As a responsible mining company, Apex Mining (APX) effectively manages and mitigates its impact to the environment. In 2024, under its Annual Environmental Protection and Enhancement Program (AEPEP), the company spent P141.5 million to carry out activities, initiatives, and programs that...
DAVAO CITY – A mining firm denied on Tuesday, April 8, that they failed to pay their taxes in Pantukan town in Davao de Oro province. On April 3, the municipal government held a press conference where municipal officials accused Hexat Mining Corp. of not paying their taxes for a significant...
photo: CIDG Operatives of the Criminal Investigation and Detection Group (CIDG) arrested two Koreans and nine Filipinos after they were caught transporting 500 sacks of suspected copper ore minerals in Butuan City. CIDG director Maj. Gen. Nicolas Torre III said the foreigners and their alleged...
Philex Chairman Manuel V. Pangilinan Philex Mining Corp. is negotiating with a potential foreign investor that may take a minority stake in its wholly owned subsidiary, Silangan Mindanao Mining Co. Inc. In an interview, Philex Chairman Manuel V. Pangilinan said the investor will come in...
DMCI Holdings Executive Vice President and Chief Finance Officer Herbert Consunji Consunji-led DMCI Holdings Inc. is allotting about ₱70 billion for capital expenditures (capex) this year—including investments of affiliate Maynilad Water Services Inc., making its budget 45 percent more...
Apex Mining Co. Inc. reported a 28 percent growth in consolidated net income to ₱4.3 billion last year from the ₱3.4 billion earned in 2023 due to higher gold output and prices as well as a more favorable exchange rate. In a disclosure to the Philippine Stock Exchange, the firm said...
The Philippine Nickel Industry Association (PNIA) has strongly opposed a local ordinance imposing a 50-year moratorium on new mining operations in Palawan, citing its economic impact and conflict with national law. The Sangguniang Panlalawigan ng Palawan on Wednesday, March 5, approved the...
Senate President Francis “Chiz” Escudero on Thursday, March 6 welcomed the announcement of a joint venture between Nickel Asia Corporation and DMCI Mining Corporation to develop a nickel processing plant in the country. He called the partnership a “monumental stride” in adding...
Nickel Asia President and CEO Martin Antonio G. Zamora and DMCI Mining President Tulsi Das C. Reyes The Consunji Group’s DMCI Mining Corporation, an emerging nickel producer, and Zamora-led Nickel Asia Corporation have teamed up to explore the feasibility of developing and operating a...
Senate President Francis “Chiz” Escudero on Monday, March 3 grilled officials of the Department of Environment and Natural Resources (DENR) to explain why there are substantial number of inactive, non-operational, invalid or unused exploration permits (EPs) and mineral production sharing...
Consunji-led Semirara Mining and Power Corporation (SMPC) reported a drop in its net income in 2024 due to weaker selling prices. In a disclosure to the Philippine Stock Exchange on Monday, March 3, SMPC said its net income decreased by 30 percent to ₱19.6 billion last year from ₱27.9 billion...
DAVAO CITY – A petition for bail filed by the counsels of three accused, including the mastermind, in the killing of former Philsaga Mining Corp. president retired Col. Samuel Afdal four years ago in Surigao del Sur province was denied by the Quezon City Regional Trial Court (RTC) Branch 85. THE...
