Philex Mining Corporation, one of the largest producers of copper and gold in the Philippines, reported that the Boyongan deposit of Silangan copper-gold mine project in Surigao del Norte may yield $7 billion in gold and copper over 28 years. In a disclosure to the Philippine Stock Exchange, the...
A new Minahang Bayan area was allowed to operate in Benguet Province amid government efforts to increase the country’s gold and silver output especially with the declaration of mining areas where small-scale miners could legally operate in. A statement from Mines and Geosciences Bureau (MGB)...
Opposition Senator Leila de Lima has criticized the Duterte government for lifting the four-year ban on open-pit mining in the country, saying such a move shows total disregard for the environment and the welfare of the people. De Lima said the government should reinstate the ban on open-pit...
Despite the prevailing coronavirus disease (COVID-19) pandemic, the Department of Natural Environment and Natural Resources (DENR) said it surpassed its target in terms of issuing closure orders and mining permits and contracts to erring establishments this year. DENR Sec. Roy Cimatu In a statement...
The Department of Finance (DOF) has thrown its support behind the lifting of the ban on open-pit mining, saying the decision highlighted the government’s capability to strictly regulate extractive activities in the country. In a statement, Finance Secretary Carlos G. Dominguez III said on...
Philex Mining Corp., the country's largest gold producer, has decided to finally proceed with the development of the Silangan Mine project in Surigao del Norte within the first half of 2022, but at a slower pace and smaller scale sans the strategic investments that the listed firm has long been...
The Chamber of Mines of the Philippines (COMP), composed of some of the biggest mining companies in the country, has adopted a major climate change protocol to align with the global sustainability initiative among many mining companies around the world. 51395 In a statement, COMP said it has...
Agata Mining Ventures Inc. (AMVI), a project of TVI Resource Development Philippines Inc. (TVIRD), was recently conferred the 2021 Presidential Mineral Industry Environmental Award (PMIEA). A statement showed that for the third time, AMVI secured the country’s highest distinction for exceptional...
Berong Nickel Corporation (BNC), a subsidiary of DMCI Mining, is spending P110 million to decommission and rehabilitate its Berong mine in Quezon, Palawan over a six-year period. In a disclosure to the Philippine Stock Exchange, DMCI Mining’s parent DMCI Holdings Inc. said “Most of the budget...
The Department of Environment and Natural Resources (DENR) has awarded several mining companies for their initiatives and achievements in environmental management and development, among other efforts, during the recent National Mine Safety and Environment Conference. In a statement, the DENR said...
Probinsyano Ako Partylist Rep. Jose “Bonito” Singson on Wednesday, Dec. 1 urged Congress leaders to include in their priority list of legislations the bill proposing to put an end to the exportation of raw black sand and its derivatives. F615A34A-3A3A-4640-B6B4-2FD7B5D43C7A Singson aired the...
DMCI Holdings' Berong Nickel Corp. (BNC) in Quezon, Palawan is now facing depletion after 15 years of mining operation and will undergo rehabilitation, according to the company. BNC said in a statement that it will spend around P110 million to decommission the Palawan mining site and that it will...
