. Pangilinan, expects a turnaround this year as its long-awaited Silangan project prepares for its first metal pour, offsetting declining output from its aging flagship mine. In a disclosure to the Philippine Stock Exchange,...
