The Department of Finance (DOF) wants to further foster the government’s revenue collection from extractive industries, which the Marcos administration believes to be one of the drivers of the country’s long-term economic expansion. At the FORGE PH: Philippine Extractive Industries Transparency...
Cagayan de Oro 2nd district Rep. Rufus Rodriguez refuses to give up on his twin pro-environment measures, which have always hit a snag once they are elevated to the Senate. Cagayan de Oro 2nd district Rep. Rufus Rodriguez (Facebook) “We will not tire of filing and refiling these bills because...
DMCI Mining Corporation posted an 8 percent upturn in standalone second quarter core net income to P542 million from P502 millionin the same period last year. The firm said in a statement that core profit improved as higher selling prices and stronger US dollar offset the combined impact of lower...
The Department of Finance (DOF) said the Marcos administration would push for a new mining fiscal regime to increase public tax revenues and promote transparency. During a Senate hearing on Tuesday, Aug. 16, Finance Secretary Benjamin E. Diokno said that the proposal rationalization of the mining...
House Ways and Means Committee Chairman Albay 2nd district Rep. Joey Sarte Salceda is confident that, by year end, the government will have hit its economic growth targets. This, despite the fact that the Philippine economy slowed down to 7.4 percent in the second quarter of 2022. Albay 2nd...
QUEZON, Nueva Vizcaya – Two men were arrested for stealing gold ores from a mining company in Sitio Bit-Ang, Barangay Runruno here Saturday, August 6. THE suspects' loot. (Police photo) Police identified the suspects as Dick Malana, 40, and Jimmy Madiwo, 47. The 86th Infantry Battalion, 1st Nueva...
BAGUIO CITY -- The Benguet Corporation has allocated funds for the immediate construction of a bridge near its abandoned mining patented claim area near an open pit in Sitio Luneta, Loacan-Antamok, Itogon. Residents walk to the proposed site of a one-lane bridge to be constructed by Benguet...
The Department of Finance (DOF) assured on Wednesday, Aug. 3, that the Marcos administration would create an enabling environment for mining activities to flourish in the country. At the listing of Philex Mining Corp.’s (Philex) common shares in the Philippine Stock Exchange (PSE), Finance...
Semirara Mining and Power Corporation (SCC) is returning to the 30-company PSE index (PSEi), replacing Security Bank Corporation (SECB), effective Monday, August 8, 2022. In a statement, the Philippine Stock Exchange said Semirara was qualified to be a member of the PSEi based on the results of the...
SYDNEY, Australia -- Miners in Angola have unearthed a rare pure pink diamond that is believed to be the largest found in 300 years, the Australian site operator announced Wednesday. This undated handout picture released by Lucapa Diamond Company Limited on July 27, 2022 shows a 170 carat pink...
Atlas Consolidated Mining and Development Corporation reported a slight improvement in net income to P2 billion in the first half of 2022 from the P1.94 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said “The improvement in the bottom line...
The Department of Finance (DOF) said on Wednesday, July 6, that the government wants to accelerate the revival of the local mining industry to support the country’s economic recovery. After the industry was sidelined in the past couple years due to environmental concerns, Finance Secretary...
