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...
Citing its importance for economic development, the Chamber of Commerce of the Philippine Islands (CCPI) has expressed full support for a Senate measure aimed at modernizing the country’s mining fiscal regime. Senate Bill (SB) No. 2826, or the “Enhanced Fiscal Regime for Large-Scale Metallic...
The Senate has approved on third and final reading the measure prohibiting the export of raw minerals in a bid to develop local industries, create higher-value goods, and generate more jobs in the country. Senate Bill No. 2826, if signed into law, will take effect after five years,...
DAVAO CITY – The Gov. Generoso Business Club Inc. has chided the municipal council of Gov. Generoso town, Davao Oriental province for passing an ordinance that will allow responsible mining operations in the area. FISHING boats dock on the coast of Barangay Montserrat, a known fishing...
Emerging nickel producer DMCI Mining Corporation, a member of the Consunji Group, is ramping up output and earnings as it triples the number of its operating mines to three this year, up from just one for most of 2024. In a disclosure to the Philippine Stock Exchange, the firm said it plans to...
BUTUAN CITY – Police arrested 12 individuals for allegedly conducting illegal mining operations near a cemetery in Manticao town, Misamis Oriental province on Friday night, Jan. 17. Police Regional Office 10-Regional Public Information Office chief Police Major Joann G. Navarro identified the...
