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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 »

Marcventures expects net profit to reach P1B in ’14

SCREENGRAB from www.marcventuresholdings.com

Nickel mining firm Marcventures Holdings Inc. expects to end this year with about P1 billion in net profit, matching last year’s level, as its Cantilan mine in Surigao del Sur rekindled operations after a two-month suspension.

Posted: August 22nd, 2014 in Headlines,Latest Business Stories | 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 »

Trade blocs press Aquino for vital reforms

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Benigno Aquino III

The Philippine Business Groups and the Joint Foreign Chambers (PBG-JFC) have urged President Aquino to carry out the much-needed and long overdue reform agenda as he nears the homestretch of his term.

Posted: July 31st, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Miners dismayed by proposed tax hike

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The Chamber of Mines of the Philippines (COMP) has expressed dismay over that the Mining Industry Coordinating Council (MICC) is going ahead with proposed tax hikes “without taking into consideration comments and observations by authoritative third parties.”

Posted: July 8th, 2014 in Headlines | Read More »

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