State-run pension fund Government Service Insurance System (GSIS) has invested P1.46 billion in mining firm Nickel Asia Corporation (NAC). In a disclosure to the Philippine Stock Exchange, NAC said the GSIS investment involved a purchase of a total of 233.55 million common shares, done through a...
The domestic nickel industry said the government should first provide a stable policy environment for the mining industry, primarily on nickel, to be able to attract more foreign investors and participate in the electric vehicle (EV) global value chain. Dante Bravo, president of FNI and...
President Ferdinand "Bongbong" Marcos Jr. said that his administration would do a "meticulous balancing" to protect the environment and enforce the country's law on responsible mining. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos said this in response to a question about...
Senator Risa Hontiveros on Saturday, Jan. 11, urged the Senate to immediately hear Senate Resolution (SR) No. 459 to investigate the issues surrounding the mining operations in Sibuyan Island to establish accountabilities and responsibilities as soon as possible. Hontiveros made the statement after...
The Altai Philippines Mining Corporation (APMC) will not be given the clearance to operate the port it constructed in Sibuyan Island in Romblon, the Philippine Ports Authority (PPA) disclosed on Thursday, Feb. 9. The reason, according to PPA General Manager Jay Daniel Santiago, is that the mining...
Senator Risa Hontiveros on Monday, February 6 filed Senate Resolution No. 459 calling for a Senate inquiry into the nickel and metallic mining activities on Sibuyan Island, Romblon. Hontiveros filed the measure following reports that residents in the area continue to set up a human barricade to...
CEBU CITY -- A 46-year-old woman was killed after an old limestone mining pit collapsed in Barangay Sabang, Danao City, northern Cebu. The fatality was identified as Mejame Iway Papaya. Rescuers retrieve the body of a 46-year-old woman who was killed after a mine pit collapsed in Barangay Sabang,...
DMCI Holdings Inc. and subsidiary Semirara Mining and Power Corporation have been included as members of the prestigious 2023 Bloomberg Gender-Equality Index (GEI) for the third consecutive year. Bloomberg GEI is a modified market capitalization-weighted index that aims to track the performance of...
The mining sector is amenable to the government’s planned higher taxes as long as the move will not put them out of business and not discourage the strong interest by the world’s top mining giants to invest in the country. Mike Toledo, president of the Chamber of Mines of the Philippines...
Diversified engineering conglomerate DMCI Holdings and its energy subsidiary Semirara Mining and Power Corporation (SMPC) have been recognized for their corporate governance performance by the Institute of Corporate Directors (ICD). DMCI Holdings received the 2 Golden Arrow recognition while SMPC...
Philex Mining Corporation, one of the oldest and largest copper and gold producers in Southeast Asia, is looking at expanding its Padcal mine in Benguet by investing in Macawiwili Gold Mining and Development Co., Inc. In a disclosure to the Philippine Stock Exchange, Philex said it recently set...
Nickel Asia Corp. (NAC), the Philippines’ lone nickel mining company with processing plants in partnership with Sumitomo Metal Mining Co., Ltd., is weighing further opportunities in the electric vehicle industry as government is strongly pushing for the country’s participation in the...
