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MGB asks gov’t for more funds

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The Mines and Geosciences Bureau of the Department of Environment and Natural Resources is asking for a budget of P1.24 billion for 2014, 24 percent higher than the approved P999 million for this year.

Posted: June 17th, 2013 in Headlines | Read More »

126 mining permit applications filed

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The government resumed acceptance of applications for new mining permits on Monday and had some 126 by afternoon, according to the Mines and Geosciences Bureau (MGB).

Posted: March 18th, 2013 in Headlines | Read More »

Philex vows to work with gov’t on Padcal

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A miner monitors quarrying operations at Philex Mining’s old open pit mine in Benguet. The P1-billion penalty paid by Philex Mining for the tailings spill that occurred at its Padcal mine site in August 2012 may have been “low,” according to Sen. Sergio Osmeña III. INQUIRER FILE PHOTO

Gold and copper producer Philex Mining Corp. promised to cooperate with the Mines and Geosciences Bureau of the Department of Environment and Natural Resources, which ordered the company to pay the P1.03-billion fine for tailings leak at its mining site in Benguet.

Posted: January 18th, 2013 in Latest Business Stories | Read More »

In search of rare metals, PH leaves no stone unturned

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Graphic illustrating the use of rare earth metals, 95 percent of which are supplied by China.  The Philippines is leaving no stone unturned in its quest for rare earth elements, a major component of electronic products. AFP

The Philippines is leaving no stone unturned in its quest for rare earth elements, or REE—a major component of electronic products.

Posted: January 2nd, 2013 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

MGB eyes bidding of Surigao mining asset

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Mines and Geosciences Bureau

MANILA, Philippines—A gold-rich area in Surigao del Norte may soon be up for bidding, according to the Mines and Geosciences Bureau (MGB). This, if the company formerly in charge of exploration loses its hold on the asset.   “The initial period for exploration is only 10 years. San Manuel Mining Corp. (SMMC), the company that [...]

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

Philippines cuts ’12 mining investment target

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The Philippines has lowered its mining investment target this year due to slow developments in key projects, government officials said in a briefing.

Posted: November 23rd, 2012 in Headlines | 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 »

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 »

‘Check geohazard maps before buying a house’

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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

Buying a lot to build a new house? Check out the government’s geohazard maps first to see if the property is located in a place prone to floods or landslides.

Posted: September 8th, 2012 in Latest Business Stories,Photos & Videos,Property Guide | Read More »

Leak at Philex tailings dam plugged, says MGB

philex-mining

Government teams supervised by Mines and Geosciences Bureau (MGB) Director Leo Jasareno confirmed that leaks from the waste containment dam of Philex Mining Corp. in Itogon, Benguet, had been stopped.

Posted: August 5th, 2012 in Latest Business Stories | Read More »

50,000 metric tons of iron ore seized in Camarines Norte—MGB

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Paracale, Camarines Norte

Government agents have seized a huge amount of magnetite sand (iron ore) that had been illegally mined by two companies in Camarines Norte before this was to be shipped to China.

Posted: June 21st, 2012 in Latest Business Stories | Read More »

Mine safety group aids Pantukan rescue work, seeks better laws

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The Philippine Mine Safety and Environment Association (PMSEA) has activated its Safety Networking Action Program (SNAP) to rescue victims and retrieval bodies after receiving reports on the landslide in Pantukan, Compostela Valley, from the Mines and Geosciences Bureau.

Posted: January 5th, 2012 in Latest Business Stories | Read More »

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