DAVAO CITY – An environmental group here has expressed elation over the decision of South Cotabato governor Reynaldo Tamayo to veto a Provincial Board’s resolution lifting a ban on open-pit mining. The environmental group Interface Development Interventions for Sustainability (IDIS) said the...
DMCI Mining Corporation recorded a 14 percent improvement in first quarter core net income from P477 million in 2021 to this year’s P543 million, its highest for any given quarter. In a disclosure to the Philippine Stock Exchange, the firm said revenues grew faster at 25 percent from P1.1 billion...
The Chamber of Mines of the Philippines (COMP) lauded the lifting of open pit mining ban in South Cotabato saying this will finally pave the way for the development of the Tampakan copper gold project in Mindanao. Based on COMP estimates, the initial 10 years of operation of the Tampakan...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 25 percent growth in core net income to P676 million in the first quarter of 2022 from P540 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Atlas Consolidated Mining and Development Corporation almost tripled its net income to a new record of P1.22 billion for the first quarter of 2022 from the P420 million for the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said higher production and higher metal...
Atlas Consolidated Mining and Development Corporation posted a record a record net income of P3.86 billion last year, 31 times the P118 million it earned in 2020. In a disclosure to the Philippine Stock Exchange, the firm said stable production, resilient operation and higher metal prices sustained...
Some 1000 fisher folk from 12 barangays in Aparri, Cagayan will march from the Catholic Church arch to Aparri municipal arch on Friday, April 22, to protest the black sand operations in the town which they say is happening in the guise of river dredging. Residents here reported the return of mining...
Aspiring vice president Senator Francis "Kiko" Pangilinan has expressed opposition over the black sand mining activities along the Zambales coastline, saying it must be stopped completely. Senator Francis “Kiko” Pangilinan (Photo courtesy of Team Kiko) Pangilinan aired his opposition during an...
Manila Mining Corporation is planning to raise up to P519 million from a planned stock rights offering to existing shareholders. In a disclosure to the Philippine Stock Exchange, the firm said it is planning to offer 51.92 billion shares consisting of 31.16 billion class A common shares and 20.76...
Philex Mining Corporation is postponing its planned P3.15 billion stock public offering “given the current market volatility to help ensure its success.” In a disclosure to the Philippine Stock Exchange, the firm said it had agreed with issue manager and lead underwriter for the offer BDO...
The Armed Forces of the Philippines (AFP) acquired a Short Brothers & Harland SD3-30 transport aircraft which was donated by a mining company on Friday, April 1. The Armed Forces of the Philippines (AFP) receives a Short Sherpa cargo plane donated by Semirara Mining and Power Corporation in a...
BAGUIO CITY – If he can have his way, Sorsogon Governor and now Senatorial candidate Chiz Escudero wants the local government to have a say in the mining industry to ensure the environment would not be damaged. Escudero, an independent senatorial candidate who was in this famous mountain hideaway...
