Improved world metal prices helped listed firm Atlas Consolidated Mining and Development Corporation (Atlas Mining) to recover and book a net income of P118 million in 2020, coming from a net loss of P565 million in 2019. Atlas Mining told the local bourse that such a recovery is attributed...
Consunji-led Semirara Mining and Power Corporation (SMPC) will funnel P4.0 billion capital expenditures (capex) for its businesses this year, primarily for the purchase of mining and support equipment for its coal mining venture. In a statement to the media, the company emphasized that P2.9 billion...
Thanks to higher ore export prices, listed mining firm Nickel Asia Corporation has booked a surge in its income last year despite the COVID-19 lockdown restrictions. In a regulatory filing, Nickel Asia informed the Philippine Stock Exchange (PSE) that it reported an attributable net income (net of...
The Securities and Exchange Commission (SEC), The Philippine Stock Exchange, Inc. (PSE) and Philippine Depository & Trust Corp. (PDTC) are working closely together to investigate the trading of unissued and unlisted shares of Abra Mining and Industrial Corporation (AR). In a joint statement,...
Mining operations within the Marikina River Basin should not be blamed for the massive flooding that engulfed some parts of Marikina and Rizal province during the onslaught of Typhoon Ulysses, the deadliest and most destructive typhoon to hit the country in 2020. This was indicated in the recent...
The Philippines’ nickel output declined in 2020 amid the COVID-19 pandemic, but thanks to higher global prices, its full-year export value went up to P25 billion. Citing data from Mines and Geosciences Bureau (MGB), Philippine Nickel Industry Association (PNIA) revealed that the country’s...
Despite environmental concerns, JDVC Resources Corporation, a subsidiary of publicly listed company Apollo Global Capital (APL), is eager to push for the start of the commercial operation of its large-scale offshore mining in Cagayan next month. In a statement, Jun Herrera, JDVC and APL...
Listed Apex Mining Co., Inc. (AMCI) is yet to operate its Maco Mine in Davao de Oro at full capacity after more than 20 percent of its workers in the area contracted COVID-19 in December last year. Based on its report to Mines and Geosciences Bureau (MGB), AMCI said that its mine and mill...
Carmen Copper Corporation (CCC), an operating mine of Atlas Consolidated Mining Development Corporation (ACMDC) based in Toledo City, Cebu, confirmed that around that a slide happened at its Carmen Pit in the afternoon of December 21, 2020. In a statement, CCC said the slide at its mine operations...
Despite the COVID-19 pandemic, the Philippine government is still determined to award the country’s best mining companies. A Mines and Geosciences Bureau (MGB) memorandum showed that the agency, tasked to regulate and develop the country’s mining sector, has already started the nomination...
The Philippines’ first large-scale offshore mining operation is set to start in January next year, involving the extraction of thousands of metric tons of magnetite iron reserves in the seabed off Cagayan. JDVC Resources...
With higher exports and few layoffs, the country's mining sector has remained largely unaffected by the COVID-19 pandemic, a mining official said. In a webinar hosted by Arangkada Philippines, Chamber of Mines of the Philippines (COMP) Chairman Gerard Brimo said on Wednesday that the mining sector...
