#WhyMining
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Alsons to take over Australia's Indophil PH

Jan 16, 2015 - 8:19 PM

Mindanao based Alsons Group s stake in the Australian mining firm will also hike its interest in Sagittarius Mines the concessionaire of the controversial Tampakan exploration project

Black sand mining operations under scrutiny

Nov 13, 2014 - 5:48 PM

The Mining Industry Coordinating Council will review existing black sand mining operations to curb the proliferation of illegal mining operations

Whose mine is it?

Jul 13, 2014 - 2:12 PM

Communist NPA insurgents in the Philippines these days are not just detonating landmines they are also operating small scale mines

Atok, Intex finalize agreement on Mindoro mine suit

Oct 24, 2013 - 2:15 PM

The Ongpin led group s mining firm says it has finalized and completed agreement with Intex to amicably settle their dispute

FINAL AGREEMENT. The agreement between Atok and Oslo-based Intex to settle dispute over Mindoro mine has been completed, says the firm of Filipino billionaire Roberto Ongpin (left). File photo by Aya Lowe/Rappler

Philex shelves P13.8-B rights offer

Oct 08, 2013 - 4:32 PM

Philex Mining cancels its planned stock rights offering citing unfavorable market conditions

COSTLY REHAB. A Philex Mining staff checks the penstock at the tailing pond of the Padcal mine in Benguet. Photo provided by Philex

SMI has fallen on hard times

Oct 01, 2013 - 10:10 AM

Just how serious is the ‘scaling down’ of the activities of Sagittarius Mines Inc SMI after Glencore Xstrata announced a cut of half its global operations?

CA stops mining firm from leveling Zambales mountain

Sep 23, 2013 - 12:21 AM

Chinese miner LNL Archipelago Minerals is leveling a mountain in Zambales to build a seaport for the shipment of chromite rich soil to China

Study puts King-king mine value at $2-B

Sep 20, 2013 - 12:30 AM

The mine is expected to generate 45 000 direct jobs

DEAL SEALED. The King-king copper-gold mining project proceeds. Sealing the deal are (L-R) Nadecor chair Roberto Romulo, Nadecor president Conrado Calalang and St. Augustine CEO Andrew J. Russell. Photo courtesy of Nadecor

Atok, Intex 'agree' not to sue each other

Sep 16, 2013 - 4:48 PM

Mining partners Atok Big Wedge Co Inc and Norwegian firm Intex Resources AS have reached an agreement in principle to work together

NO MORE SUIT. Atok Big Wedge and Oslo-based firm Intex have reached an 'agreement in principle,' according to the firm of Filipino billionaire Roberto Ongpin (left). File photo by Aya Lowe/Rappler

Ongpin-led Atok loses bid for Mindoro mine

Sep 15, 2013 - 10:00 PM

The court of appeals favors the foreign mining firm over of the group of Filipino billionaire Roberto Ongpin in a civil case involving a Mindoro nickel mine

GOODBYE, NICKEL? The court of appeals favored the foreign mining firm instead of the group of Filipino billionaire Roberto Ongpin (left) in a civil case involving a Mindoro nickel mine. File photo by Aya Lowe/Rappler

Miners want single tax regime

Sep 11, 2013 - 5:23 PM

Large mining firms want the current tax system to be streamlined into a single rate progressive and equitable structure that is easy to implement

$12-B mining projects on hold amid revenue-sharing issues

Sep 10, 2013 - 11:16 PM

The Chamber of Mines says the government will miss its 16 B mining investment target by 2016 due to unclear tax policy

IN PHOTOS: Taganito, a mining town

Sep 08, 2013 - 3:28 AM

In the island of Taganito in northern Mindanao life revolves around Nickel Asia Corporation

Nickel Asia opens plant in Surigao del Norte

Sep 05, 2013 - 9:43 PM

The country s largest nickel producer opens a processing plant in Surigao del Norte

Finally, Nadecor proceeds with King-king project

Sep 05, 2013 - 9:17 AM

Nadecor can finally proceed with its joint venture with a Canadian firm for its copper gold project in Mindanao after it settled disputes with Benguet Mining

DEAL SEALED. The King-king copper-gold mining project proceeds. Sealing the deal are (L-R) Nadecor chair Roberto Romulo, Nadecor president Conrado Calalang and St. Augustine CEO Andrew J. Russell. Photo courtesy of Nadecor

MVP-led Philex to shut down coal mine

Sep 02, 2013 - 11:29 AM

Six months after declaring a suspension the Philex unit proceeds with closure of coal mining operations

Indigenous groups: Solve Tampakan mine issues

Aug 29, 2013 - 6:10 PM

Leaders of several indigenous communities ask Malacañang to clear the obstacles in the commercial operation of the Tampakan mine in South Cotabato

DOWNSIZING. After stiff opposition from host local government, Church and tribes, including rebel attacks, the operator of one of the world's biggest copper and gold deposits cut its Philippine mining operations. Photo shows a visualization of the Tampakan mining site by Parsons Brinckerhoff for Swiss miner Xstrata

Glencore-Xstrata records $8.9-B net loss in first half

Aug 20, 2013 - 4:53 PM

The newly merged mining firm says net loss was due to merger write downs which reflect the poor outlook for the mining industry

DOWNSIZING IN PHILIPPINES. After stiff opposition from host local government, Church and tribes, including rebel attacks, the operator of one of the world's biggest copper and gold deposits cut its Philippine mining operations. Photo shows a visualization of the Tampakan mining site by Parsons Brinckerhoff for Swiss miner Xstrata

Glencore-Xstrata 'downsizes' PH mining operations

Aug 13, 2013 - 5:19 AM

The operator of one of the world s biggest copper and gold deposits cuts its Philippine mining operations after stiff opposition from host local government Church and tribes including rebel attacks

DOWNSIZING. After stiff opposition from host local government, Church and tribes, including rebel attacks, the operator of one of the world's biggest copper and gold deposits cut its Philippine mining operations. Photo shows a visualization of the Tampakan mining site by Parsons Brinckerhoff for Swiss miner Xstrata

Justices to gov't: Prove poor benefit from mining

Jul 17, 2013 - 9:21 AM

In oral arguments Supreme Court justices ask for proof the mining industry has benefited the 28 million poor Filipinos

STOP THE PETITION. The mining chamber wants the Supreme Court to nullify the petition of a group questioning the constitutionality of the Mining Act. File photo from Newsbreak

Pollution board allows Philex to continue operations

Jul 09, 2013 - 6:39 PM

The state pollution board allows Philex Mining to continue with its remediation measures for the damaged tailings facility in its Padcal gold and copper mine

MINE SPILL. A Philex Mining staff checks the penstock at the tailing pond of the Padcal mine in Benguet. Photo provided by Philex

Govt allows Philex to continue operations

Jul 05, 2013 - 6:54 PM

UPDATED The country s biggest gold producer is allowed to continue temporary operations in Benguet mountain province while regulators review rehabilitation plans for mine s damaged tailing dam

MINE SPILL. A Philex Mining staff checks the penstock at the tailing pond of the Padcal mine in Benguet. Photo provided by Philex

Mining chamber to argue revenue-sharing issue in SC

Jun 27, 2013 - 7:13 PM

The Chamber of Mines of the Philippines wants the Supreme Court to nullify a petition challenging the constitutionality of the revenue sharing provisions of the Mining Act

STOP THE PETITION. The mining chamber wants the Supreme Court to nullify the petition of a group questioning the constitutionality of the Mining Act. File photo from Newsbreak

Metals output to rise by 10% in 4 years — DENR

Jun 25, 2013 - 12:41 AM

Metal production value is expected to rise by 9 to 10 in the next 4 years once the new mining policy is implemented

EXPECTED TO RISE. Metal production values is expected to rise by 9% to 10% in the next 4 years once the new mining policy is implemented

Before or after profit? PH mulls how to hike mining share

Jun 21, 2013 - 5:52 PM

There s no doubt that the Aquino government wants to increase the revenues it receives from mining activities ; the question is how

MINE. Environment Secretary Ramon Paje (left) says the mining council is finalizing how to collect the higher share of the government from mining activities. File photo from AFP

DMCI eyes London delisting of mining unit

Jun 18, 2013 - 3:14 PM

Consunji led DMCI Group will seek the approval of its shareholders to delist its mining unit from the London stock exchange a move meant to cut costs

LEAVING. A man walks past the London Stock Exchange. March 2013 file photo by AFP

UK to fund PH initiative on transparency

Jun 17, 2013 - 10:47 AM

The UK will fund a project that aims to boost Philippines efforts to improve transparency in mining oil and gas via the Extractive Industries Transparency Initiative or EITI

EITI COMPLIANCE. The Aquino government is working double time to pass the application for EITI candidacy in April. Screenshot from PH-EITI presentation

MVP, San Miguel in wait and see mode on Tampakan

Jun 17, 2013 - 10:02 AM

Two of the country s biggest conglomerates are in a wait and see mode on their minority stakes in Tampakan mine in Mindanao following the ownership changes at the stalled gold and copper mine project

MINING OPERATIONS. It took over a year for the government to grant the operator of the Tampakan mine in Mindanao its environmental clearance. Photo shows a visualization of the Tampakan mining site by Parsons Brinckerhoff for Swiss miner Xstrata

Why mining industry declines 17% in Q1

May 30, 2013 - 9:15 PM

The mining industry slows down due to mining incidents and declining global prices for mineral commodities

LOW GROWTH. The mining industry posts a -17% growth in the first quarter of 2013.

Policy changes drag mining stocks — PSE chief

May 28, 2013 - 9:00 AM

Philippine Stock Exchange PSE president Hans Sicat says the changes in the mining policy are behind the dismal performance of the mining stocks

CHANGE IN FISCAL REGIME. Philippine Stock Exchange (PSE) president Hans Sicat says the changes in fiscal regime drag the country's mining industry. Photo by Lean Santos/Rappler

PH 2012 gold output sinks over 50%

May 27, 2013 - 10:41 AM

Government blames the fall in gold on a slump from small miners and traders selling to the country’s Bangko Sentral ng Pilipinas after the government tightened the collection of taxes

GOLD MINE. Gold production nosedives in 2012. Newsbreak file photo

PH mining reform measure to boost FDI — Goldman Sachs

May 23, 2013 - 5:50 PM

Passing the mining reform bill is key to significantly boost the Philippines foreign direct investments and sustain economic growth says Goldman Sachs chief growth markets strategist Christopher Eoyang

BOOSTING FDI. Goldman Sachs chief growth markets strategist Christopher Eoyang says passing the mining reform bill is needed to boost the country's FDI. Photo by Lean Santos/Rappler

Finish clean up of mine wastes, Philex told

May 23, 2013 - 5:04 PM

The state pollution body requires total clean up of the mine tailings that spilled into affected waterways before it will allow Philex to operate its copper gold mine again

CLEAN UP. The state pollution body requires Philex to complete the clean up of mine waste residues in the two rivers affected by the tailings spill before normal operations can re-start. Photo courtesy of Philex

PH becomes a candidate for EITI

May 23, 2013 - 7:53 AM

The Philippines is now a candidate for the Extractive Industries Transparency Initiative EITI a seal of global approval that payments and receipts involving extractive industries — mainly mining — are properly disclosed

EITI COMPLIANCE. The Aquino government is working double time to pass the application for EITI candidacy in April. Screenshot from PH-EITI presentation

2012 metal output down 18%

May 17, 2013 - 4:10 PM

The suspension of several mine operations and the decline in the central bank s gold purchases pulled down the country s metal production

PRODUCTION DOWN. Mine suspensions and lower gold purchases by BSP drag down PH metal production in 2012

Mining reform bill a priority in next Congress

May 14, 2013 - 6:04 PM

The Department of Finance DOF is set to push the mining revenue bill once the next Congress resumes session in July

EO 79 was issued by President Benigno Aquino III on July 6, 2012

PH election a 'non-event' to investors

May 13, 2013 - 5:59 AM

COL Financial President and CEO Conrado Bate says the situation in 2013 is different from past elections due to the lack of pending policies for attracting investments

NO EFFECT. The head of COL Financial said that the midterm elections will not have any significant effect on the stock market. Photo by Marga Deona

Victory in polls key to passing revenue measures - Carandang

May 13, 2013 - 1:21 AM

The Aquino administration is banking on favorable results from the May 13 mid term elections to push for more revenue reform measures in Congress in the last 3 years of the Aquino administration

Australia budget blues in land of mining boom

May 12, 2013 - 11:49 PM

No election year spending spree in Australia as it begins its painful transition away from a decade long mining boom

Rio Tinto chief warns of more job cuts

May 06, 2013 - 11:57 AM

Rio Tinto chief Sam Walsh warns of more job cuts as the mining giant works to make US 5 billion in savings by the end of 2014

IED explodes near Rio Tuba airstrip

May 02, 2013 - 9:26 AM

An improvised explosive device IED exploded near the private airstrip of Rio Tuba Nickel Corporation in Palawan last Tuesday

Philex Q1 earnings down 68% due to Padcal closure

Apr 30, 2013 - 8:28 PM

Philex s Padcal mine was ordered closed in August 2012 due to a waste leak

LOW PROFIT. Philex Mining Corp. generated anemic growth in profit due to the suspension of its Padcal mine in Benguet. Photo by Philex

Gov't revises 2013 mining targets

Apr 22, 2013 - 9:17 AM

The lifting of moratorium on new mining permit applications led the government to revise anew its investment projections

EO 79 was issued by President Benigno Aquino III on July 6, 2012

Glencore completes takeover of Xstrata

Apr 18, 2013 - 11:12 AM

Glencore and Xstrata have operations in the Philippines PASAR and Tampakan mine respectively

MINING OPERATIONS. It took over a year for the government to grant the operator of the Tampakan mine in Mindanao its environmental clearance. Photo shows a visualization of the Tampakan mining site by Parsons Brinckerhoff for Swiss miner Xstrata

Mining accidents not 'acts of God' - expert

Apr 17, 2013 - 7:28 AM

Health Safety and Environment Asia Pacific principal consultant Keith Halford stresses that mining incidents are due to human errors

HUMAN ERRORS. Mining expert Dr. Keith Halford stresses that mining incidents are a product of human error and not "Acts of God." Photo from Philippine Mining Club's website

Protecting its mining industry PH pursues EITI

Apr 15, 2013 - 5:39 PM

The move by Aquino’s government is motivated by good governance and transparency and political calculation

EITI COMPLIANCE. The Aquino government is working double time to pass the application for EITI candidacy in April. Screenshot from PH-EITI presentation

PH targets EITI candidacy application in April

Apr 05, 2013 - 5:55 AM

UPDATED The Aquino government is working double time to pass the country s application for EITI candidacy in April

EITI COMPLIANCE. The Aquino government is working double time to pass the application for EITI candidacy in April. Screenshot from PH-EITI presentation

MVP gives up CEO post in Philex

Apr 04, 2013 - 10:20 AM

Businessman Manuel Pangilinan will remain as chairman of the gold and copper producer

NO LONGER CEO. Philex Mining Corp. cites corporate governance for decision of businessman Manuel V. Pangilinan to relinquish CEO post. Photo from AFP

Xstrata-Glencore merger issues may delay Tampakan mine

Apr 03, 2013 - 12:09 PM

The start of Tampakan mining operations may be delayed further due to merger issues of Glencore and Xstrata Plc

MINING OPERATIONS. It took over a year for the government to grant the operator of the Tampakan mine in Mindanao its environmental clearance. Photo shows a visualization of the Tampakan mining site by Parsons Brinckerhoff for Swiss miner Xstrata

Mining reform bill a priority - Purisima

Apr 02, 2013 - 2:58 PM

The bill is on top of the list of priority measures the Aquino administration will push for in the next Congress