CAGAYAN DE ORO CITY – Police in Northern Mindanao pledged Monday to target larger networks behind illegal mining after a weekend raid in Misamis Oriental netted P30.8-million worth of equipment and 24 suspects, including two Chinese nationals. Police Brig. Gen. Christopher Abrahano, Police...
The International Coalition for Human Rights in the Philippines (ICHRP) on Monday, Jan. 26 called on President Marcos to intervene and order the immediate release of seven residents arrested during the “violent” dispersal of an anti-mining barricade in Dupax del Norte, Nueva Vizcaya. “ICHRP...
Just in time for a recovery in metal prices, MacroAsia Mining Corp. (MMC), a wholly owned subsidiary of Lucio Tan Group’s (LTG) MacroAsia Corp. (MAC), has received regulatory approval for the revival of its nickel mine in Palawan province. In a disclosure to the Philippine Stock Exchange (PSE),...
MATI CITY, Davao Oriental – Nickel laterite ore extracted in Mati City has entered the global supply chain for electric vehicle (EV) batteries, as demand for the metal rises in tandem with the expansion of renewable energy and clean transportation technologies, according to Hallmark Mining Corp....
BUTUAN CITY – The Butuan City Mobile Force Company (BCMFC) arrested 10 individuals allegedly involved in illegal mining during a raid in Barangay Bilay here on Monday afternoon. BCMFC chief Police Lt. Col. Randie Azote said in an interview Tuesday that the 10 suspects were caught in the act of...
As Christmas greetings made the rounds, so did quieter whispers of an unsettling rumor: that a major mining company shareholder is allegedly being groomed to take the helm of the Department of Environment and Natural Resources (DENR). This raises a troubling scenario: Is current Environment...
United Paragon Mining Corp., the gold producer controlled by the Ramos family, agreed to a debt-to-equity conversion that will hand a 13.3 percent stake to the Marsman Drysdale Group as the miner seeks to clean up its balance sheet despite nearly two decades of suspended operations. The company’s...
The government is poised to cancel the birth certificate of nickel magnate Joseph Sy after authorities identified him as a Chinese national. The Office of the Solicitor General (OSG) made the disclosure at the Senate Justice and Human Rights subcommittee hearing on Monday, December 15, led by Sen....
DAVAO CITY – The provincial government of Davao Oriental has intensified efforts to protect the environment against the hazardous impact of large-scale mining operations as well as unauthorized small-scale mining activities, quarrying, and transport of other minerals. Authorities recently shut...
Hong Kong-based investment holding firm First Pacific Co. Ltd. expects its earnings to continue its upward trajectory through increased contributions from its Philippines businesses, Philex Mining Corp., and digital bank Maya. In a virtual investor conference, First Pacific stated that the two...
Some economists are sounding the alarm that the Philippines is rapidly de-industrializing, basing their observation on the decreasing share of manufacturing as a percentage of gross domestic product (GDP). It is true that manufacturing is not growing as fast as some service sectors like IT-BPM,...
The Department of Environment and Natural Resources (DENR) will begin auctioning off about 50 idle mining assets nationwide to the private sector as early as next month, in line with the government’s efforts to maximize the country’s vast natural resources. DENR Undersecretary Carlos Primo...
