Camarines Sur 2nd district Rep. LRay Villafuerte is backing Malacañang's directive for the Department of Environment and Natural Resources (DENR) to look into legalizing the predominantly unlicensed activities of small-scale miners. Camarines Sur 2nd district Rep. LRay Villafuerte (left) and...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in the Southeast Asia, has found additional mineable reserves in its Padcal Mine that will extend its mine life by three more years. In a disclosure to the Philippine Stock Exchange, the firm said it has successfully...
Apex Mining Co. Inc. is buying the Davao de Oro copper mining operations controlled by Clariden Holdings Inc., a subsidiary of Iñigo Zobel and Ramon S. Ang’s Top Frontier Holdings Inc. for $81.5 million (P4.56 billion) . In a disclosure to the Philippine Stock Exchange, Apex said its Board of...
Businessman Alfredo C. Ramos has passed away last Nov. 26, 2022 at the age of 79. Once listed by Forbes Magazine as among the Philippines’ Richest, Ramos is the son of National Book Store founder, Socorro Ramos and heads companies that have business interests in publishing, mining, oil...
DMCI Mining Corporation reported a 17 percent decrease in net income to P1.17 billion during the first nine months of 2022 from the P1.41 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said the decline in profit is due to lower nickel ore...
President Ferdinand "Bongbong" Marcos Jr. has ordered the Department of Environment and Natural Resources (DENR) to bolster its regulatory powers on small and large-scale mining to ensure the safety of miners. President Ferdinand 'Bongbong' Marcos Jr. met with environment officials on Nov. 22, 2022...
Church leaders based in the Davao Region have expressed support for the move to declare Davao Oriental as a mining-free zone. Davao Region bishops supports a mining-free Davao Oriental (CBCP News) Davao Archbishop Romulo Valles, Davao Auxiliary Bishop George Rimando, Digos Bishop Guillermo Afable,...
Camarines Sur 2nd district Rep. Luis “LRay” Villafuerte has thrown his support behind the Department of Environment and Natural Resources' (DENR) plan to legalize more Minahang Bayan (MB) areas. Photo from Mines and Geosciences Bureau The MBs are zones wherein small-scale mining (SSM)...
The Department of Environment and Natural Resources (DENR) has identified nine million hectares of potential mining areas in the country as it vowed to boost the mining industry amid the country's continuous economic setbacks that started during the Covid-19 pandemic. Lawyer Jonas Leones, DENR...
The Department of Finance (DOF) wants to further foster the government’s revenue collection from extractive industries, which the Marcos administration believes to be one of the drivers of the country’s long-term economic expansion. At the FORGE PH: Philippine Extractive Industries Transparency...
Cagayan de Oro 2nd district Rep. Rufus Rodriguez refuses to give up on his twin pro-environment measures, which have always hit a snag once they are elevated to the Senate. Cagayan de Oro 2nd district Rep. Rufus Rodriguez (Facebook) “We will not tire of filing and refiling these bills because...
DMCI Mining Corporation posted an 8 percent upturn in standalone second quarter core net income to P542 million from P502 millionin the same period last year. The firm said in a statement that core profit improved as higher selling prices and stronger US dollar offset the combined impact of lower...
