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‘Mine’ expectations in PH not panning out?

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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

When the Spanish first landed on the islands of what was to become the Philippines, they were awed by the prevalence of gold ornaments among its inhabitants. Spanish explorers described in their journals the bountiful jewelry they saw, as well as the skill of the natives in intricate metal work.

Posted: March 3rd, 2014 in Latest Business Stories | Read More »

Metal output in H1 pegged at P45.9B

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The shrinkage in first-semester domestic metal output slowed to 7.9 percent year-on-year to settle at P45.9 billion amid continually depressed prices, according to the Mines and Geosciences Bureau.

Posted: October 21st, 2013 in Headlines | Read More »

Mine revenue sharing plan opposed

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The Mines and Geosciences Bureau (MGB) is at loggerheads with the Board of Investments (BOI) over the proposed revenue-sharing scheme for the mining industry.

Posted: September 3rd, 2013 in Headlines | Read More »

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 .  AFP FILE PHOTO

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 »

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