DMCI Holdings Inc. has declared a special cash dividend amounting to P6.37 billion in special cash dividends following a record high cash dividend declared by subsidiary Semirara Mining and Power Corporation. In a disclosure to the Philippine Stock Exchange, the firm said the special cash dividend...
TVI Resource Development Philippines Inc. (TVIRD), the local affiliate of listed Canadian mining firm TVI Pacific Inc. (TVI), has commenced commercial operations of its gold-silver mine in Sitio Balabag, Zamboanga del Sur. In a statement, TVIRD Balabag Project Manager Jun Gingo said the company is...
The Department of Finance (DOF) ordered the unconditional release of a report summarizing the results of an outside audit on large-scale metallic mines across the country. In a statement, Finance Secretary Carlos G. Dominguez III ordered the “preparation and dissemination” of a report...
The controversial black sand mining project in Lingayen Gulf, which obtained government approval in 2020, is seen affecting the country’s fish production given the area’s significant fisheries output, particularly bangus. Bangus In a briefing on Monday, Tugon Kabuhayan convenor and former...
Integrated energy company Semirara Mining and Power Corporation (SMPC) was recognized at the ASEAN Energy Awards for the accelerated rehabilitation of its South Panian coal mine. To be specific, SMPC was declared as the winner in the award’s Special Submission category for the company’s...
Editorial It was more than a year ago since the Duterte Administration pronounced for the first time that it wants to gain more out of the mining industry, something that was highly improbable then, until Executive Order (EO) 130 was issued six months ago. It turns out that the government is...
The first six months of the year have been good to the Philippines’ mining sector, with strong metal prices pushing the value of metals output up to P68.63 billion and gold and nickel, which account for most of the country’s mineral production, registering higher output from January to June....
Carmen Copper Corporation, a subsidiary of Atlas Mining & Development Corporation, reported higher copper production and shipments in the second quarter compared to the first quarter of the year due to improvements in grades and milling tonnage. In a disclosure to the Philippine Stock Exchange,...
The national government will come after mining companies that end up "destroying the life of a river," President Duterte said in a recent public briefing. President Rodrigo Duterte (rightmost) listens to the presentation of DENR Secretary Roy Cimatu (2nd from right) during the "Talk to the People"...
Listed firm Manila Mining Corporation (MMC), an affiliate of Lepanto Consolidated Mining Company, will resume exploration drilling at its mining tenements in Placer, Surigao del Norte, a move that will be funded by planned stock rights offering that targets to raise P519 million. This, according to...
DMCI Mining reported that its net income soared 409 percent to P1.2 billion in the first half of 2021 from P241 million in the same period last year due to record shipments and higher nickel prices. In a statement, DMCI Mining said its revenues in the first half grew 123 percent to P2.7 billion in...
More than 200 individuals passed the August 2021 Mining Engineer Licensure Examination. PRC/MB On Monday, August 16, the Professional Regulation Commission (PRC) announced that 206 out of 274 passed the said examination given by the Board of Mining Engineering in Baguio, Cebu, Cotabato and Legazpi....
