Publicly listed Benguet Corp. is infusing as much as P210 million into its wholly owned subsidiary Benguet Management Corp. (BMC), in line with efforts to turn the unit into a mining logistics and services provider.
Benguet Corp. has commended the members of the team that rescued Felipe Plimaco, an independent small-scale miner who was trapped for a week in a collapsed mining tunnel in Benguet province.
Benguet Corp. expects to generate more income in the second quarter of 2012 as investments in nickel mining projects in the first quarter start paying off, according to CFO Renato Claravall.
Benguet Corp. is studying options for a year-round nickel processing and shipping to get more value out of its products, according to a company official.
Benguet Corp. expects to end this year with a net income of about P1 billion on the back of higher metal production.
Mining firm Benguet Corp. posted a net profit of P1.385 billion last year, as rising metal prices boosted core operations while one-time gains added to the bottomline, which has been positive for the second straight year.
Benguet Corp. said Tuesday it was taking out a loan to finance its general working capital.
Publicly listed Benguet Corp. disclosed Thursday that it expects to end 2011 in the black.
Benguet Corp. posted a consolidated net income of P1.176 billion in the nine months ending Sept. 30, 2011, marking a turnaround from a net loss of P58.3 million a year ago.
Publicly listed mining company Benguet Corp. is set to secure financing for its Balatoc gold tailings project in Benguet province by the end of this month, according to a senior company official. The country’s oldest miner may get P450 million to finance the project, which is expected to cost about P700 million. Benguet Corp. is [...]
Benguet Corp. said Wednesday that it plans to implement within the year a quasi-reorganization and equity restructuring. The company will use the revaluation increments in its landholdings and capital surplus to wipe out its negative retained earnings. This will significantly improve its balance sheet by reversing the deficit and showing substantial positive retained earnings balance [...]
Benguet Corp. is planning an aggressive nickel and gold expansion program now that it has paid most of its debts from the sale of its rights to the Kingking copper-gold project in Compostela Valley. Benguet chief finance officer Renato A. Claravall said in an interview that the company was working on three programs: turning mine [...]
