As coal prices in the world market cooled, the net income of Semirara Mining and Power Corporation (SMPC) dropped 28% to P6.5 billion within first quarter this 2024 from a relatively robust P9.0 billion earnings in the same three-month period last year. “Global coal indices declined due to weak...
The Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Abra Mining & Industrial Corporation (AR), its directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of shares. In a complaint-affidavit filed...
Diversified engineering conglomerate DMCI Holdings, Inc. aims to return to profitability by 2025 Cemex Holdings Philippines (CHP), its largest investment to date and its first acquisition in a decade, through synergies within the group. CHP, the Philippines' fourth-largest cement...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 73 percent fall in core net income to P105 million in the first quarter of 2024 from the P388 million earned in the same period last year due to lower output. In a disclosure to the...
The Consunji Group has sealed the deal to acquire a controlling 89.86 percent of Cemex Holdings Philippines Inc. (CHP), the fourth largest cement manufacturer in the country, for $305.6 million in cash after weeks of stock market speculation. In a disclosure posted by the Philippine Stock Exchange...
DAVAO CITY – The Quezon City Regional Trial Court (RTC) Branch 85 under the National Capital Judicial Regional (NCJR) has issued an arrest warrant against the alleged mastermind and accomplice in the killing of former Philsaga Mining Corp. president retired Col. Samuel Afdal three years ago in...
The Philippine Stock Exchange (PSE) said it has no choice but to proceed with the initiation of delisting proceedings against Abra Mining Industrial Corporation (AR) pursuant to its Involuntary Delisting Rules after the Securities and Exchange Commission (SEC) found the firm to have "illegally"...
The Securities and Exchange Commission (SEC) has slapped fines amounting to more than P560 million on Abra Mining & Industrial Corporation (AR), its directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of unissued and unlisted shares from 2015...
BUTUAN CITY – A mining firm in the Caraga region is participating in the observance of Earth Hour on Saturday, March 23. PHILSAGA Mining Corp. conducts a tree-planting activity in Agusan del Sur on Wednesday, March 20. (Mike U. Crismundo) Philsaga Mining Corp. (PMC) will mobilize officials,...
Copper producer Atlas Consolidated Mining and Development Corporation reported a 65 percent fall in consolidated net income to P1.1 billion last year from P3.2 billion in 2022. Mining operations conducted by Carmen Copper Corporation In a disclosure to the Philippine Stock Exchange, the firm said...
Philex Mining Corporation, the gold and copper producer controlled by tycoon Manuel V. Pangilinan through First Pacific Company, reported a 44.4 percent drop in core net income to P963 million last year from P1.73 billion in 2022 due to lower output from its Padcal mine. Philex Mining Corporation's...
BUTUAN CITY – A mining firm in the Caraga region is once again providing assistance to landslide victims in Barangay Masara, Maco, Davao de Oro. Philsaga Mining Corp., through the MMPRC Foundation Inc. (PMFI), is distributing mats, blankets, clothes, rice, coffee, chocolate malt beverage,...
