The consolidated gross revenues of Apex Mining Co., Inc. and its subsidiaries in the first quarter of 2023 reached P2.6 billion or 15.62 percent higher than the P2.2 billion in the same period in 2022, according to a company statement. However, its consolidated net income in the same period was...
Another American firm is in discussion with the Philippines for potential huge investments in downstream nickel processing in the country, according to Trade and Industry Secretary Alfredo E. Pascual. Pascual, who accompanied President Ferdinand R. Marcos Jr.’s official working visit to the US,...
Consunji-led Semirara Mining and Power Corporation (SMPC), the country's largest producer of coal, is diversifying into liquefied natural gas (LNG) for the power generation segment of its business amid strong environmental, social, and governmental (ESG) pressures, according to the conglomerate’s...
The Board of Investments (BOI) said two nickel processing firms are expected to bring in $10 billion in potential investments into the country for the manufacture of nickel product inputs for the production of electric vehicle (EV) batteries. BOI Managing Head Ceferino S. Rodolfo BOI Managing Head...
LA TRINIDAD, Benguet – Police arrested two brothers who allegedly robbed a mining company in Mankayan, this province, of P13.2 million in gold bullions and killed five employees in 2003 after nine years of hiding in Compostela, Davao de Oro on Friday, April 14. Police Brig. Gen. David Peredo Jr.,...
State-run pension fund Government Service Insurance System (GSIS) has invested P1.46 billion in mining firm Nickel Asia Corporation (NAC). In a disclosure to the Philippine Stock Exchange, NAC said the GSIS investment involved a purchase of a total of 233.55 million common shares, done through a...
The domestic nickel industry said the government should first provide a stable policy environment for the mining industry, primarily on nickel, to be able to attract more foreign investors and participate in the electric vehicle (EV) global value chain. Dante Bravo, president of FNI and...
President Ferdinand "Bongbong" Marcos Jr. said that his administration would do a "meticulous balancing" to protect the environment and enforce the country's law on responsible mining. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos said this in response to a question about...
Senator Risa Hontiveros on Saturday, Jan. 11, urged the Senate to immediately hear Senate Resolution (SR) No. 459 to investigate the issues surrounding the mining operations in Sibuyan Island to establish accountabilities and responsibilities as soon as possible. Hontiveros made the statement after...
The Altai Philippines Mining Corporation (APMC) will not be given the clearance to operate the port it constructed in Sibuyan Island in Romblon, the Philippine Ports Authority (PPA) disclosed on Thursday, Feb. 9. The reason, according to PPA General Manager Jay Daniel Santiago, is that the mining...
Senator Risa Hontiveros on Monday, February 6 filed Senate Resolution No. 459 calling for a Senate inquiry into the nickel and metallic mining activities on Sibuyan Island, Romblon. Hontiveros filed the measure following reports that residents in the area continue to set up a human barricade to...
CEBU CITY -- A 46-year-old woman was killed after an old limestone mining pit collapsed in Barangay Sabang, Danao City, northern Cebu. The fatality was identified as Mejame Iway Papaya. Rescuers retrieve the body of a 46-year-old woman who was killed after a mine pit collapsed in Barangay Sabang,...
