Diversified engineering conglomerate DMCI Holdings, Inc. reported that its profits shot up by 590 percent in the first quarter of the year to P4.3 billion from P616 million in the same period of 2020. In a disclosure to the Philippine Stock Exchange, the firm said this is because income drivers...
The consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) significantly climbed by 93-percent to P2.3 billion within first quarter this year versus P1.2 billion in the same period last year. On stream of revenues, that also surged by 27-percent for the company to P9.3...
Women are slowly but surely "taking over" the top-level positions in the local mining sector, and it's probably for the better. (Photo by Brooke Lark/ Unsplash) No less than Department of Environment and Natural Resources (DENR) Secretary Roy A. Cimatu acknowledged this development in a statement...
Consunji-led Semirara Mining and Power Corporation (SMPC) is pressing its ‘cost claims’ against its equipment supplier – American firm GE, on the extended shutdown of unit 2 of its 600-megawatt Sem-Calaca coal-fired power facility in Batangas. SMPC President Maria Cristina C. Gotianun said...
After suffering from major regulatory impediments for nearly a decade, it may take some time before the mining sector of the Philippines, one of the most highly mineralized countries in the world, to recover despite the government’s recent policy decisions that favor the industry. On Thursday,...
After enduring years of intense scrutiny under the Duterte administration, the mining sector is now at the receiving end of a series of surprisingly positive policy decisions and considerations. The government is now considering lifting the ban on open-pit mining method more than two...
After shepherding the enactment of new laws that would spur economic recovery, the Duterte administration lifted a nine-year moratorium on new mining projects with the recent issuance of Executive Order Number 130. EO No. 130 repealed Section 4 of EO No. 79 issued by then President Benigno Aquino...
Borongan Bishop Crispin Varquez said the lifting of the moratorium on new mining projects would further “exploit our already much-wounded land." BORONGAN CATHEDRAL/MB “New mining operations will only worsen our environmental crisis on top of this health pandemic,” CBCP News quoted Varquez'...
Despite EO 130 The mining sector will remain under scrutiny despite President Rodrigo Duterte's recent decision to lift the moratorium on new mining operations, a top government official said. As a start, Environment Secretary Roy Cimatu said the government is considering imposing more...
The mining sector lauded President Rodrigo Duterte’s latest move to issue Executive Order (EO) 130, lifting the moratorium on new mining projects under EO 79 of the Aquino Administration. Photo credit: https://www.facebook.com/ChamberOfMinesofthePhilippines In a statement, Chamber of Mines of the...
The Office of the President (OP) was urged to cancel the ‘stay order’ issued on mining companies with pending suspension and closure orders. This as such move will not do anything for the Philippine economy. “We demand that the Office of the President immediately cancels this ‘Stay...
The Philippine government has allowed the mining companies that were suspended and ordered closed by former Environment Secretary and late Regina Paz Lopez in 2017 to continue operating. Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano said on Tuesday that the government has decided to...
