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...
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...
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,...
Abra Mining stockholders push for probe on illegal trading
The Abra Mining and Industrial Corporation (AR) stockholders are calling the attention of Congress to investigate the alleged inaction of...
Mining industry backs relaxed foreign ownership restrictions
The mining industry has expressed its support for the easing of foreign ownership restrictions under the 1987 constitution to help attract...
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...
Philex 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...
OceanaGold 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...
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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