The value of the country’s metallic mineral production from January to June rose by more than 40 percent to over ₱200 billion compared to a year ago, driven by higher gold prices that offset weaker production volume. Data from the Mines and Geosciences Bureau (MGB) showed that the country...
The issuance of Executive Order No. 122, establishing a national policy framework for the development of the Philippines’ critical minerals sector, comes at an important moment. The country possesses vast deposits of nickel, copper, gold and other minerals essential to electric vehicles,...
SAO PAULO (AP) — The world is increasingly turning to Brazil to explore for rare earth minerals that are crucial for technology and renewable energy. The country 's large reserves are second only to China and have attracted investors, many of them with foreign support. An analysis by The...
President Marcos has established a national policy framework aimed at developing the Philippines ' critical minerals industry and strengthening government coordination in the mining sector. Under Executive Order (EO) No. 122, the government will pursue the exploration, development, processing,...
The Sy family is set to consolidate its controlling stake in Atlas Consolidated Mining and Development Corp. by next year after SM Investments Corp. (SMIC) transfers its mining interest to Dominion Holdings Inc. SMIC is set to divest from Atlas Mining next year so it can focus more on growing the...
The Department of Energy (DOE) has delayed the competitive auction for the country’s largest coal deposit on Semirara Island to as far as November, seeking to overhaul contract terms to channel the vast majority of output toward domestic power generation and secure a larger government royalty...
Razon-led Apex Mining Co. Inc. expanded its earnings by 68 percent in the first six months of the year to more than ₱5 billion, as higher metal prices offset weaker output and increased production costs. Based on its financial report on Wednesday, Aug. 12, the net income of the listed mining firm...
Yap-led Lepanto Consolidated Mining Co. more than doubled its consolidated net income to ₱1.59 billion in the first half of 2026 from the ₱771 million earned in the same period last year as gold and silver prices surged in the world market. In a disclosure to the Philippine Stock Exchange (PSE)...
Consunji-led Semirara Mining and Power Corp. (SMPC) is cutting its coal production target by more than one-third and laying off hundreds of workers as uncertainty persists over who will operate Semirara coal mine after its 50-year contract expires next year. In a statement on Monday, Aug. 10, SMPC...
The Sy family has gained control over Atlas Consolidated Mining and Development Corp. from the Ramos family after raising its stake to 54.48 percent through the acquisition of a 20.43-percent interest by Dominion Holdings Inc. (DHI) from Anglo Philippine Holdings Corp. (APO). In a disclosure to the...
DMCI Holdings Inc. posted a 26 percent increase in consolidated net income for the first half of the year to ₱11.4 billion compared with ₱9 billion in the same period last year, buoyed by record earnings from nickel mining and a sharp reduction in losses from its cement operations. The...
Consunji-led Semirara Mining and Power Corp. (SMPC) posted a two-percent increase in net income in the first six months of 2026 despite weaker earnings from its coal business. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Aug. 5, SMPC said it posted a consolidated net income...
