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Cloud over mining taxes holding back nickel jobs creation, legislator says

THE uncertainty over how the mining industry is taxed must be removed in order to unleash the nickel sector’s potential for creating jobs, including in industries that depend on the metal like renewable energy and electric vehicles, a senior legislator said.

Open-pit ban, mining permit freeze seen holding back industry’s GDP contribution

MINING INVESTMENT has been hindered by inappropriate policy, including the freeze on new mineral production sharing agreements and the current ban on open-pit mining, preventing the industry from contributing to the economy, the head of the mining industry association said.

Megaprojects flagged as Trojan horse to develop remaining rainforests

KUALA LUMPUR — A rise in huge, opaque infrastructure and mining projects threatens to destroy and open up the world’s last remaining rainforests to development, researchers warned on Thursday.

New coral species discovered on seabed prized for mining potential

JOHANNESBURG — Three species of black coral have been discovered on the seabed of the northern Pacific Ocean, an area where several countries have...

Privatization of government mining assets ‘long overdue’

THE GOVERNMENT’S plan to privatize some of its mining assets is long overdue, and will provide a huge boost to the mining industry amid the pandemic, the Chamber of Mines of the Philippines (COMP) said.

Revival of mining industry pushed

THE Finance department is looking to revive the mining industry through the sale of state mining assets and the passage of a long-awaited tax measure, in order to create jobs and generate revenues amid the economic slowdown.

Consunji’s Semirara defers P3.7-B capex

Consunji-led Semirara Mining and Power Corp. is deferring capital expenditure (capex) projects worth P3.7 billion to next year as part of its strategy to...

Mining firms urged to collaborate with DOST on research and development

MINING companies are encouraged to work with the Department of Science and Technology (DOST) to come up with new innovations to help the local mining industry grow and be more competitive.

PHL nickel miners seen to get a boost from Indonesia export...

NICKEL ore producers in the Philippines are expected to get a boost, after Indonesia announced that it will suspend nickel ore exports for the rest of the year.

PHL nickel miners hopeful of better ore prices

NICKEL miners in the country may expect improved prices for ore in the near term as Indonesia sets an exporting ban for the mineral next year.

MGB recommends lifting suspension of 2 mines

THE suspension of mining operations of two companies may soon be lifted, according to an official of the Department of Environment and Natural Resources (DENR).

DILG told to crack down on LGUs that allow building in...

THE Finance department has asked the Department of the Interior and Local Government (DILG) to crack down on towns and provinces that fail to keep residents from building homes in mining and quarrying areas.

Policy uncertainty offsets mineral potential to weigh on Philippines’ attractiveness to...

THE PHILIPPINES has continued to languish near the bottom of an annual survey of mining jurisdictions by Canada-based think-tank Fraser Institute as a negative policy environment is about to mark its seventh year, although Fitch Solutions said in a separate note that it expects an easing of industry restrictions to lead to a slight recovery of nickel — of which the country is a leading global source — starting this year.

DENR, MICC push for lifting of MPSA applications

THE Department of Environment and Natural Resources (DENR) and the Mining Industry Coordinating Council (MICC) are lobbying for the lifting of the moratorium on applications for mineral production sharing agreement (MPSA), which can only be possible with a new fiscal regime, according to an official.

Itogon mining decision up to provincial panel, DENR says

THE DEPARTMENT of Environment and Natural Resources (DENR) has given the Benguet Provincial Mining Regulatory Board the authority to decide whether mine tunnels, stockpiled mineral ores, and mineral processing plants in Itogon will be reopened.

Semirara Mining on track to finish Panian pit rehab in 2019

Semirara Mining and Power Corp. (SMPC) said it remains on track to finish rehabilitating the southern part of Panian pit in Antique by June...

Premiere Horizon Alliance takes over two limestone mining firms

Premiere Horizon Alliance Corp. (PHA) is taking over two mining companies, marking its entry into limestone exploration. In a disclosure to the stock exchange on...

United Paragon Mining bags exploration permit for Camarines Norte mining site

The Department of Environment and Natural Resources has issued United Paragon Mining Corp. (UPM) an exploration permit for its Camarines Norte property. In a disclosure...

DMCI Mining shipments up in first half

DMCI Mining Corp. said nickel shipments went up by 88% in the first half of 2018, but expects no shipments to be made in...

Nickel Asia’s net income inches up in first half

Nickel Asia Corp. (NAC) reported a 2.18% increase in attributable net income for the first half of 2018 to P1.57 billion, due to rising...

Apex Mining posts higher net income, revenues in H1

Apex Mining Co., Inc. said its attributable earnings in the first half of the year grew by 14% year on year due to higher...

Group to bring campaign on mining safety to Baguio officials

THE Philippine Mine Safety and Environment Association (PMSEA) said it will embark on a campaign to deal with small-scale mining, beginning with efforts to promote mining safety to the local government of Baguio.

Top-grade iron ore may spike to $100

High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity, adding further momentum...

SC upholds gold miner in environmental case

THE Supreme Court (SC) upheld the Court of Appeals’ resolution favoring gold miner Filminera Resources Corp. in a case filed by Ang Aroroy ay Alagaan, Inc. against it for allegedly harming the environment. The group had petitioned for an environmental protection order of Writ of Kalikasan against Filminera.

DENR’s internal mining review expected this month

THE Department of Environment and Natural Resources (DENR) said it hopes to complete its own mining review “within the month.”

Miners call for end of ban on big new ventures

MINERS in the country are urging the government to lift a six-year ban on new large-scale mining projects in the world’s no. 2 nickel ore supplier after the state removed restrictions on fresh smaller ventures.

Global Ferronickel to raise over P500 million from share sale

GLOBAL FERRONICKEL Holdings, Inc. (FNI) has priced its follow-on share sale at a discount, which will allow it to raise just over P500 million or half of its original target of P1 billion.

China launches $200-million mining venture with largest Tajik smelter

China and Tajikistan embarked on a new $200 million gold and antimony mining venture Sunday, the Tajik presidential press service said, as Beijing expands...

Experts complete first phase of mining review

THE RESULTS of a technical review of the 26 mining sites ordered closed or suspended by the Department of Environment and Natural Resources (DENR) are set to be presented to the inter-agency Mining Industry Coordinating Council (MICC) today.

Mining Industry Coordinating Council convenes to finalize ruling on closed mining...

THE INTER-AGENCY Mining Industry Coordinating Council (MICC) will convene today to hear findings of the independent technical review teams on the supposed erring mining...

PSA: Mining sector attracted most applicants between Jan. 2015 and June...

THE mining and quarrying industry was the most competitive in terms of the ratio of job applicants to available professional positions between Jan. 2015 and June 2016, the Philippine Statistics Authority (PSA) said.

Global Ferronickel delays planned P1-billion share sale

Global Ferronickel Holdings, Inc. is delaying its planned P1-billion follow-on share sale to give the Securities and Exchange Commission (SEC) more time to review...

X-ray technology may speed up miners’ search for hidden gold

A breakthrough x-ray technology that can detect and analyze unseen gold is now up and running in Australia, the world’s second-biggest producer, with plans...

Philex Mining net income drops on lower production

Philex Mining Corp. reported a 24% drop in its first quarter core net income to P346 million from P458 million from the same period...

Apex Mining Co., Inc.: A partner for progress

Apex Mining Co., Inc. (AMCI) is a Philippine-owned company, incorporated and registered with the Philippine Securities and Exchange Commission in 1970 primarily to carry...

Marcventures revenues up

LISTED company Marcventures Holdings Inc. said its mining subsidiary Marcventures Mining & Development Corp. (MMDC) saw an increase in revenue last year due to...

Marcventures posts revenue growth on higher nickel ore shipments

Listed company Marcventures Holdings Inc. said its mining subsidiary Marcventures Mining & Development Corp. (MMDC) saw an increase in revenue last year due to...

Nickel Asia says DENR proposed mining limit will not affect production...

Listed firm Nickel Asia Corp. (NAC) said that the government's proposal to prescribe a limit to mining areas will not affect its production. In a...

Mines chamber to meet with DENR chief to discuss changes in...

The Chamber of Mines of the Philippines (CoMP) will be meeting with Environment Secretary Roy A. Cimatu on Thursday, April 19, to discuss the...

Apex Mining earnings surge 33% to P429 million on record production

Apex Mining Co., Inc. (APX) reported that its 2017 consolidated net income went up by 33% to P429 million from P322 million in 2016,...

Duterte threatens mining firms anew

PRESIDENT Rodrigo R. Duterte on Monday, April 9, gave mining companies six months to rehabilitate mined out areas and warned he may yet impose...

Global Ferronickel unit sends first nickel ore shipment to China

Global Ferronickel Holdings, Inc. (FNI) said its subsidiary Platinum Group Metals Corp. (PGMC) already sent its first nickel ore shipment to China on Wednesday,...

MICC starts review of suspended mines

THE REVIEW of 26 erring mines has begun, the Mining Industry Coordinating Committee (MICC) said over a year since the Department of Environment and...

DMCI expects ‘modest growth’ in 2018 despite mine closures

DMCI Mining Corp. on Friday said that it is expecting “modest growth,” even as it awaits the resolution of its appeals to the Office...