AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home Uncategorized

PH metal production up by 4.8%

AngMinero News by AngMinero News
March 14, 2024
in Uncategorized
27 1
0
PH nickel output hits a six-year low at 33 percent
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Metal production in the Philippines increased by 4.8% in 2023, driven by improved prices and higher output, according to data from the Mines and Geosciences Bureau (MGB).

In a report by Business World, the value of production saw an increase as it reached Php 249.05 billion, higher than Php 237.66 billion in 2022, with gold accounting for nearly half of the total production value at Php 106.64 billion, marking a 17% increase from the previous year.

Nickel ore also saw a 7% increase in value to Php 65.84 billion, contributing to Php 113.37 billion for nickel-related products, which accounted for 45.52% of the total production value.

Meanwhile, the production of silver had receded by 18% to 46,160 kilograms, amounting to Php 1.86 billion in 2023.

Production of copper increased by 3% to 266,532 dry metric tons (DMT). Iron ore production also increased by 3%, up by 78,213 DMT.

Not only did the production of chromite increase by 17% annually to 101,960 DMT, but nickel direct shipping ore also increased by 19% to 35.14 million DMT.

Additionally, the bureau stated that geopolitical conflicts, cuts in production, rising fuel prices, and weather conditions influenced supplies.

Moreover, the MGB shared that new mining players had entered the industry, namely ARC Nickel Resources and Hallmark Mining Corporation situated in Davao Oriental, Gran Consolidated Mining, Inc. situated in Davao de Oro, and Kafugan Mining, Inc. in Surigao del Sur.

Tags: increasemetal productionMGBmines and geosciences bureau

Related Posts

SMPC Champions Community Wellness with Medical Missions and Farming Support
Uncategorized

SMPC Champions Community Wellness with Medical Missions and Farming Support

March 20, 2025
PH gov’t stands firm on open-pit mining ban in 26 locations
Uncategorized

Court of Appeals dismiss Writ of Kalikasan against Palawan mining companies

December 9, 2024
Philex 2021 core net income soars 118% to Php2.53B
Uncategorized

Philex Mining reports PHP105M core net income for Q1 2024

April 26, 2024
Hontiveros eyes probe in mining, quarrying effects
Uncategorized

Hontiveros eyes probe in mining, quarrying effects

April 16, 2024
PH eyes three more nickel processing plants
Uncategorized

Abra Mining stockholders push for probe on illegal trading

March 4, 2024
Mining industry stands firm despite government regulations
Uncategorized

Mining industry backs relaxed foreign ownership restrictions

March 4, 2024

FEATURED POST

OceanaGold Bets on Underground Expansion Amid Rising Metal Prices

OceanaGold Bets on Underground Expansion Amid Rising Metal Prices

May 8, 2025
Nickel Asia Honors Student Researchers in Inaugural NAC Innovators Awards

Nickel Asia Honors Student Researchers in Inaugural NAC Innovators Awards

May 8, 2025

Semirara Eyes 2026 Production at Acacia Mine as It Expands Energy, Sustainability Push

May 5, 2025
SMPC Maintains Export Strength Amid Domestic Coal Slowdown in Q1 2025

SMPC Maintains Export Strength Amid Domestic Coal Slowdown in Q1 2025

May 2, 2025

EDITOR PICK'S

OceanaGold Bets on Underground Expansion Amid Rising Metal Prices

May 8, 2025

Nickel Asia Honors Student Researchers in Inaugural NAC Innovators Awards

May 8, 2025

Semirara Eyes 2026 Production at Acacia Mine as It Expands Energy, Sustainability Push

May 5, 2025

SMPC Maintains Export Strength Amid Domestic Coal Slowdown in Q1 2025

May 2, 2025

PGMC Launches First 2025 Nickel Shipment to Indonesia, Signaling Broader Export Strategy

May 2, 2025

Philippines Explores Swedish Model for Environmentally Sustainable Mining

April 30, 2025

Atlas Mining Posts Php 404-Million Loss in Q1 2025 Amid Mine Redevelopment

April 29, 2025

Recent News

OceanaGold Bets on Underground Expansion Amid Rising Metal Prices

OceanaGold Bets on Underground Expansion Amid Rising Metal Prices

May 8, 2025
Nickel Asia Honors Student Researchers in Inaugural NAC Innovators Awards

Nickel Asia Honors Student Researchers in Inaugural NAC Innovators Awards

May 8, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In