PMEA Blog

MANILA, Philippines - Conglomerate First Pacific Co. Ltd. is looking to acquire gold and coal assets in Indonesia, managing director and chief executive officer Manuel V. Pangilinan said last week.
The move comes more than a year after First Pacific effectively gained control of Philex Mining Corp., the Philippines’ biggest gold producer. If successful, it could […]

Donnabelle L. Gatdula (The Philippine Star)
MANILA, Philippines - Titan Exploration and Development Corp. (TEDC), the biggest coal mining operator in Mindanao, has bagged five more coal contracts which could potentially generate 200 million metric tons of high grade coal reserves worth P1.5 billion.
The projects, which will open up about 18,000 new jobs in Mindanao […]

Paul Anthony A. Isla / Reporter
IN encouraging coal developers to participate in the exploration of coal resources, the Department of Energy (DOE) said it will offer more coal-development contracts to ensure adequate, sustainable and affordable source of energy.
Energy Secretary Angelo Reyes said the Philippines has a vast potential for coal resources and is just awaiting […]

By Fernan Gianan, Amy R. Remo
Inquirer Southern Luzon, Philippine Daily Inquirer
MANILA, Philippines—Monte Oro Resources & Energy Inc. abandoned its search for coal in Catanduanes province as early as last year, the company said Tuesday.
“Based on our exploration program which has been completed, we do not consider the potential sufficient to our proceeding with the next […]

Philippine Daily Inquirer
MANILA, Philippines—Environment groups may be strongly opposed to its use, but coal is likely to remain the fuel of choice for power generation due mainly to its abundance and relatively lower price as compared to other fuel types.
The Philippine Energy Plan, which aims to reduce coal imports by 20 percent and encourage local […]

From: in.reuters.com
By Karen Lema
MANILA, Aug 12 (Reuters) - Semirara Mining Corp, the Philippines’ largest coal producer, expects its net profit to rise more than 20 percent this year and coal revenues to jump as much as 56 percent mainly due to higher coal prices and increased exports, the company’s chief executive said on Tuesday.
Semirara hopes […]

From: uk.reuters.com
MANILA, Aug 1 (Reuters) - Semirara Mining Corp, the Philippines’ largest coal producer, said on Friday it expects its coal shipments to increase by over 25 percent next year from this year.
The company, a unit of Philippine conglomerate DMCI Holdings Inc, told the Philippine Stock Exchange it expects coal export sales to reach more […]

From: uk.reuters.com
MANILA, May 6 (Reuters) - Semirara Mining Corp (SCC.PS: Quote, Profile, Research), the Philippines’ largest coal producer, said on Tuesday it plans to expand annual capacity by 500,000 tonnes starting this year to meet rising overseas demand.
The company, a unit of Philippine conglomerate DMCI Holdings Inc (DMC.PS: Quote, Profile, Research), said it expects coal […]

From: Inquirer
By Elizabeth Sanchez-Lacson
PHILEX Mining Corp. is diversifying into new businesses after saying it has spent $5 million to acquire a 46-percent stake in a Canadian company with oil and gas properties.
In a disclosure last Friday, Philex vice president for finance Renato Migrino said Philex Mining bought through a private placement 200 million shares of […]