Philippine General Minerals Project, Inc. (PGMPI), a Filipino-owned company engaged in the rehabilitation of mining tailings in the country, is in discussion with South Korean investor Busan Equity Partners (BEP), a consortium of South Korea’s institutional investors, for potential collaboration...
Filipino-owned Philippine General Minerals Project, Inc. (PGMPI) has expressed keen interest to invest in the processing of critical minerals to support the Philippines' goal to become a major supplier of processed metals and participate in the huge global value chain for electric vehicles...
One of the first things that Vice President Leni Robredo will do is she wins in May 2022 is to issue an executive order declaring 'no mining' areas, effectively scrapping President Duterte’s 2021 order to lift the moratorium on mineral agreements. Vice President Leni Robredo (OVP photo) While she...
A new Minahang Bayan area was allowed to operate in Benguet Province amid government efforts to increase the country’s gold and silver output especially with the declaration of mining areas where small-scale miners could legally operate in. A statement from Mines and Geosciences Bureau (MGB)...
Philex Mining Corp., the country's largest gold producer, has decided to finally proceed with the development of the Silangan Mine project in Surigao del Norte within the first half of 2022, but at a slower pace and smaller scale sans the strategic investments that the listed firm has long been...
The Chamber of Mines of the Philippines (COMP), composed of some of the biggest mining companies in the country, has adopted a major climate change protocol to align with the global sustainability initiative among many mining companies around the world. 51395 In a statement, COMP said it has...
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 Mines and Geosciences Bureau (MGB) is eyeing increased production in gold and silver amid plans to fast-track the declaration of more Minahang Bayan areas across different parts of the country. In a statement, MGB, an attached agency to the Department of Environment and Natural Resources...
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 Duterte Administration is poised to reverse its earlier ruling on keeping the ban on open-pit method of mining supposedly done to appease environmental groups. On Wednesday, Oct. 27, Business Bulletin secured a draft Department of Environment and Natural Resources (DENR) Administrative Order...
