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Gov’t engages miners on proposed revenue sharing scheme

The Mining Industry Coordinating Council (MICC) has reached out to the Chamber of Mines of the Philippines and other foreign chambers as it hopes to work out the issue raised by the local and foreign business community over the proposed mining revenue-sharing scheme. Mines and Geosciences Bureau director Leo L. Jasareno however admitted that there would be [...]

Posted: August 25th, 2014 in Headlines | Read More »

Mined metals’ value in Q1 rose by 17%

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The value of metallic minerals produced by Philippine mines jumped by 17 percent year-on-year to about P22 billion in the first quarter, according to the Mines and Geosciences Bureau.

Posted: August 13th, 2014 in Headlines | Read More »

PH beats mining investments target

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Philippine mining investments grew faster than expected in 2013 despite the absence of new commitments as investors continued spending for existing ones.

Posted: April 28th, 2014 in Editor's Pick,Headlines | Read More »

Mining firm disputes MGB suspension order

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Nickel mining firm Marcventures Holdings Inc. has protested a mining suspension order issued by the Mines and Geosciences Bureau (MGB) in the Carrascal portion of its contract area in Surigao del Sur, claiming that the government agency had acted “arbitrarily and without legal basis.”

Posted: April 28th, 2014 in Headlines | Read More »

‘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 »

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