June 1, 2017: Mining firm bags Sucat power plant

June 1, 2017: Mining firm bags Sucat power plant
 

MANILA, Philippines – A mining firm emerged the highest bidder for the purchase of the decommissioned 850-megawatt (MW) Sucat thermal power plant (STPP) in Muntinlupa City, state-run Power Sector Assets and Liabilities Management Corp. (PSALM) said yesterday.

PSALM said Riverbend Consolidated Mining Corp. bested the offers of two other firms.

“Riverbend was declared the bidder with the highest offer after it bested two other companies with its P305.2 million proposal,” PSALM officer-in-charge Lourdes Alzona said.

The two other companies which joined the bidding were VPD Trading and G.G. Uy Bonapor Metal Contractor Co. with financial offers of P201.6 million and P168 million, respectively.

Based on the asset sale provisions, the winning bidder has the obligation to dismantle, clean-up and remediate the site which means the buyer shall return the present site to ground  zero (road level) free and clear of wastes, toxic substances, debris and structures.

June 1, 2017: METALLIC MINERAL PRODUCTION VALUE GROWS BY 5.10% IN Q1 2017 ON ROBUST METAL PRICES

June 1, 2017:    METALLIC MINERAL PRODUCTION VALUE GROWS BY 5.10% IN Q1 2017 ON ROBUST METAL PRICES

 

Philippine metallic mineral production value grew by 5.10% in Q1 2017 from PhP22.79 billion in Q1 2016 to PhP23.96 billion, an increase of PhP1.16 billion.

The good performance of gold and mixed nickel-cobalt sulfide (MNCS) were the drivers for this positive turnout. Production value of gold and MNCS went up by PhP1.48 billion and PhP1.01 billion, respectively.

In terms of contribution to the total metallic mineral production value, gold validated its dominance over the other metals with 51%, or PhP12.16 billion, input during the review period. The Didipio Gold Project of OceanaGold Philippines Inc. (OGPI) in Nueva Vizcaya and Masbate Gold Project of Filminera Mining Corporation/Philippine Gold Processing and Refining Corporation in Masbate were at the forefront with 1,951 kilograms and 1,632 kilograms, respectively (See Table 2). The combined gold output of the two Projects accounted for more than 58%, or PhP7.07 billion, of the country’s gold production value.

In terms of mining method, among the country’s six gold mines, only Runruno Gold-Molybdenum Project of FCF Minerals Corporation (FMC) in Nueva Vizcaya conducts open-pit mining while the rest use underground mining. FMC is the second mining company to be granted a Financial or Technical Assistance Agreement (FTAA) by the government.

 

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June 1, 2017: Antam starts exporting nickel after relaxation policy

June 1, 2017: Antam starts exporting nickel after relaxation policy
 

State-owned diversified miner PT Aneka Tambang (Antam) has started exporting its low-grade nickel, with content below 1.7 percent, following the government’s decision to relax its mineral export ban earlier this year.

The company revealed on Tuesday that it had exported 165,000 wet metric tons (wmt) of nickel ore to China and was preparing the shipping schedule for a second batch.

“The exports of nickel and bauxite by Antam will support the mineral processing sector […] in line with the operations of our FeNi I ferronickel plant [in Pomalaa, Southeast Sulawesi],” Antam president director Arie Prabowo Ariotedjo said in a statement.

(Read also: Antam aims to export 6 million tons of low-grade nickel)

In late March, Antam obtained the first permit to export 2.7 million wmt of nickel ore, in accordance with the total capacity of its three ferronickel plants in Pomalaa. This export quota has been allocated to its market in China.

The company has submitted a second proposal to the government to export another 3.7 million wmt of nickel ore, in line with the feeding capacity of its new ferronickel smelter in East Halmahera, North Maluku.

May 31, 2017: Mining sees short-lived impact, might even benefit from martial law

May 31, 2017: Mining sees short-lived impact, might even benefit from martial law
 

MANILA, Philippines — The mining industry says the impact of martial law in Mindanao will be short-lived, and business could even pick up if the island’s peace and order problems are resolved.

Ron Recidoro, vice president for planning and policy of the Chamber of Mines of the Philippines, said the main concern is that “military checkpoints and curfews may affect the hauling and delivery of ore from mine site to any public pier or port.”

Recidoro said miners “have to ship out before onset of rainy season. That’s the pressure there; they have to do it quickly before curfew and in time for rainy season.”

With more than half of the country’s metallic mines located in Mindanao, Recidoro said it was business as usual for now. And while mining stocks have fallen since President Rodrigo Duterte placed the whole of Mindanao under martial law last week, analysts said prices abroad may also have been a factor in this.

In fact, Lexter Azurin, AVP and senior analyst at AB Capital Securities, said he “wouldn’t say (martial law is) the main reason why mining companies have been declining. The main factor is global commodity prices like gold and copper (have) been softening in the past few months …”

May 31, 2017: DENR starts retrieving thousands of trees felled by Palawan nickel miner

May 31, 2017: DENR starts retrieving thousands of trees felled by Palawan nickel miner
 

The Department of Environment and Natural Resources (DENR) is retrieving thousands of a mix of old-growth and secondary trees that were indiscriminately felled by Ipilan Nickel Corp. (INC) operating in Palawan.

Palawan Map | credit wikipedia | Manila Bulletin

Palawan Map | credit wikipedia | Manila Bulletin

All entry and exit points within the 2,835-hectare Mineral Production Sharing Agreement (MPSA) area of the mining firm have been placed under close monitoring by the DENR.

DENR-Mimaropa Regional Director Natividad Bernardino said a total of 34 forestry officers and workers – 18 from the DENR regional office and 16 from Palawan provincial government – have been deployed to the INC’s mining area in Brooke’s Point town to do an inventory and retrieve the felled trees, which are considered government property.

Bernardino said her office has been coordinating with concerned local government executives, particularly Palawan Gov. Jose Alvarez and Brooke’s Point Mayor Mary Jean Feliciano, in transferring the felled trees to a secured location which both the DENR and the local government unit (LGU) have identified to prevent them from getting poached.

May 31, 2017: Mining in Indonesia: Nickel Price to Remain Under Pressure | Indonesia Investments

May 31, 2017: Mining in Indonesia: Nickel Price to Remain Under Pressure | Indonesia Investments
 

The nickel price will remain under pressure because nickel supplies in the Philippines and Indonesia are on the rise. Both countries are the world’s key nickel exporters. The Philippines contributes around 25 percent to the world’s total nickel supply (most of the nation’s output is shipped to China).

But in the Philippines nickel supplies are rising because Philippine President Rodrigo Duterte replaced environmentalist and philanthropist Regina Lopez as Head of the Department of Environment and Natural Resources with former army general Roy Cimatu. While Lopez was eager to shut down 23 mines (equivalent to about 50 percent of the country’s nickel production capacity, while a number of companies were disallowed to resume nickel exports) across the Philippines (citing environmental breaches), Cimatu is expected to encourage output in the nation’s mining sector, thereby boosting production of nickel.

Meanwhile, in Indonesia, nickel supplies have been rising because the Indonesian government eased the ban on exports of mineral ore at the start of 2017, hence giving opportunities to local miners to boost production and shipments of nickel ore. Indonesia used to be the world’s biggest nickel ore exporter until the government introduced the ban on exports of mineral ore in early 2014 (a strategy aimed at encouraging the establishment of domestic processing industries).

May 30, 2017: Benguet seeks lifting of suspension

May 30, 2017: Benguet seeks lifting of suspension
 

Benguet Corp. said on Monday that there was no more reason for the operations of its subsidiary Benguetcorp Nickel Mines Inc. (BNMI) to remain under suspension, as the Court of Appeals has denied a related petition for a writ of kalikasan.

The company said BNMI received the Court of Appeals’ resolution dated May 22, which denied the petition for the issuance of the writ as well as an application for temporary environmental protection order filed by the group called “Concerned Citizens of Sta. Cruz, Zambales (CCOS)”
Benguet said that with the denial of the petition, the provisional writ of kalikasan that the Supreme Court issued was also lifted.

“Denial of the petition renders baseless the allegations of environmental damages under the suspension order dated July 7, 2016,” the company added.

May 30, 2017: Eagle Cement shares ride on ‘positive prospects’

May 30, 2017: Eagle Cement shares ride on ‘positive prospects’

The cement manufacturer of tycoon Ramon S. Ang — which listed on the Main Board under the symbol EAGLE — saw its shares open trading at P16 apiece, 6.67% more than a P15 offer price, peak for the day 7.47% higher at P16.12, then close at P15.30, still up 2.0%.

The PSE index edged up 0.24%, while the industrial sectoral index to which Eagle Cement now belongs finished just 0.03%up. The six industrial sectors were equally divided between gainers and losers.

Eagle Cement, which plans to ride the government’s massive infrastructure buildup over the next five years, raised over P8 billion in its maiden listing.

Net proceeds of the initial public offer will be allotted for the construction of Eagle Cement’s fourth production line in Cebu that will bring its total capacity to 9.1 million metric tons (MT) by 2020. The completion of its third production line in Bulacan in 2018 is expected to make it the country’s number-one cement maker in terms of capacity, at 7.1 million MT or 180 million bags annually.

May 28, 2017: DENR begins retrieval of trees cut by Palawan mining firm

May 28, 2017: DENR begins retrieval of trees cut by Palawan mining firm

MANILA, Philippines – The Department of Environment and Natural Resources (DENR) began retrieving thousands of trees in Brooke’s Point, Palawan that were “indiscriminately” cut by mining company Ipilan Nickel Corporation (INC).

In a statement on Saturday, May 27, the DENR said a team of 34 forestry officers and workers from DENR-Mimaropa and the Palawan provincial government were deployed to Brooke’s Point to conduct an inventory of the thousands of old-growth and secondary trees that were cut.

The DENR said majority of these trees are reportedly premium native species, such as malabayabas, apitongbaboy, nato, and agoho. Most of the trees were slumped over meter-wide gullies or pits that are from the INC’s exploration activities.

The retrieval of the trees, which are now considered government property, would require the use of boom trucks and off-road, 10-wheeler trucks that have 4-wheel drive capacities, according to Brooke’s Point community environment and natural resources officer Conrado Corpuz.

 

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May 26, 2017: MGB ATTENDS APEC MINE CLOSURE WORKSHOP

May 26, 2017: MGB ATTENDS APEC MINE CLOSURE WORKSHOP
 

Engr. Rodolfo L. Velasco Jr. Chief Science Research Specialist and Engr. Marcial H. Mateo, Supervising Science Research Specialist from the Mine Safety, Environment and Social Development Division of the Mines and Geosciences Bureau attended a Mine Closure Workshop sponsored by Asia Pacific Economic Cooperation (APEC) in association with the 11th APEC Mining Task Force Meeting.

The workshop is part of a larger project funded by APEC to design the Mine Closure Checklist for Government publication.

The Checklist will provide the essential elements of a successful mine closure governance framework in an accessible, easy to use format that is intended to be universally understood and applicable. It is intended for governments as well as mining companies and non-government organizations seeking to advocate for mine closure in their respective regions.  It will also encourage governments in developing economies to adopt best practices to create favorable conditions for sustainable mining.

The workshop aimed to (1) Present a draft of the Mine Closure Checklist to solicit feedbacks especially from developing countries; (2) Explore key challenges and opportunities for success in mine closure from different stakeholder perspectives; and (3) Draw on lessons learned from completed mine closure projects and through the use of examples and case studies, provide an overview of important concepts and considerations.