News
OceanaGold allocates USD 7M to expand Didipio and fund untapped reserves
OceanaGold Philippines intends to allocate almost $7 million for its exploration program, to expand the Didipio gold-copper mine as well...
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Senate forms subcommittee, to review DoF mining fiscal regime proposal
The Philippine Senate has established a ways and means subcommittee to address proposals aimed at simplifying and revising the fiscal...
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DOF advocates for increased royalties, income-based taxes
The Department of Finance (DOF) is advocating for increased income-based taxes and royalties from mining firms, higher than the proposed...
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Semirara Mining leading fraction DMCI Holdings profit
Semirara Mining and Power Corporation (SMPC), a subsidiary of DMCI Holdings Inc., contributed a primary chunk of profits to the...
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Atlas Mining Reports P1.1B net income for 2023
Atlas Consolidated Mining and Development Corporation recorded a consolidated Net Income After Tax (NIAT) of Php 1.1 billion in 2023,...
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Philex posts lower output, profit in 2023
Philex Mining Corp. posted a drop in its 2023 core net income caused by lower output and increased operating costs...
Read morePhilex raises $170M funding for Silangan project development
Silangan Mindanao Mining Co. Inc., a subsidiary of Philex Mining Corporation, is raising around US$170 million funding requirements as it...
Read moreOceanaGold to utilize P2.5B capex for Didipio project this year
OceanaGold Philippines is utilizing almost Php 2.5 billion to Php 3 billion in capital expenditures (capex) for the Didipio copper-gold...
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PNP Chief orders stronger efforts vs. illegal mining, logging operations
Philippine National Police (PNP) Chief Gen. Benjamin Acorda, Jr. has ordered PNP regional units to strengthen efforts to combat illegal...
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NAC foregoes mining plans in Davao
Nickel Asia Corp. (NCA), the Philippines’ largest nickel ore producer, has decided to forego its mining endeavors in Davao Oriental....
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