Sept. 20, 2017: Hinatuan Mining expects lower net income this year | BusinessMirror

Sept. 20, 2017: Hinatuan Mining expects lower net income this year | BusinessMirror
 

HINATUAN Mining Corp. (HMC) expects its net income to go down this year as it cuts by almost half its export of nickel ore to China pending the grant of tree-cutting permit by the Department of Environment and Natural Resources (DENR).

From the original target of 51 shipments, HMC decided to downsize its shipments to 38. Each shipment is equivalent to 50,000 wet metric tons of nickel ore.

Asked if the decision will have an effect on its annual revenues, HMC Resident Mine Manager Francisco Arañes Jr. said they expect net income this year to go down significantly.

Sept. 18, 2017: Women, fishermen get livelihood boost from Dinagat Islands miner | BusinessMirror

Sept. 18, 2017: Women, fishermen get livelihood boost from Dinagat Islands miner | BusinessMirror
 

DINAGAT ISLANDS—For 60-year-old Leopold B. Ortiz, President of the Boa Fisherfolk Association (BFA) based in Cagdianao, Dinagat Islands, the onset of the “ber” months is bad news.  During the ber months, he said, the Amihan sets in.

“Beginning September, we can no longer go out to fish in open waters,” Ortiz said.

Like most Dinagat Islands settlers, fishing is a way of life for Ortiz.  But fishing, he said, is a risky business.

He added they could only fish from April to August, when they are able to catch fish ranging from 3 kilos to 15 kilos.  After that, fishing activities stop, and they have to rely on the crops they plant for food.

Sept. 16, 2017: Filipino business, government representatives tour mine

Sept. 16, 2017: Filipino business, government representatives tour mine
 

NEW Acland Mine is attracting international interest.

Filipino business and government representatives toured the operation last Tuesday.

Joined by The University of Queensland’s Sustainable Minerals Institute (SMI), the delegation explored New Acland’s environmental and social initiatives.

The delegation’s tour was the tenth this year of an international group to site.

Sept. 15, 2017: Kalinga alarmed by transport of boulders

Sept. 15, 2017: Kalinga alarmed by transport of boulders
 

TABUK CITY, Kalinga: Local residents in the province are alarmed by the continuous transport of boulders from Chico River to other towns and Cagayan in spite the resolution by the Provincial Board stopping its hauling.

Photos of the haulers have recently been posted on social media touching off spirited discussions with retired prosecutor Arthur Kub-ao Sr. going as far as calling the activity “raid, rape and plunder of our natural resources along the Chico River.”

The Sangguniang Panlalawigan (SP) Committee on Environmental Protection, Natural Resources and Energy on Wednesday called a meeting following complaints from residents along the road to Tuguegarao City saying their sleep at night is disturbed by rumbling of trucks. They also expressed concern that heavy trucks might affect the weak Aliog Bridge in Barangay Nambaran.

Sept. 15, 2017: Dinagat Islands’s top miner steps up nickel shipment to China | BusinessMirror

Sept. 15, 2017: Dinagat Islands’s top miner steps up nickel shipment to China | BusinessMirror
 

DINAGAT ISLANDS—The Cagdianao Mining Corp. (CMC) is stepping up operations for 12 more shipments of nickel ore to China by the second week of November.

So far, the company had completed 25 shipments—all to China.  The loading of the 26th and 27th shipments unto the barge is ongoing, Noah S. Balonzo, mine-production supervisor of CMC, told the BusinessMirror.

A wholly owned subsidiary of Nickel Asia Corp. (NAC), CMC is one of three nickel-mining companies that continue to operate in Dinagat Islands, following former Environment Secretary Regina Paz L. Lopez’s crackdown against irresponsible mining.

Sept. 15, 2017: Oceana unveils expansion plans

Sept. 15, 2017: Oceana unveils expansion plans
 
Oceana Gold has unveiled a 10-year corporate strategy for more expansion, in the process outlining plenty of potential for mine life extensions at its Macraes site in East Otago and Waihi in the central North Island.

Oceana’s general manager at Macraes, Dale Oram, was upbeat and candid in his presentation at the New Zealand branch of the Australian Institute of Mining and Metallurgy annual conference this week, in front of most of the 220 delegates attending.

He said in the long term Oceana wanted to continue on its path of geographic diversity and eventually operate five to seven mines; it at present has two in New Zealand, one in the northern Philippines and a soon to be fully commissioned new mine in the state of South Carolina in the United States being handed over on October 1.

Sept. 15, 2017: Cagdianao Mining Corporation eyes 12 ore shipments by Nov.

Sept. 15, 2017: Cagdianao Mining Corporation eyes 12 ore shipments by Nov.
 

Dinagat Islands – Cagdianao Mining Corporation (CMC), a subsidiary of listed mining firm Nickel Asia Corp. (NAC), is set to boost its operations to complete 12 more shipments of nickel ore to China by November.

CMC Mine Production Supervisor Noah Balonzo said the company had so far completed 25 shipments to China.

Right now, a couple of shipments are currently being loaded into the barge. Each shipment carries 55,000 wet metric tons of nickel ore.

 

Sept. 12, 2017: Philippines: Marcventures getting $22m in merger with two mining firms

Sept. 12, 2017: Philippines: Marcventures getting $22m in merger with two mining firms
 
Marcventures Holding Inc, engaged in mineral development in the Philippines, is merging with Asia Pilot Mining Philippines Corp (APMPC), and BrightGreen Resources Holdings Inc (BHI) in a deal valued at $22.1 million (P1.125 billion). The company plans to issue a total of 1.125 billion shares priced at P1.00 apiece for the merger, that is 675 million shares in favor of APMPC shareholders, and 450 million shares in favor of BHI shareholders. Both APMPC and BHI will be folded into Marcventures subject to approval of the shareholders.

Read more at: https://www.dealstreetasia.com/stories/philippines-marcventures-getting-22m-in-merger-with-two-mining-firms-82100/

Sept. 7, 2017: Philippines’ President says open-pit mining ban should stay | MINING.com

Sept. 7, 2017: Philippines’ President says open-pit mining ban should stay | MINING.com
 

Philippines’ President Rodrigo Duterte said on Tuesday he believed the controversial ban on open pit mining imposed by former Environment Secretary Gina Lopez should remain in place given the environmental damage it causes, but noted he would give companies time to find alternative mining methods.

The current ban on open pit mining only affects projects, but its continuity threatens major planned mines.Duterte, who has spent his first year in power pushing for stricter mining standards, said he had already asked current Environment and Natural Resources Secretary Roy Cimatu “to look into the eventual closure of open-pit mining,” local ABS-CBN News reported.

The current ban only affects projects, not mines currently in operations. However, its continuity threatens major planned mines including Philex Mining’s $2bn Silangan copper-gold project in Surigao del Norte and Sagittarius Mines’s $5.9bn Tampakan gold-copper project in South Cotabato, which has the potential to become the Philippines’ biggest foreign investment.

Sept. 6, 2017: Villar calls for careful study on lifting of open-pit mines ban

Sept. 6, 2017: Villar calls for careful study on lifting of open-pit mines ban
 

Senator Cynthia Villar has called for a careful study on proposals to lift the nationwide ban on open-pit mining, as she scored the continued operations of illegal miners and loggers, who she blamed for the destruction of the country’s environment.

“Alam mo, itong problem natin ng mining is not about those companies na legitimate.  Ang problema natin kaya na-destroy ang environment natin eh yung illegal mining at illegal logging. Oh, ini-stop ba nila ‘yun? (You know, our problem is not about those companies that are legitimate. Our environment was destroyed because of illegal mining and illegal logging. Oh, did they stop that?),” pointed out Villar during the weekly “Kapihan sa Manila Bay”.

“Dami-dami nun sa Mindanao wala na-stop eh. Galit na galit sila sa mga companies but yung illegal miners are they getting permits? (There are a lot of illegal miners in Mindanao, they were not stopped. They are angry at these companies, but how about the illegal miners, are they getting permits?),” Villar, chair of the Senate Committee on Environment and Natural Resources, also said.