Listed firm Manila Mining Corporation (MMC), an affiliate of Lepanto Consolidated Mining Company, will resume exploration drilling at its mining tenements in Placer, Surigao del Norte, a move that will be funded by planned stock rights offering that targets to raise P519 million. This, according to...
DMCI Mining reported that its net income soared 409 percent to P1.2 billion in the first half of 2021 from P241 million in the same period last year due to record shipments and higher nickel prices. In a statement, DMCI Mining said its revenues in the first half grew 123 percent to P2.7 billion in...
More than 200 individuals passed the August 2021 Mining Engineer Licensure Examination. PRC/MB On Monday, August 16, the Professional Regulation Commission (PRC) announced that 206 out of 274 passed the said examination given by the Board of Mining Engineering in Baguio, Cebu, Cotabato and Legazpi....
Thanks to higher shipments, Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, saw its income surging to P640.8 million during the first half of the year, compared to the P195.8 million it had in the same period last year. As for revenues, the company saw a...
The Department of Environment and Natural Resources (DENR) opted to keep the nationwide ban on open-pit mines amid the clamor of environmental groups. This was after the government agency attempted to insert a provision in the implementing rules and regulations (IRR) of Executive Order 130 that...
The implementing rules and regulations (IRR) of Executive Order (EO) 130 – which lifted the moratorium on new mining projects and the nationwide ban on open-pit mining method – has already been signed by Environment and Natural Resources Secretary Roy Cimatu. mining In a text message, Mines and...
Joint operatives from the Bureau of Immigration (BI) and National Bureau of Investigation (NBI) have arrested a South Korean national wanted in his own country for large scale fraud. (Photo from BI Facebook page) BI Commissioner Jaime Morente said 61-year-old Lee Sanghun was apprehended based on...
Alyansa Tigil Mina (ATM) has denounced the renewal of the Financial or Technical Assistance Agreement (FTAA) of Australian-Canadian miner OceanaGold Corporation (OceanaGold) amid environmental concerns. In a statement, ATM "strongly denounced" the decision of President Rodrigo Duterte to renew the...
Two years after its Financial or Technical Assistance Agreement (FTAA) with the Philippine government expired, Australian-Canadian miner OceanaGold Corporation (OceanaGold) is now allowed to resume the operations of its gold-copper mining project in the country until 2044. This is on condition...
The government has declared two Minahang Bayan (MB) areas in Cordillera Administrative Region (CAR) covering a combined mining area of 50 hectares. In two separate announcements, Mines and Geosciences Bureau (MGB) in CAR said that the Provincial Mining and Regulatory Board of Abra (PMRB-Abra)...
The nickel industry in the Philippines, one of the most highly mineralized countries in the world, will keep its growth momentum this year despite the prevalence of the COVID-19 pandemic. In a statement, the Philippine Nickel Industry Association (PNIA) said it is optimistic that the nickel...
The subsidiary of Global Ferronickel Holdings, Inc. (FNI), the third-largest nickel ore producer in the Philippines , has scored a win against Mayor Jean Feliciano of Brooke’s Point, Palawan after years of legal battle. In a decision, the Office of the Ombudsman has found Feliciano guilty of...
