By JAMES A. LOYOLA The Consunji Group has begun unlocking synergies with its newly acquired Cemex Holdings Philippines Inc. (CHP), starting with an electricity supply agreement for APO Cement Corporation (APO) in Cebu. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, July 15, CHP...
DAVAO CITY – Police apprehended in Kibawe, Bukidnon on Monday the businessman accused of organizing the murder of former Philsaga Mining Corp. president retired Col. Samuel Afdal three years ago. The Bunawan Municipal Police Station in Agusan del Sur identified the suspect as Ryan Marky Baylon,...
BUTUAN CITY – More than 1,000 residents have benefited from the recent service caravan and medical mission conducted by a mining firm in Rosario, Agusan del Sur. “This initiative aimed to provide vital healthcare services and assistance to residents and highlanders especially those in...
The Philippines has rich mineral resources with a combined value of up to $1 trillion, which could be a unique opportunity for the country to become a global leader in sustainable mining once properly managed, foreign mining experts said. And these mineral reserves, based on the discussion in a...
The Philippine Statistics Authority (PSA) reported that the value of the country's mineral reserves increased last year. From January to December 2023, the combined value of Class A gold, copper, nickel, and chromite reserves rose two percent to P474 billion from the previous year's P464.51...
The government is seeking to maximize the country’s abundant mineral resources to utilize its potential for more high-quality job opportunities, the National Economic and Development Authority (NEDA) said on Friday, May 10. Speaking at a forum on the Philippine mining industry, NEDA Secretary...
Aboitiz Power Corp. (AboitizPower), together with its retail electricity customer, Philex Mining Corp., provided much-needed vitamins and over-the-counter medicines for the people of Barangay Ansagan in Tuba, Benguet. AboitizPower recently donated medicines to Barangay Ansagan in Tuba,...
As coal prices in the world market cooled, the net income of Semirara Mining and Power Corporation (SMPC) dropped 28% to P6.5 billion within first quarter this 2024 from a relatively robust P9.0 billion earnings in the same three-month period last year. “Global coal indices declined due to weak...
The Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Abra Mining & Industrial Corporation (AR), its directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of shares. In a complaint-affidavit filed...
Diversified engineering conglomerate DMCI Holdings, Inc. aims to return to profitability by 2025 Cemex Holdings Philippines (CHP), its largest investment to date and its first acquisition in a decade, through synergies within the group. CHP, the Philippines' fourth-largest cement...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 73 percent fall in core net income to P105 million in the first quarter of 2024 from the P388 million earned in the same period last year due to lower output. In a disclosure to the...
The Consunji Group has sealed the deal to acquire a controlling 89.86 percent of Cemex Holdings Philippines Inc. (CHP), the fourth largest cement manufacturer in the country, for $305.6 million in cash after weeks of stock market speculation. In a disclosure posted by the Philippine Stock Exchange...
