The Mines and Geosciences Bureau (MGB) is eyeing increased production in gold and silver amid plans to fast-track the declaration of more Minahang Bayan areas across different parts of the country. In a statement, MGB, an attached agency to the Department of Environment and Natural Resources...
The Philippines’ production of metallic minerals were mostly down during the first nine months of the year, but value was higher at P121.16 billion due to continuing increase in prices in the world market. Data from the Mines and Geosciences Bureau (MGB) showed that the country’s metallic...
The Mines and Geosciences Bureau (MGB) is pushing for policies that would gradually restrict the exportation of raw minerals to pave the way for more mineral processing and value-adding in the country's mining sector. During the MGB Stakeholders Forum on Thursday, Juancho Pablo Galvez, chief of MGB...
Marcventures Holdings Inc. (MHI) consolidated income during the first nine months of the year surged to P790.31 million, a 384.32 percent increase from the P163.18 million the company had in the same period last year. This is amid the robust third quarter performance of the firm’s subsidiary,...
Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, saw its income going up by 19.4 percent to P1.86 billion during the first nine months of the year, compared with P1.56 billion during the same period last year. Photo from Global Ferronickel Holdings, Inc....
Philex Mining Corporation, the country’s top gold producer, reported a 116 percent jump in core net income to P1.87 billion in the first nine months of 2021 despite the challenges posed by the Covid-19 pandemic. In a disclosure to the Philippine Stock Exchange, the firm attributed the surge in...
The proposed black sand mining in Lingayen Gulf, a large gulf framed by the provinces of Pangasinan and La Union, may affect the aesthetic quality of coastal areas in Pangasinan that could turn off tourists from going to the province. Lingayen Gulf (Photo from Flickr) In a briefing on Monday, Nov....
The Duterte Administration is poised to reverse its earlier ruling on keeping the ban on open-pit method of mining supposedly done to appease environmental groups. On Wednesday, Oct. 27, Business Bulletin secured a draft Department of Environment and Natural Resources (DENR) Administrative Order...
The country’s nickel output for this year will likely go down due to unexpected weather disturbances and some logistical issues, said a top official from the Philippine Nickel Industry Association (PNIA). During the launch of the PNIA’s first Sustainable Development Goals (SDG) report, PNIA...
The provincial government of La Union has stopped the quarry operations along Aringay River in Tubao for alleged violation of national laws and provincial ordinances. In a letter dated September 23, 2021, the provincial government asked a certain Edelberto C. Garcia "to cease and desist your...
DMCI Holdings Inc. has declared a special cash dividend amounting to P6.37 billion in special cash dividends following a record high cash dividend declared by subsidiary Semirara Mining and Power Corporation. In a disclosure to the Philippine Stock Exchange, the firm said the special cash dividend...
TVI Resource Development Philippines Inc. (TVIRD), the local affiliate of listed Canadian mining firm TVI Pacific Inc. (TVI), has commenced commercial operations of its gold-silver mine in Sitio Balabag, Zamboanga del Sur. In a statement, TVIRD Balabag Project Manager Jun Gingo said the company is...
