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...
Semirara Mining and Power Corporation announced that its Board of Directors has approved the declaration of a special cash dividend amounting to P10.6 billion, equivalent to P2.50 per outstanding common share. In a disclosure to the Philippine Stock Exchange, the firm said its shareholders on...
President Marcos has lauded mining companies for going beyond mere compliance to generate profit as he recognized the private sector’s initiatives for protecting the environment and ecology. President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM screenshot) Marcos said this as he led the 2023...
Listed mining firm Benguet Corp. said on Tuesday, Oct. 15, it secured another 25 years of permit from the Department of Environment and Natural Resources (DENR) to operate and conduct mining activities in Balanga, Bataan. In a regulatory filing, Benguet Corp. said it received the approval of the...
The Consunji family’s privately-held investment holding company Dacon Corporation is planning to kick off its P1.94 billion tender offer for the minority shares of Cemex Holdings Philippines Inc. (CHP) next month. In a disclosure to the Philippine Stock Exchange, CHP said it has received a copy...
