A week since Typhoon Ulysses hit the country, the Mines and Geosciences Bureau (MGB) has allowed miners to re-align their funds for their respective Social Development and Management Programs (SDMP) to bankroll their typhoon relief efforts. “In the interest of public service and for humanitarian...
Regulated use of explosives in small-scale mining areas may be allowed in the amended version of the Republic Act (RA) 7076 or the People's Small-Scale Mining Act, a top official at Mines and Geosciences Bureau (MGB) said. This alarmed an environmental group, which said the MGB does not even have...
Philex Mining Corporation registered a new high quarterly core net income, and ended the first nine months of the year on an encouraging note. In a disclosure to the Philippine Stock Exchange, the firm reported a core net income of P865 million for the first nine months of 2020 from only P39...
Philex Mining Corporation reported that it has partially resumed underground operations at its Padcal Minesite, at 50 percent operational capacity, after its previously-declared temporary suspension. The suspension was done to implement measures to avoid the risk of community transmission of...
The Department of Finance (DOF) wants to revive the mining industry to create jobs in rural as well as generate revenues for the government’s efforts in rebuilding the economy hit by the pandemic. At the virtual Philippine Business Conference and Expo, Finance Secretary Carlos G. Dominguez III...
The Chamber of Mines of the Philippines (COMP), the group of some of the largest mining companies in the Philippines, is now ready to implement the localized version of Towards Sustainable Mining (TSM), an international mining sustainability standard adopted by miners in Canada and other countries....
