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...
DMCI-led Semirara Mining and Power Corporation (SMPC) is forecasting nearly P7 billion in capital expenditures (capex) for 2025, with the majority allocated for coal development. In a briefing, SMPC announced an anticipated P6.9 billion group capex. Approximately 84 percent of this amount (P5.8...
Energy firm Semirara Mining and Power Corporation (SMPC) announced a new record for coal shipments in 2024, driven by stronger demand from China and domestic markets. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Jan.14, SMPC reported reaching 16.5 million metric tons (MT) of...
United Paragon Mining Corporation (UPM), an idle gold mining firm controlled by the Ramos family, hopes to resolve its negative equity position by March this year as it continues to negotiate with creditors to reduce debt by conversion to equity. “We are pleased to inform you that we are actively...
Zamora-led Nickel Asia Corporation (NAC) is planning to divest its stake in Coral Bay Nickel Corporation (CBNC), one of the world’s largest producers of nickel and cobalt, in favor of strategic partner Sumitomo Metal Mining Co., Ltd (SMM). In a disclosure to the Philippine Stock Exchange (PSE),...
The Consunji Group’s DMCI Holdings Inc. may be shelving its plan to develop a new cement manufacturing plant on Semirara Island that would have utilized by-products from the coal mining operations of Semirara Mining and Power Corporation (SMPC). In an interview, DMCI Chief Finance Officer Herbert...
Pangilinan-led Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported that it will extend the life of its Padcal Mine by one year. "Padcal Mine has been in operation for more than six decades and still has remaining ore resources that can be...
The Consunji Group, through DMCI Holdings Inc., Semirara Mining and Power Corporation, and Dacon Corporation, has completed the acquisition of Cemex Asian South East Corporation (CASEC) for $272 million—lower than the earlier announced $305.6 million. In a disclosure to the Philippine Stock...
