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Gov’t urged to amend Small Scale Mining Act

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A pro-business think tank involved in environmental issues on Tuesday called for revisions to the law governing small-scale mining, saying that better regulation would help the industry develop.

Posted: March 26th, 2014 in Headlines | Read More »

DMCI takes over UK mining firm

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Consunji-led DMCI Holdings is taking full control of UK-listed mining holding firm ENK Plc., which is focused on developing its Acoje nickel mining project in the Philippines.

Posted: March 26th, 2014 in Headlines | Read More »

Mine revenue scheme seen out by May

This photo taken on March 26, 2006 shows workers walking through a mine tunnel in Itogon north of Manila.  AFP FILE PHOTO

The proposed new revenue sharing scheme for the mining sector may finally be ready for submission to lawmakers when Congress resumes session in May, Trade Secretary Gregory L. Domingo said Tuesday.

Posted: March 20th, 2014 in Latest Business Stories | Read More »

Atlas Mining profit hits P1.9B

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Atlas Mining logo

Atlas Consolidated Mining and Development Corp. posted a 45-percent drop in its net income last year to P1.9 billion. The decline was due mainly to the recognition of an unrealized foreign exchange loss of P1.02 billion on dollar-denominated debts.

Posted: March 6th, 2014 in Latest Business Stories | Read More »

TVIRD ships out final zinc output from PH

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Mining firm TVI Resource Development Philippines Inc. (TVIRD) managed to send out the seventh and final cargo of zinc concentrate from the Canatuan mine in Zamboanga del Norte, which the company has decommissioned.

Posted: January 24th, 2014 in Headlines | Read More »

Breaktime: Power behind the flown

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Amid the current mess in the power industry, caused by the big increase in electricity rates charged by Meralco, an industry player has been praised by the Department of Energy.

Posted: January 23rd, 2014 in Columnists,Inquirer Columns | Read More »

Top Frontier mulls to invest in mineral processing, eyes IPO

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Screen grab from topfrontier.com.ph

Top Frontier Investment Holdings Inc., San Miguel Corp.’s controlling stockholder, plans to invest in mineral processing and conduct an initial public offering (IPO) once market conditions turn favorable, possibly within this year.

Posted: January 13th, 2014 in Latest Business Stories | Read More »

Philex restores crucial facility at Padcal mine

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Philex Mining Corp. has restored Tailings Storage Facility No. 3 (TSF3) at the Padcal mine to a level of stability where the company may be able to sustain “continued operations.”

Posted: November 28th, 2013 in Headlines | Read More »

Atlas Mining arrests steep decline in net income

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FILE PHOTO

Atlas Consolidated Mining and Development Corp.’s net income in the first nine months of the year continued to drop, but not as much as that of the preceding quarter.

Posted: November 15th, 2013 in Latest Business Stories | Read More »

Gov’t mining take dips 18%

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The government’s take on mining in terms of royalties fell by 18.4 percent year on year in the first semester to P577.55 million, according to the Mines and Geosciences Bureau (MGB).

Posted: September 27th, 2013 in Headlines | Read More »

Philex preps P13.8B stock rights offer

ON AUG. 1 last year, Tailings Storage Facility No. 3 of Philex Mining Corp. in Itogon, Benguet, leaked and spilled 20 million metric tons of silt into the Balog Creek and Agno River. As of late April, Philex officials said cleanup in the creek was 98-percent complete. RICHARD BALONGLONG

Philex Mining Corp. is offering P13.8 billion worth of shares in a stock rights offering to fund mining projects and pay loans.

Posted: September 13th, 2013 in Latest Business Stories | Read More »

Intex budgets $2.8B for Mindoro nickel project

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Intex Resources ASA of Norway has committed to invest $2.8 billion in the development of its flagship Mindoro nickel project.

Posted: September 13th, 2013 in Headlines | Read More »

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