The Sy family is set to consolidate its controlling stake in Atlas Consolidated Mining and Development Corp. by next year after SM Investments Corp. (SMIC) transfers its mining interest to Dominion Holdings Inc. SMIC is set to divest from Atlas Mining next year so it can focus more on growing the...
The Department of Energy (DOE) has delayed the competitive auction for the country’s largest coal deposit on Semirara Island to as far as November, seeking to overhaul contract terms to channel the vast majority of output toward domestic power generation and secure a larger government royalty...
Razon-led Apex Mining Co. Inc. expanded its earnings by 68 percent in the first six months of the year to more than ₱5 billion, as higher metal prices offset weaker output and increased production costs. Based on its financial report on Wednesday, Aug. 12, the net income of the listed mining firm...
Yap-led Lepanto Consolidated Mining Co. more than doubled its consolidated net income to ₱1.59 billion in the first half of 2026 from the ₱771 million earned in the same period last year as gold and silver prices surged in the world market. In a disclosure to the Philippine Stock Exchange (PSE)...
Consunji-led Semirara Mining and Power Corp. (SMPC) is cutting its coal production target by more than one-third and laying off hundreds of workers as uncertainty persists over who will operate Semirara coal mine after its 50-year contract expires next year. In a statement on Monday, Aug. 10, SMPC...
The Sy family has gained control over Atlas Consolidated Mining and Development Corp. from the Ramos family after raising its stake to 54.48 percent through the acquisition of a 20.43-percent interest by Dominion Holdings Inc. (DHI) from Anglo Philippine Holdings Corp. (APO). In a disclosure to the...
DMCI Holdings Inc. posted a 26 percent increase in consolidated net income for the first half of the year to ₱11.4 billion compared with ₱9 billion in the same period last year, buoyed by record earnings from nickel mining and a sharp reduction in losses from its cement operations. The...
Consunji-led Semirara Mining and Power Corp. (SMPC) posted a two-percent increase in net income in the first six months of 2026 despite weaker earnings from its coal business. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Aug. 5, SMPC said it posted a consolidated net income...
Mining magnate Felipe Yap’s Lepanto Consolidated Mining Co. and its affiliate, Far Southeast Gold Resources Inc., have executed a 25-year pact with indigenous leaders in Benguet province, clearing a major hurdle toward extending mineral production rights at their flagship deposit. The memorandum...
President Marcos’ fifth State of the Nation Address (SONA) failed to mention the climate crisis, destructive mining, and communities threatened by the continued expansion of fossil fuel infrastructure, a Roman Catholic bishop pointed out on Thursday, July 30. “President Ferdinand Marcos Jr....
Manuel V. Pangilinan-led Philex Mining Corp. posted a sharp turnaround in the second quarter of 2026, with a consolidated net income of ₱392 million from its ₱592-million net loss a quarter ago and more than double the ₱171-million net income recorded a year ago, due to the rehabilitation of...
While the country prepares for any major changes in coal exports from Indonesia, its long-standing supplier, the long-awaited auction of the Semirara coal block will be pushed back to a later date. The Department of Energy (DOE) confirmed that it needs to fine-tune the terms of reference (TOR) for...
