PMEA Blog

Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the noon close in Manila.
The Philippine Stock Exchange Index climbed 3.2 percent to 4,290.14, gaining for the first time in four days. Today’s rally was the steepest since Dec. 2.
Miners: Philex Mining Corp. (PX) […]

THE Alliance of Responsible Miners of Region (Armor)-Eastern Visayas will hold its grand launching on August 10 at the Leyte Park Resort Hotel in Tacloban City.
The event will also showcase various mining practices carried out by mining firms in the region.
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Armor-Eastern Visayas said that presentations […]

AN EVANGELSIT has called on the leaders of South Cotabato’s Catholic Church to be open to the modern ways of mining, citing the impact of the Tampakan project on the local community and the world.
“The Catholic Church’s opposition to the open-pit mining method is only a matter of adjusting to the modern concept of responsible […]

BUTUAN CITY, Philippines – Mining companies in the Caraga Region have been asked to support the National Greening Program (NGP) of President Aquino by being actively involved in the tree planting activities of the Department of Environment and Natural Resources (DENR).
DENR Region 13 Executive Director Leonardo R. Sibbaluca made the request even as the local […]

MANILA, Philippines — A mining group is confident of the government’s support for mining amid calls to ban it in Palawan, but it has pressed for stricter regulations amid increasing mining investments seen to reach to $15.3 billion by 2018.
Chamber of Mines of the Philippines (CMP) President Benjamin Philip Romualdez said he was confident that […]

Chinese-owned mining company, Minerals and Metals Group (MMG), has implemented Hewlett Packard’s (HP) hybrid Cloud to overhaul its IT infrastructure as the company prepares for expansion into mineral rich countries over the next three years.
MMG’s Melbourne-based chief information officer, Peter McLure, said that as it planned to enter markets such as Africa and South America, […]

MANILA, Philippines (UPDATE) - State-run Social Security System (SSS) plans to increase its investments in the equities market by up to P20 billion and is looking at energy and mining stocks.
SSS president and CEO Emilio de Quiros Jr. said the agency will raise its equity holdings to 30% of its entire investable funds from the […]

BAGUIO CITY – This was supposed to be the year when one of the country’s oldest mines in Benguet should have stopped operations.
In 2006, Philex Mining Corp. put together a closure program that would shut down in five years its Padcal mine in Benguet after 56 years of operations.
Philex is arguably the only old mine […]

(Reuters) - Philippine conglomerate SM Investments Corp said on Friday it will acquire 17.9 percent stake in Atlas Consolidated Mining Corp via a private placement worth $142 million, signalling its entry into the Southeast Asian country’s minerals sector.
The buy-in would allow SM, owned by the Philippines’ richest man Henry Sy, to take advantage of opportunities […]

MANILA, Philippines—SM Investment Corp., the flagship holding company of tycoon Henry Sy, is diversifying into the mining business by buying into Atlas Consolidated Mining & Development Corp.
The board of SM Investments approved Friday an investment of $142.2 million in Atlas that will be equivalent to 17.9 percent of the mining company’s enlarged capital upon the […]