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Reforms to Mining Act opposed

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The joint foreign chambers and local business groups have pressed the government anew to respect the Philippine Mining Act as proposed reforms to the law threaten to make the sector even more unattractive to foreign investors.

Posted: September 11th, 2014 in Editor's Pick,Headlines | Read More »

Biz Buzz: Out with the new, in with the old

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The question on who will control Philippine Airlines (PAL) was finally settled but many more remain, such as whether reforms under San Miguel Corp. will continue and even how employees feel about the “new-old” management coming onboard.

Posted: September 10th, 2014 in Columnists,Inquirer Columns | Read More »

Philex gets government nod to resume Padcal operations

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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

The Mines and Geosciences Bureau has allowed Philex Mining Corp. to finally resume its operations at the Padcal mine in Benguet, roughly two years after the company was slapped with a cease and desist order.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

Piece of mines

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This particularly immaculate ecotourism zone, the Caramoan peninsula in Camarines Sur in Bicol, with its magnificent islands just off the coast, has one feature no other sites can claim: It boasts of unbridled destruction from small-scale mining and quarrying activities.   In the past 10 years or so, Caramoan rose to international fame when its [...]

Posted: July 3rd, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

3 mining firms not Filipino-owned, SC rules

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The Supreme Court on Tuesday stopped the Bureau of Internal Revenue, the Department of Finance and the Securities and Exchange Commission from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.  INQUIRER FILE PHOTO

The Supreme Court (SC) has upheld the disqualification of three mining firms from exploration and extraction activities in the country because they were not Filipino corporations.

Posted: June 30th, 2014 in Latest Business Stories | Read More »

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