Presidential candidate Bongbong Marcos has been using vlogs to reach as wide an audience as possible ahead of the May 9, 2022 elections. With now over 200 of these vlogs posted on his YouTube channel, a scouring of noteworthy snippets in these videos is in order. (Screenshot from Bongbong Marcos's...
Share prices of local nickel mining companies have been rising as the industry is riding high on the surge of ore prices in the global market due to strong demand coupled with supply disruptions. Demand for nickel has been rising as the global economy recovers as it is an ingredient for making...
Nickel Asia Corporation reported a 92 percent jump in attributable net income to P7.81 billion last year from the P4.07 billion earned in 2020 due to higher ore sales prices. In a disclosure to the Philippine Stock Exchange, NAC said it sold a total of 17.94 million wet metric tons (WMT) of nickel...
Berong Nickel Corporation (BNC), a subsidiary of DMCI Mining, is spending P110 million to decommission and rehabilitate its Berong mine in Quezon, Palawan over a six-year period. In a disclosure to the Philippine Stock Exchange, DMCI Mining’s parent DMCI Holdings Inc. said “Most of the budget...
DMCI Holdings' Berong Nickel Corp. (BNC) in Quezon, Palawan is now facing depletion after 15 years of mining operation and will undergo rehabilitation, according to the company. BNC said in a statement that it will spend around P110 million to decommission the Palawan mining site and that it will...
The Philippines’ production of metallic minerals were mostly down during the first nine months of the year, but value was higher at P121.16 billion due to continuing increase in prices in the world market. Data from the Mines and Geosciences Bureau (MGB) showed that the country’s metallic...
The Mines and Geosciences Bureau (MGB) is pushing for policies that would gradually restrict the exportation of raw minerals to pave the way for more mineral processing and value-adding in the country's mining sector. During the MGB Stakeholders Forum on Thursday, Juancho Pablo Galvez, chief of MGB...
Marcventures Holdings Inc. (MHI) consolidated income during the first nine months of the year surged to P790.31 million, a 384.32 percent increase from the P163.18 million the company had in the same period last year. This is amid the robust third quarter performance of the firm’s subsidiary,...
Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, saw its income going up by 19.4 percent to P1.86 billion during the first nine months of the year, compared with P1.56 billion during the same period last year. Photo from Global Ferronickel Holdings, Inc....
The country’s nickel output for this year will likely go down due to unexpected weather disturbances and some logistical issues, said a top official from the Philippine Nickel Industry Association (PNIA). During the launch of the PNIA’s first Sustainable Development Goals (SDG) report, PNIA...
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....
Thanks to higher shipments, Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, saw its income surging to P640.8 million during the first half of the year, compared to the P195.8 million it had in the same period last year. As for revenues, the company saw a...
