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...
Despite the prevailing coronavirus disease (COVID-19) pandemic, the Department of Natural Environment and Natural Resources (DENR) said it surpassed its target in terms of issuing closure orders and mining permits and contracts to erring establishments this year. DENR Sec. Roy Cimatu In a statement...
The Department of Finance (DOF) has thrown its support behind the lifting of the ban on open-pit mining, saying the decision highlighted the government’s capability to strictly regulate extractive activities in the country. In a statement, Finance Secretary Carlos G. Dominguez III said on...
Philex Mining Corp., the country's largest gold producer, has decided to finally proceed with the development of the Silangan Mine project in Surigao del Norte within the first half of 2022, but at a slower pace and smaller scale sans the strategic investments that the listed firm has long been...
The Chamber of Mines of the Philippines (COMP), composed of some of the biggest mining companies in the country, has adopted a major climate change protocol to align with the global sustainability initiative among many mining companies around the world. 51395 In a statement, COMP said it has...
