Trade and Industry Secretary Alfredo E. Pascual reported that Chinese firms have committed to invest $7.32 billion in nickel processing, power batteries, electric vehicles (EVs), electronics, and steel as they got wind of the Philippines’ plan to ban the export of raw minerals. Pascual said that...
Investor sentiment in the local stock market is more upbeat and analysts expect share prices to continue climbing this week following positive economic data released last week and as more companies announced third quarter results. “So far, we’re seeing the bullish case for the local market...
Nickel Asia Corporation announced a 12 percent improvement in its unaudited attributable net income to P6.90 billion in the first nine months of 2022 from the P6.17 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said that, despite the lower...
Globe Telecom Inc. continues to green its network by using eco-friendly batteries as backup power in critical communication sites for voice, data, and texts (Short Messaging Services). The telco deployed Sodium Nickel batteries for its core network sites which house high-capacity communication...
Nickel Asia Corporation (NAC), the Philippines’ largest producer of lateritic nickel ore, reported a 41 percent increase in attributable net income to P3.83 billion for the first semester of 2022 from P2.73 billion in the same period last year. In a disclosure to the Philippine Stock Exchange,...
Nickel Asia Corporation (NAC) reported an 80 percent surge in unaudited attributable net income to P1.05 billion in the first quarter of 2022 from the P584 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its earnings before interest, tax,...
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...
