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Phinma Energy infuses P750 M into RE unit

MANILA, Philippines – Phinma Energy Corp......»»

Category: financeSource:  philstarRelated NewsJan 6th, 2017

All mines that give

The country’s biggest gold and copper producer, Philex Mining Corp., paid the municipality of Itogon in Benguet close to P30 million in real property tax (RP.....»»

Category: financeSource:  philstarRelated NewsJan 4th, 2017

Corporate News: SMIC cements control over Atlas Mining

SM INVESTMENTS Corp. of Henry S. Sy, Sr., the country's richest man, is cementing its control over Atlas Consolidated Mining and Development Corp. with the acquisition of new shares worth P1.24 billion in the listed miner......»»

Category: financeSource:  bworldonlineRelated NewsDec 20th, 2016

Energy innovation is focus of Gates-led $1 billion fund

Energy innovation is focus of Gates-led $1 billion fund.....»»

Category: newsSource:  rapplerRelated NewsDec 13th, 2016

Philex backs clear definition of responsible mining

Philex backs clear definition of responsible mining.....»»

Category: newsSource:  thestandardRelated NewsDec 3rd, 2016

Economy: Nov. investment pledges up 97% led by renewable energy -- BoI

THE Board of Investments (BoI) reported that investment pledges for November hit P28.5 billion, up from P14.4 billion a year earlier, on the strength of three big-ticket projects in renewable energy and manufacturing......»»

Category: financeSource:  bworldonlineRelated NewsNov 29th, 2016

Weaker peso a boost to Philex

MANILA, Philippines - Philex Mining Corp. is seen to gain from the weakening peso in terms of higher  earnings......»»

Category: financeSource:  philstarRelated NewsNov 26th, 2016

Weakening peso 'positive' for Philex Mining, PLDT

Weakening peso 'positive' for Philex Mining, PLDT.....»»

Category: newsSource:  rapplerRelated NewsNov 25th, 2016

Philex earnings jump 76% in 9 months

MANILA, Philippines - Pangilinan-led Philex Mining Corp......»»

Category: financeSource:  philstarRelated NewsOct 27th, 2016

P80-B subsidy needed to lower PH power rates

The government will need to shell out at least P80 billion in annual subsidy for the power sector to gain that leverage of lowering rates to the level of the subsidized energy markets of Asian neighbors......»»

Category: newsSource: NewsOct 23rd, 2016

Ayala energy investments to double: P80 B

AC Energy Holdings, Inc., the energy development arm of Ayala Corporation, is concretizing greenfield project blueprints as well as mergers and acquisitions in its bid to double power investments to about P80 billion in the next five years, roughly P40-bi.....»»

Category: newsSource: NewsOct 19th, 2016

PH cannot afford to lose mining investments – MGB

Mines and Geosciences Bureau (MGB) Director Mario Luis Jacinto yesterday admitted the country cannot yet afford to lose mining investments, which currently stand at P282 billion as of last year of which P78 billion have either been suspended or at risk o.....»»

Category: newsSource: NewsOct 11th, 2016

Noble Group agrees $1.05 billion sale of U.S. unit in planned move to cut debt

Singapore-listed commodities trader Noble Group agreed to sell its North American energy distribution unit to U.S. firm Calpine Corp for $1.05 billion, moving a step closer to completing a restructuring to raise $2 billion to help cut debt......»»

Category: newsSource: NewsOct 10th, 2016

Economy: FiT, LNG project considered for funding by EU

THE feed-in-tariff allowance, a fund collected from electricity consumers and given to renewable energy developers, is among the energy-related outlays that the Department of Energy (DoE) is considering for the P3-billion aid extended by the European Unio.....»»

Category: financeSource:  bworldonlineRelated NewsOct 9th, 2016

DOE hopes to get P2.7-B budget next year for priority projects

The Department of Energy (DOE) is hoping that its proposed budget of P2.7 billion for next year would be approved in order to bankroll its priority projects at the same time ensure that it continuously perform its mandate as the agency tasked to regulate .....»»

Category: newsSource: NewsOct 6th, 2016

Malampaya fund use to retire PSALM debts draws opposition

Some members of Congress are reportedly not receptive to the proposal of the Department of Energy (DOE) to re-align the Malampaya fund to retire the whopping P245-billion residual debts of the Power Sector Assets and Liabilities Management Corporation (PS.....»»

Category: newsSource: NewsSep 28th, 2016

COA asked to revise decision on P151-B Malampaya tax case

The Department of Energy (DOE) is urging the Commission on Audit (COA) to revise its decision on the multi-billion Malampaya arbitration tax case as it "simply misconstrued, misapplied, and ultimately, disregarded" certain Presidential Decrees (PD)......»»

Category: newsSource: NewsSep 26th, 2016

New petroleum service contracts unlikely – DOE

The current energy leadership will not recommend the signing of any new petroleum service contracts until after the multi-billion Malampaya tax case is resolved......»»

Category: newsSource: NewsSep 25th, 2016

Semirara compliant with environmental rules – DOE

MANILA, Philippines – The Department of Energy (DOE) has cleared Consunji-led Semirara Mining and Power Corp......»»

Category: financeSource:  philstarRelated NewsSep 24th, 2016

DOE clears Semirara Mining coal operations of toxicity

The Semirara Mining and Power Corporation (SMPC) has been cleared by the Department of Energy (DOE) on raps against environmental breach on its operations......»»

Category: newsSource: NewsSep 23rd, 2016