Benguet Corp. is optimistic about surpassing its 2024 performance, driven by surging gold prices and a fully settled debt position. Management says the focus now is on diversification and long-term value creation after using 2024 to stabilize its balance sheet.
Tycoon Enrique Razon Jr.’s Apex Mining Co. Inc. delivered a strong financial performance in 2024, posting a 28 percent increase in net income to P4.3 billion, up from P3.4 billion in 2023.
With gold prices soaring to record highs, global tycoons are turning their attention to the massive Tampakan mine, eyeing it as the next big opportunity.
COMP acknowledged the environmental concerns behind the moratorium but argued that the existing legal framework already provides strict environmental safeguards. It cited the Philippine Mining Act of 1995 and various regulations that mandate responsible mining practices.
DMCI Mining Corp. and Nickel Asia Corp. have signed an initial agreement to explore building a nickel processing plant in the Philippines, a move that could strengthen the country’s position in the global industry.
OceanaGold Philippines, the operator of the Didipio mine in Nueva Vizcaya, is rewarding shareholders with a $22.9 million fourth-quarter dividend, bringing total payouts to $69.4 million since its listing last May.
Environment and Natural Resources Secretary Maria Antonia Yulo Loyzaga recently signed a department administrative order that mandates mining firms to implement sustainability-focused programs, marking a major shift in how the industry supports environmental and social initiatives.
The Philippine Nickel Industry Association has urged policymakers to reconsider a proposed ban on nickel ore exports, warning that the move could undermine industry growth and deter foreign investment.
Nickel Asia Corp. (NAC) reported a net income of P2.55 billion for the first nine months of 2024, down from P3.65 billion in the same period last year.