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Atlas Consolidated posts FY23 net income of P1.1-B (down 65%)
Atlas Consolidated, a gold and copper mining company, posted an FY23 net income of P1.1 billion, which was 65% lower from its FY22 net income of P3.2 billion......»»
SBI s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24
New Delhi [India], May 9 (ANI): The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period. Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67,085 crore as against.....»»
Metal sector shines with record output
Higher gold and nickel output buoyed the country’s metal production to a record level of P249 billion in 2023, offsetting contractions in other commodity output......»»
Filinvest Development FY23 profit: P12.1-B (up 46%)
Filinvest Development, the Gotianun Family’s mid-tier conglomerate, posted an FY23 consolidated net income of P12.1 billion, up 46% from its FY22 consolidated net income of P8.3 billion......»»
Apex Mining profit grows 2% to P3.4 billion
Razon-led Apex Mining Co. Inc. grew its net income by two percent to P3.41 billion in 2023 from P3.34 billion in 2022 on the back of higher revenue brought about by better metal prices......»»
Apex Mining must be held accountable, says Lumad group
DAVAO CITY (MindaNews / 13 February)—An indigenous group has condemned Apex Mining Company for their apparent neglect of their workers and demanded that the firm be held accountable for the casualties during the February 6 landslide in Masara. “Why did Apex Mining company continue its 24-hour mining operations, using three shifts of workers, during the […].....»»
Legislator Urges DENR to Investigate Mining and Quarrying Activities in Catanduanes
Congressman Leo Rodriguez strongly encourages the leadership of the Department of Environment and Natural Resources (DENR) to investigate mining and quarrying activities in the province of Catanduanes. Despite the Provincial Board’s withdrawal of their resolution allowing small-scale carbon mining, the congressman hints at the authorities due to the lack of action on his complaints. According […] The post Legislator Urges DENR to Investigate Mining and Quarrying Activities in Catanduanes appeared first on Bicol Peryodiko......»»
Philex net income drops on lower metal output
The earnings of Philex Mining Corp. plunged by 70 percent to more than P110 million in the first quarter as revenues fell due to lower metal output......»»
Worker hurt by 4.2 tons of falling metal rods .
A construction worker was injured after 4.2 tons of metal rods fell from a crane at a construction site in Binondo, Manila yesterday morning......»»
Figaro quarterly profit up 7% y/y (121% q/q)
Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»
Prices
To most Filipinos, their No. 1 problem is prices – high prices. Of nearly everything. The rate of increase in prices is inflation. Most people don’t understand what inflation means. But they know when prices are high, or are exceedingly high......»»
PAL profit tumbles on price pressures
Flag carrier Philippine Airlines felt the shock of ballooning prices of fuel and services in the first quarter of the year, suffering a 13- percent drop in profit due to higher spending......»»
Traders, middlemen blamed for soaring commodity prices
The soaring prices of basic commodities in the market despite the wide gap in farmgate and retail prices are brought by as much as 200 percent profit of middlemen and traders, according to administration lawmakers......»»
DENR to shorten permit process for mining
The Department of Environment and Natural Resources plans to implement “parallel” processing of mining permits this year to shorten bureaucratic approval of prospective mining operations to as fast as one year......»»
Small-Scale Mining sa Barangay Obi, May Permit na mula sa DOE
Caramoran, Catanduanes – Mahigpit na tinututulan ng mga residente maging mayoriya ng Barangay Council ang panukalang Small-Scale Mining sa Barangay Obi, Caramoran, Catanduanes. Itoy matapos lumabas na ang sinasabing permit mula sa Department of Energy (DOE) na nakapangalan sa isang nagngangalang Adelbert Z. Almario. Si Almario ay tubong Barangay Mabini, Caramoran na nabigyan ng coal […] The post Small-Scale Mining sa Barangay Obi, May Permit na mula sa DOE appeared first on Bicol Peryodiko......»»
Royalty on mining operations outside reservations pushed
The Mines and Geosciences Bureau (MGB) said that mining operations outside mineral reservations must pay a royalty as part of the government’s rationalization of the country’s mining fiscal regime......»»
Charter change could worsen destructive mining impact
By DOMINIC GUTOMAN AND ZYSA MEI ELLORAN Bulatlat.com MANILA – For environmental defenders, the government’s push for charter change (cha-cha) could worsen the already dire impacts of destructive mining corporations on vulnerable communities. The Kalipunan ng Katutubong Mamamayan ng Pilipinas (Katribu) and Youth Advocates for Climate Action Philippines (YACAP) held a protest in front of… The post Charter change could worsen destructive mining impact appeared first on Bulatlat......»»
Abra Mining investors turning up the heat on SEC and PSE to resolve unlisted shares issue
Shareholders of Abra Mining, together with stockbroker Victor Dominquez, are seeking a Congressional inquiry into “the alleged failure of the SEC and PSE to formalize charges against the executives of Abra Mining...” for their role AR’s sale of shares which were unlisted and unregistered during the “basura” (garbage) stock frenzy that heated up in late 2020 and overboiled in early 2021......»»
Calls for probe, shutdown of mining firm grow after Davao de Oro landslide
'Apex Mining and other mining companies in Mindanao have clearly endangered the lives of hundreds,' says activist Jon Bonifacio of the Kalikasan People's Network for the Environment.....»»
Maco landslide: Apex Mining says 3 buses, jeepney waiting to shuttle workers accounted
DAVAO CITY (MindaNews / 10 February) – The three buses and a jeepney waiting for workers of Apex Mining Corp. were found buried in the landslide that hit Barangay Masara in Maco, Davao de Oro, the company said. In a statement sent to MindaNews Saturday, Ma. Teresa Lopez Pacis, Apex Mining assistant vice president for […].....»»