TECH4GOOD Monchito Ibrahim A couple of recent technology-related developments gave a new dimension to the word 'mining.' One is related to bitcoin where mining is done to create more bitcoins and at the same time confirm transactions on the currency’s network making it more trustworthy. The other...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 118 percent jump in core net income last year to P2.53 billion from P1.16 billion in 2020. In a disclosure to the Philippine Stock Exchange, the firm said “Favorable and sustained...
DMCI Mining posts record profit of P1.7-B By JAMES A. LOYOLA DMCI Mining Corporation nearly tripled its net income to P1.7 billion last year, its highest ever, from P575 million in 2020 on the back of record shipments coupled with surging nickel prices. In a disclosure to the Philippine Stock...
Philex Mining Corporation, one of the country’s top gold and copper producers, expects its net income to have grown double digits in 2021 as it rides on high metal prices. “In terms of EBITDA growth and core income growth for Philex, it should be in the high teens for 2021 over 2020. Maybe even...
The Securities and Exchange Commission (SEC) has approved the planned P3.15 billion stock rights offering of Philex Mining Corporation to fund the development of its Silangan mine. The Commission En Banc resolved to render effective the registration statement filed by Philex Mining for a stock...
One of the first things that Vice President Leni Robredo will do is she wins in May 2022 is to issue an executive order declaring 'no mining' areas, effectively scrapping President Duterte’s 2021 order to lift the moratorium on mineral agreements. Vice President Leni Robredo (OVP photo) While she...
Aspiring president Vice President Leni Robredo said she will support "responsible mining" if she becomes the president. Vice President Leni Robredo (OVP photo) During an economic forum on Friday, Jan. 21, Robredo said she is for responsible mining that both protects the environment and benefits...
The Department of Environment and Natural Resources (DENR) has suspended the operations of a mining company in Banaybanay, Davao Oriental due to water discoloration and heavy siltation in two of the province's rivers. (Photo from the Department of Environment and Natural Resources) According to a...
Opposition Senator Leila de Lima has called on the Senate to conduct an inquiry into the recent decision of the Department of Environment and Natural Resources (DENR) to lift the ban on open-pit mining in the country. De Lima in filing the resolution urged the Senate to review the said decision and...
Philex Mining Corporation, one of the largest producers of copper and gold in the Philippines, reported that the Boyongan deposit of Silangan copper-gold mine project in Surigao del Norte may yield $7 billion in gold and copper over 28 years. In a disclosure to the Philippine Stock Exchange, the...
A new Minahang Bayan area was allowed to operate in Benguet Province amid government efforts to increase the country’s gold and silver output especially with the declaration of mining areas where small-scale miners could legally operate in. A statement from Mines and Geosciences Bureau (MGB)...
Opposition Senator Leila de Lima has criticized the Duterte government for lifting the four-year ban on open-pit mining in the country, saying such a move shows total disregard for the environment and the welfare of the people. De Lima said the government should reinstate the ban on open-pit...
