DMCI-led Semirara Mining and Power Corporation (SMPC) is forecasting nearly P7 billion in capital expenditures (capex) for 2025, with the majority allocated for coal development. In a briefing, SMPC announced an anticipated P6.9 billion group capex. Approximately 84 percent of this amount (P5.8...
Energy firm Semirara Mining and Power Corporation (SMPC) announced a new record for coal shipments in 2024, driven by stronger demand from China and domestic markets. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Jan.14, SMPC reported reaching 16.5 million metric tons (MT) of...
United Paragon Mining Corporation (UPM), an idle gold mining firm controlled by the Ramos family, hopes to resolve its negative equity position by March this year as it continues to negotiate with creditors to reduce debt by conversion to equity. “We are pleased to inform you that we are actively...
Zamora-led Nickel Asia Corporation (NAC) is planning to divest its stake in Coral Bay Nickel Corporation (CBNC), one of the world’s largest producers of nickel and cobalt, in favor of strategic partner Sumitomo Metal Mining Co., Ltd (SMM). In a disclosure to the Philippine Stock Exchange (PSE),...
The Consunji Group’s DMCI Holdings Inc. may be shelving its plan to develop a new cement manufacturing plant on Semirara Island that would have utilized by-products from the coal mining operations of Semirara Mining and Power Corporation (SMPC). In an interview, DMCI Chief Finance Officer Herbert...
Pangilinan-led Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported that it will extend the life of its Padcal Mine by one year. "Padcal Mine has been in operation for more than six decades and still has remaining ore resources that can be...
The Consunji Group, through DMCI Holdings Inc., Semirara Mining and Power Corporation, and Dacon Corporation, has completed the acquisition of Cemex Asian South East Corporation (CASEC) for $272 million—lower than the earlier announced $305.6 million. In a disclosure to the Philippine Stock...
Atlas Consolidated Mining and Development Corporation, a copper and gold producer controlled by the Sy and Ramos families, reported a 29 percent increase in net income, reaching P1.13 billion in the third quarter of 2024, from P880 million during the same period last year. According to the...
Consunji-led diversified engineering conglomerate DMCI Holdings reported a three percent improvement in net income to P4 billion for the third quarter of 2024, from P3.9 billion in the previous year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the increase was driven by...
Pangilinan-led Philex Mining Corporation reported a 29 percent drop in core net income to P610 million in the first nine months of 2024 from the P864 million earned in the same period last year due to lower ore grades mined. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Consunji-led Semirara Mining and Power Corp. (SMPC) faced a challenging quarter, reporting a drop in profit due to declining selling prices and increasing costs that impacted overall performance. In a disclosure to the Philippine Stock Exchange on Wednesday, Oct. 30, Semirara reported that its net...
Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo-Loyzaga disclosed that the government is building up a case against the operators of a suspected illegal mineral reprocessing plant in Paracale, Camarines Norte where Chinese nationals were found. Department of...
