Semirara Mining Corp., the country’s biggest coal producer, posted a 42-percent decline in its net income after tax to P1.01 billion in the first quarter in 2013 from P1.73 billion in the same period last year.
The consolidated core income of Philex Mining Corp. dropped by 90 percent to P132 million in March because of a reduction in the operations of its Padcal copper-gold mine in Benguet.
Atlas Consolidated Mining & Development Corp. reported a 139 percent surge in its net income for the first quarter of 2013 as reduced costs offset the negative impact of the slight decline in copper prices on the company’s bottom line.
The Philippines will try to revive next month preparations with China for the joint development of rare earth elements (REEs) in the Philippines, according to the Mines and Geosciences Bureau (MGB).
Coal mining firm Coal Asia Holdings Inc. has secured a third-party validation that the group’s coal deposits in Davao Oriental were economically and technically viable to extract.
The P1-billion penalty paid by Philex Mining Corp. for the tailings spill that occurred at its Padcal mine site in August 2012 may have been “low,” according to Sen. Sergio Osmeña III.
The government is reopening its doors to mining applications, according to the Mines and Geosciences Bureau (MGB).
The flagship development at the Entertainment City complex of Philippine Amusement and Gaming Corp. is set to open on Saturday with all the glitz and glamor tycoon Enrique Razon Jr. is known for.
Philex Mining Corp. disclosed Tuesday that it would raise P12.3 billion from a stock rights offering to repay loans and fund mining activities.
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.
MANILA, Philippines—Atlas Consolidated Mining and Development Corp. posted a double-digit growth in its core income in 2012 following the “substantial increase” in its subsidiary’s copper production. Atlas, a diversified mining conglomerate, ended the year with a 46-percent increase in consolidated core income to P2.54 billion last year from P1.66 billion in 2011, the company [...]
For an official of Sagittarius Mines Inc. (SMI), proof of the “environmental soundness” of the company’s Tampakan gold and copper project in South Cotabato came in the form of an environmental compliance certificate (ECC) from the Department of Environment and Natural Resources.
