Zambales Diversified Metals Corporation (ZDMC), a subsidiary of DMCI Mining, has been awarded the Presidential Mineral Industry Environmental Award (PMIEA). In a statement, the firm said this is in recognition of its commitment to environmental protection, safety measures, community development,...
The provincial government of Eastern Samar said it can finally monitor mining operations to ensure responsible mining and environmental protection in the province. In a statement on Wednesday, Nov. 22, Eden Ivy Balagasay, Eastern Samar provincial legal officer said this was the first vital...
Silangan Mindanao Mining Co. Inc., a wholly-owned subsidiary of Philex Mining Corporation, signed a $100-million syndicated debt facility to fund its ongoing mine development program. In a disclosure to the Philippine Stock Exchange (PSE), Philex said the lenders are Union Bank of the Philippines,...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a drop in core net income to P864 million for the first nine months of 2023 from the P1.54 billion earned in the same period last year as its Padcal mine nears depletion. In a disclosure...
Yindjibarndi Energy Corporation (YEC), a subsidiary of Ayala-led ACEN Corporation has inked a preliminary deal with London-headquartered Rio Tinto for development collaboration on the latter’s targeted energy usage shift to renewable energy in its Australian mining operations. In a press...
Consunji-led Semirara Mining and Power Corporation (SMPC) has declared record-high special cash dividends of P14.88 billion, based on the approval granted by its board of directors on October 10 this year. The company noted that the special cash dividends will form part of the payout that it has...
Berong Nickel Corporation (BNC), a subsidiary of the Consunji family’s DMCI Mining Corporation, reported that it has successfully rehabilitated over 30 hectares of the now-depleted Berong nickel mine. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this means it has...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) A measure that aims to increase government revenues from the mining industry has been passed on third and final reading during a marathon session in the House of Representatives. ...
DMCI Mining Corporation expects to surpass its 2022 nickel ore production and shipments after recording notable improvements in the first semester, even as it expects two new mines in Zambales with combined investments of over P500 million to start operations within a year. In an interview, DMCI...
The mining sector wishes that the government will set up a one-stop shop for the securing of permits needed to develop mineral resources in the country—similar to the one put up by the Department of Energy (DOE). “Of course, we’d love to have streamlined permits. I think DOE is setting the...
With the funding and development of its estimated $244 million Silangan gold mine underway, Philex Mining Corporation is now planning to venture into nickel mining while eyeing the possible acquisition of two gold prospects: the old Dizon copper silver mine and the Macawiwili property beside its...
Mining allows green technology to flourish on top of economic benefits such as the generation of revenues and jobs to uplift the lives and promote the welfare of the people, particularly in far-flung areas, according to businessman Manuel V. Pangilinan. As Philex Mining Corporation chairman,...
