House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The proposed "Philippine Mining Fiscal Regime Act", which seek to enhance the fiscal regime for the mining industry has gained penultimate approval in the House of Representatives. Approved on...
The Court of Tax Appeals (CTA) has denied the petition filed by FCF Minerals Corporation (FCF) -- a firm engaged in the exploration, development, and commercial operation of mineral claims -- to refund the P57.8 million taxes it paid for its imported equipment. In 2009, FCF and the government...
Apex Mining Co. Inc. reported a 13 percent drop in consolidated net income to P1.4 billion in the first half of the year as heavy rains and landslides disrupted operations in the first quarter. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated gross revenues reached...
The "man’s world reverie" equated to the energy sector is eroding, but Maria Cristina Consunji-Gotianun, President and COO of Semirara Mining and Power Corporation (SMPC) is adding a formidable femme force to that shifting narrative. Gotianun has successfully conquered the corporate...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) The substitute bill to the proposed "Philippine Mining Fiscal Regime Act" has been approved by the Congressman Joey Salceda-chaired House Committee on Ways and Means. "With the committee approval of the fiscal regime for mining, the House...
The Philippine Nickel Industry Association (PNIA), which groups the country’s largest nickel mining companies, said the growing global demand for nickel makes it a compelling proposition for the government to extend strong support for the domestic industry to pivot to high-value nickel processing...
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...
The consolidated gross revenues of Apex Mining Co., Inc. and its subsidiaries in the first quarter of 2023 reached P2.6 billion or 15.62 percent higher than the P2.2 billion in the same period in 2022, according to a company statement. However, its consolidated net income in the same period was...
Another American firm is in discussion with the Philippines for potential huge investments in downstream nickel processing in the country, according to Trade and Industry Secretary Alfredo E. Pascual. Pascual, who accompanied President Ferdinand R. Marcos Jr.’s official working visit to the US,...
Consunji-led Semirara Mining and Power Corporation (SMPC), the country's largest producer of coal, is diversifying into liquefied natural gas (LNG) for the power generation segment of its business amid strong environmental, social, and governmental (ESG) pressures, according to the conglomerate’s...
The Board of Investments (BOI) said two nickel processing firms are expected to bring in $10 billion in potential investments into the country for the manufacture of nickel product inputs for the production of electric vehicle (EV) batteries. BOI Managing Head Ceferino S. Rodolfo BOI Managing Head...
LA TRINIDAD, Benguet – Police arrested two brothers who allegedly robbed a mining company in Mankayan, this province, of P13.2 million in gold bullions and killed five employees in 2003 after nine years of hiding in Compostela, Davao de Oro on Friday, April 14. Police Brig. Gen. David Peredo Jr.,...
