The Department of Finance (DOF) said the Marcos administration would push for a new mining fiscal regime to increase public tax revenues and promote transparency. During a Senate hearing on Tuesday, Aug. 16, Finance Secretary Benjamin E. Diokno said that the proposal rationalization of the mining...
House Ways and Means Committee Chairman Albay 2nd district Rep. Joey Sarte Salceda is confident that, by year end, the government will have hit its economic growth targets. This, despite the fact that the Philippine economy slowed down to 7.4 percent in the second quarter of 2022. Albay 2nd...
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...
BAGUIO CITY -- The Benguet Corporation has allocated funds for the immediate construction of a bridge near its abandoned mining patented claim area near an open pit in Sitio Luneta, Loacan-Antamok, Itogon. Residents walk to the proposed site of a one-lane bridge to be constructed by Benguet...
The Department of Finance (DOF) assured on Wednesday, Aug. 3, that the Marcos administration would create an enabling environment for mining activities to flourish in the country. At the listing of Philex Mining Corp.’s (Philex) common shares in the Philippine Stock Exchange (PSE), Finance...
Semirara Mining and Power Corporation (SCC) is returning to the 30-company PSE index (PSEi), replacing Security Bank Corporation (SECB), effective Monday, August 8, 2022. In a statement, the Philippine Stock Exchange said Semirara was qualified to be a member of the PSEi based on the results of the...
SYDNEY, Australia -- Miners in Angola have unearthed a rare pure pink diamond that is believed to be the largest found in 300 years, the Australian site operator announced Wednesday. This undated handout picture released by Lucapa Diamond Company Limited on July 27, 2022 shows a 170 carat pink...
Atlas Consolidated Mining and Development Corporation reported a slight improvement in net income to P2 billion in the first half of 2022 from the P1.94 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said “The improvement in the bottom line...
The Department of Finance (DOF) said on Wednesday, July 6, that the government wants to accelerate the revival of the local mining industry to support the country’s economic recovery. After the industry was sidelined in the past couple years due to environmental concerns, Finance Secretary...
Opposition Senator Leila de Lima on Monday, June 6 commended South Cotabato Governor Reynaldo Tamayo Jr. for vetoing the controversial local measure that seeks to lift the ban on open-pit mining in the province which was approved by the Provincial Board two weeks ago. “I laud South Cotabato Gov....
Marbel Bishop Cerilo Casicas has called on the public to remain vigilant. Photo courtesy CBCP This, despite the governor’s decision to veto a measure allowing open-pit mining in the province. “We remain vigilant until the present threat to amend the lifting of the open-pit mining ban is...
DAVAO CITY – The Diocese of Marbel in South Cotabato will remain vigilant until such time when there is no more threat of lifting the open-pit mining ban in the town of Tampakan. A few days back, South Cotabato Governor Reynaldo Tamayo repudiated a Provincial Board resolution seeking to lift the...
