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DENR allows Philex to open for 4 months

philex-mining

The Department of Environment and Natural Resources (DENR) on Tuesday allowed Philex Mining Corp., the country’s biggest copper and gold producer, to resume its mining operations for remediation purposes.

Posted: February 27th, 2013 in Latest Business Stories | Read More »

CA junks environment case vs Subic coal-fired power plant project

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Court-of-Appeals-building-

The Court of Appeals has dismissed the writ of kalikasan case slapped against the planned 600-megawatt coal-fired power plant of Redondo Peninsula Energy Inc. (RP Energy), effectively allowing the power firm to finally push through with the $1.28-billion project.

Posted: February 7th, 2013 in Latest Business Stories | Read More »

DENR cites 10 ‘green’ companies

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The Mines and Geosciences Bureau says it will bid out 1,400 idle mining areas throughout the Philippines

Multinational firms Coca-Cola Bottlers Philippines, Nestle Philippines, Pilipinas Shell Petroleum and Holcim Philippines led 10 companies that were recognized Thursday as the country’s most earth-friendly in 2012.

Posted: November 30th, 2012 in Latest Business Stories | Read More »

Furious over MGB ‘red tape’: Surigao Norte islanders demand extension of firm’s mining permit

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Bundok Mineral Resources employees at work on Masapilid Island in Surigao del Norte.  PHOTO FROM LINDIANRESOURCES.COM.AU

About 1,000 islanders on Monday demonstrated outside the regional office of the Mines and Geosciences Bureau in Surigao City, voicing anger over what they claimed were bureaucratic red tape and anomalies that affect their mining jobs.

Posted: November 7th, 2012 in Latest Business Stories | Read More »

Special defects

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The confirmation of Ramon Paje, the boss at the Department of Environment and Natural Resources, who has already attained celebrity status because of the several “bypasses” by the bicameral Commission on Appointments, is generating more opposition.

Posted: November 5th, 2012 in Columnists,Featured Columns | Read More »

Philex gains more time for P1B fine defense

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philex mining logo-ra

The Philex Mining Corp. has obtained a week’s extension to comment on the P1.034-billion penalty imposed by government for the sediment breach at its Padcal mine tailings dam in Benguet province.

Posted: October 3rd, 2012 in Latest Business Stories | Read More »

Philex to contest DENR charges on Padcal tailings breach

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philex mining logo-ra

The Philex Mining Corp. said on Wednesday it would challenge the findings used by the Department of Environment and Natural Resources in imposing on the company hefty fines for the tailings dam breach at its Padcal mine site in Benguet province.

Posted: September 26th, 2012 in Latest Business Stories | Read More »

Philex hits back at DENR’s ‘trial by publicity’ on Padcal tailings leak

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philex mining logo-ra

Philex Mining Corp. assured the public on Wednesday that it would fully restore its tailings (mine sediments) storage facility before resuming operations.

Posted: September 19th, 2012 in Latest Business Stories | Read More »

Philex Mining’s fines may reach P1B due to successive tailings leak—DENR

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philex-mining

Gold-and-copper producer Philex Mining Corp. could face almost P1 billion in new fines for the sediment spills in its waste facility in Benguet province.

Posted: September 11th, 2012 in Latest Business Stories | Read More »

DENR chief confident Congress will pass bill on mining revenue sharing

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Philippine Environment Secretary Ramon Paje gestures while explaining the government's new policy governing the mining industry at the Malacañang Palace in Manila on Monday, July 9, 2012. Paje said he was confident that Congress would respond positively to a bill being proposed by the Aquino government for a just revenue sharing scheme in mining agreements.  AFP PHOTO/JAY DIRECTO

Environment Secretary Ramon Paje said on Monday that Congress would surely respond positively to a bill being proposed by the Aquino government for a just revenue sharing scheme in mining agreements because government has sufficiently conveyed the need for it.

Posted: July 9th, 2012 in Latest Business Stories | Read More »

Trading of Philippine gold with BSP falls 92% in Q1; smuggling blamed

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In this photo taken on September 20, 2011, gold nuggets are weighed in the Philippine gold rush site of Mount Diwata in the country's strife-torn south. Despite rising metal prices worldwide, the amount of gold traded in the country plunged by  92 percent in the first quarter of 2012, and the Department of Environment and Natural Resources blames smuggling for this.  AFP PHOTO / JAY DIRECTO

Despite rising metal prices worldwide, the amount of gold traded in the country plunged by an unbelievable 92 percent in the first quarter of the year, leaving the Department of Environment and Natural Resources (DENR) to wonder where the precious metal all went.

Posted: June 10th, 2012 in Latest Business Stories | Read More »

DENR ends talks on new mining policy, says questions can be raised with President

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The Department of Environment and Natural Resources (DENR) has closed the door on the consultations on the new mining policy being drafted, Environment Secretary Ramon Paje said, noting that those wanting to appeal some provisions should bring their case to President Aquino.

Posted: February 28th, 2012 in Latest Business Stories | Read More »

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