Dec. 17, 2017: Senate probe on coal mine, power plant mishaps pushed

Dec. 17, 2017: Senate probe on coal mine, power plant mishaps pushed
Senator Loren Legarda is calling for a Senate investigation on the recent mishaps by coal mine and power plants in Antique, Oriental Mindoro and Iloilo provinces.

Before the Congress took a legislative break for the holidays this week, Legarda filed Senate Resolution No. 567 seeking an inquiry, in aid of legislation, into the collapse of a portion of the open-pit coal mine in Semirara Island, Antique; the power plant oil leak in Calapan City, Oriental Mindoro; and the power plant ash leak in Concepcion, Iloilo, and their respective environment and health impacts on the affected areas.

Legarda, chair of the Senate committee on climate change, said the inquiry aims to encourage concerned government agencies to conduct a “fair and impartial” probe on these incidents.

Dec. 2, 2017: Philippines: Anglo Holdings gets nod to buy more stake in Atlas Mining in $73m deal

Dec. 2, 2017: Philippines: Anglo Holdings gets nod to buy more stake in Atlas Mining in $73m deal
 
Anglo Philippine Holdings Corp has gained approval from the Securities and Exchange Commission for its acquisition of additional shares in Atlas Consolidated Mining and Development Corp worth $73.6 million (P3.7 billion). The Alfredo Ramos-led holding firm disclosed it is buying over 845 million shares representing 23.74 per cent stake in Atlas Mining priced at P4.3 per share. This will increase Anglo Holdings’ stake in the mining firm from 8.27 per cent to 32.01 per cent. Anglo Holdings noted it has in fact paid 25 per cent of the total subscription price in cash.

Read more at: https://www.dealstreetasia.com/stories/philippines-anglo-holdings-gets-nod-buy-stake-atlas-mining-73m-deal-87589/

Nov. 29, 2017: Fulbright fellow researches impact of mining in Philippines :: Indiana University Kokomo Newsroom

Nov. 29, 2017: Fulbright fellow researches impact of mining in Philippines :: Indiana University Kokomo Newsroom
 
November 28, 2017

KOKOMO, Ind. —A gaping hole in the ground, and piles of rock and rubble, were all that remained of the remote section of mountain in the Philippines. The land, which formerly supported nearby villagers, stands ruined, bulldozed and stripped of its trees.

Since August, Ligaya McGovern has witnessed the results of corporate mining in her native country, talked to the people impacted, and prepared to tell their stories to the world.

“I’m very thankful, and I feel very fortunate to have this opportunity to be with people who are struggling for social justice, for the right to their ancestral lands, and out of concern for their environment,” said McGovern.

Nov. 29, 2017: Proposed mining tax hike ‘really heavy,’ says Global Ferronickel

Nov. 29, 2017: Proposed mining tax hike ‘really heavy,’ says Global Ferronickel
 

MANILA – The potential doubling of mining taxes will be a “really heavy” burden and some players “might not survive” if commodity prices are down, a mining company head said Tuesday.

The Senate on Monday doubled excise tax rates on mining as part of a broader tax reform package that it hoped to pass this week.

Nov. 29, 2017: Mining stocks fall as Senate approves nearly 3,000% coal tax hike

Nov. 29, 2017: Mining stocks fall as Senate approves nearly 3,000% coal tax hike
 

MANILA, Philippines – Mining stocks took a dive after the Senate approved a nearly 3,000% increase in coal taxes as part of the Duterte administration’s comprehensive tax reform package.

The mining and oil index was the worst performer of all Philippine Stock Exchange (PSE) indices on Tuesday, November 28, falling by 615.65 points or 5.07% to end at 11,526.59 as trading closed.

All of the PSE indices, save for financials, were down on Tuesday, which caused the main PSE index (PSEi) to fall by 69.81 points or 0.84% to close at 8,291.88.

Nov. 29, 2017: Meet this 11-year-old advocate against Manicani mining

Nov. 29, 2017: Meet this 11-year-old advocate against Manicani mining
 

MANILA, Philippines – While other kids of his age are hooked on computer games or school work, 11-year-old Fidelino Atregenio Jr. instead chooses to join his father in rallying against giant mining companies, which he described as “walang kaawa-awa” or merciless.

At his age, he could be the youngest anti-mining advocate in the Philippines. (READ: Fast Facts: Mining in the Philippines)

His parents used to live in Manicani, a small island in Eastern Samar, but later decided to stay in Manila for good.

His father began tagging him along in anti-mining rallies in the city as early as when he was only two years old. Even if he did not grow up in the island, young Fidelino personally visits the area with his family almost every year.

Nov. 28, 2017: 10 senators OK Escudero proposal to double tax rates on mining firms

Nov. 28, 2017: 10 senators OK Escudero proposal to double tax rates on mining firms
 
After a heated debate, majority of senators voted on Monday night to double the tax rates on mining firms.

Ten senators voted in favor of Senator Francis Escudero’s proposal to double  the tax, two  were against it while three abstained from voting.

It was Senate President Ralph Recto, who initially made the proposal after  learning during plenary debates on the  proposed tax reform measure that  the  total revenues  being collected from the mining industry amounted to P1.8 billion only.

Nov. 27, 2017: Miner gets award for safety standards

Nov. 27, 2017: Miner gets award for safety standards

Baguio City: Agata Mining Ventures Inc. (AMVI), a joint venture between TVI Resource Development Philippines Inc. (TVIRD) and MRL Nickel Philippines, was again recognized for upholding the mining industry’s highest safety standards during the recently-concluded 64th Annual National Mine Safety and Environment Conference (ANMSEC).

At the end of the four-day conference, AMVI was honored with back-to-back awards: The Presidential Mineral Industry Environmental Award (PMIEA-Platinum) in the Surface Mining Operation Category and the Best Mining Forest Award (2nd Runner Up) in the Metallic Mining Operation Category.

Miner gets award for safety standards

 

Full story

Nov. 27, 2017: Restore whole ecology not just trees, miners told

Nov. 27, 2017: Restore whole ecology not just trees, miners told
 
BAGUIO CITY—Instead of rebuilding forests when a mine’s life ends, mining firms should invest in restoring the whole ecology that was damaged by mining activity, a unit of Nickel Asia Corp. proposed during this year’s annual mine safety and environment symposium here.Mining firms are guided by a uniform but very broad guideline: restore or improve the disturbed mining areas to their pre-mining conditions, said Robert Francisco, environment manager of Taganito Mining Corp. (TMC).

But the mining industry complies with this requirement by focusing on “the quantity of trees that we plant or the hectares that we rehabilitate,” Francisco said when he discussed how TMC had shifted from regreening to the full ecological restoration at its nickel mine in Surigao del Norte.

Read more: https://business.inquirer.net/241392/restore-whole-ecology-not-just-trees-miners-told#ixzz4zWhwdqru
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26 Nov 2017: MGB: HMC mining permit renewal unlikely

26 Nov 2017: MGB: HMC mining permit renewal unlikely
 
The application for the renewal of Hinatuan Mining Corp.’s (HMC) mining permit in Eastern Samar is likely to be rejected based on existing laws, Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano said.

 

On the sidelines of the 64th Annual National Mine Safety and Safety Conference (ANMSEC) in Baguio City, Moncano said that under Presidential Proclamation 469 issued by former President Fidel Ramos, the coastal and terrestrial areas of Manicani were declared as protected areas.

Moreover, critical areas such as an “island ecosystem” like the Manicani cannot be mined according to Executive Order 79 issued by former President Benigno Aquino III.

Read more: http://business.inquirer.net/241394/mgb-hmc-mining-permit-renewal-unlikely#ixzz4zWcdKM00
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