Philex Chairman Manuel V. Pangilinan Philex Mining Corp. is negotiating with a potential foreign investor that may take a minority stake in its wholly owned subsidiary, Silangan Mindanao Mining Co. Inc. In an interview, Philex Chairman Manuel V. Pangilinan said the investor will come in...
DMCI Holdings Executive Vice President and Chief Finance Officer Herbert Consunji Consunji-led DMCI Holdings Inc. is allotting about ₱70 billion for capital expenditures (capex) this year—including investments of affiliate Maynilad Water Services Inc., making its budget 45 percent more...
Apex Mining Co. Inc. reported a 28 percent growth in consolidated net income to ₱4.3 billion last year from the ₱3.4 billion earned in 2023 due to higher gold output and prices as well as a more favorable exchange rate. In a disclosure to the Philippine Stock Exchange, the firm said...
The Philippine Nickel Industry Association (PNIA) has strongly opposed a local ordinance imposing a 50-year moratorium on new mining operations in Palawan, citing its economic impact and conflict with national law. The Sangguniang Panlalawigan ng Palawan on Wednesday, March 5, approved the...
Senate President Francis “Chiz” Escudero on Thursday, March 6 welcomed the announcement of a joint venture between Nickel Asia Corporation and DMCI Mining Corporation to develop a nickel processing plant in the country. He called the partnership a “monumental stride” in adding...
Nickel Asia President and CEO Martin Antonio G. Zamora and DMCI Mining President Tulsi Das C. Reyes The Consunji Group’s DMCI Mining Corporation, an emerging nickel producer, and Zamora-led Nickel Asia Corporation have teamed up to explore the feasibility of developing and operating a...
Senate President Francis “Chiz” Escudero on Monday, March 3 grilled officials of the Department of Environment and Natural Resources (DENR) to explain why there are substantial number of inactive, non-operational, invalid or unused exploration permits (EPs) and mineral production sharing...
Consunji-led Semirara Mining and Power Corporation (SMPC) reported a drop in its net income in 2024 due to weaker selling prices. In a disclosure to the Philippine Stock Exchange on Monday, March 3, SMPC said its net income decreased by 30 percent to ₱19.6 billion last year from ₱27.9 billion...
DAVAO CITY – A petition for bail filed by the counsels of three accused, including the mastermind, in the killing of former Philsaga Mining Corp. president retired Col. Samuel Afdal four years ago in Surigao del Sur province was denied by the Quezon City Regional Trial Court (RTC) Branch 85. THE...
Despite higher gold and copper prices, Pangilinan-led Philex Mining Corporation reported a 20 percent drop in net income to ₱810 million last year from ₱1.02 billion in 2023 due to higher costs and lower output from the nearly depleted Padcal mine. In a disclosure to the Philippine Stock...
Maharlika Investment Corporation (MIC), which manages the Philippines’ sovereign wealth fund, is set to provide a bridge loan facility worth $76.4 million to Makilala Mining Co. Inc. (MMCI), the Philippine affiliate of Australia-based Celsius Resources Ltd. In a disclosure to the Australian...
The Philippine Nickel Industry Association (PNIA) has expressed its opposition to the proposed ban on exporting raw nickel ore, which is embodied under a Senate bill aiming to modernize the country’s mining fiscal regime. PNIA, the country’s largest group of nickel mining companies, said the...
