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...
TVI Resource Development Philippines Inc. (TVIRD), the local affiliate of listed Canadian mining firm TVI Pacific Inc. (TVI), has commenced commercial operations of its gold-silver mine in Sitio Balabag, Zamboanga del Sur. In a statement, TVIRD Balabag Project Manager Jun Gingo said the company is...
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...
The Department of Environment and Natural Resources (DENR) opted to keep the nationwide ban on open-pit mines amid the clamor of environmental groups. This was after the government agency attempted to insert a provision in the implementing rules and regulations (IRR) of Executive Order 130 that...
The implementing rules and regulations (IRR) of Executive Order (EO) 130 – which lifted the moratorium on new mining projects and the nationwide ban on open-pit mining method – has already been signed by Environment and Natural Resources Secretary Roy Cimatu. mining In a text message, Mines and...
Alyansa Tigil Mina (ATM) has denounced the renewal of the Financial or Technical Assistance Agreement (FTAA) of Australian-Canadian miner OceanaGold Corporation (OceanaGold) amid environmental concerns. In a statement, ATM "strongly denounced" the decision of President Rodrigo Duterte to renew the...
Two years after its Financial or Technical Assistance Agreement (FTAA) with the Philippine government expired, Australian-Canadian miner OceanaGold Corporation (OceanaGold) is now allowed to resume the operations of its gold-copper mining project in the country until 2044. This is on condition...
The government has declared two Minahang Bayan (MB) areas in Cordillera Administrative Region (CAR) covering a combined mining area of 50 hectares. In two separate announcements, Mines and Geosciences Bureau (MGB) in CAR said that the Provincial Mining and Regulatory Board of Abra (PMRB-Abra)...
