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Top News In Philippine Mining Development Today - Breaking & Trending Today

Apex confident of hitting Maco mineâ€™s maximum capacity

Listed Apex Mining Co. Inc. is confident of reaching the maximum throughput capacity in a decade at its Maco mine in Davao de Oro following the takeover of Asia Alliance Mining Resources Corp. ....

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Apex acquires Asia Alliance Mining for $81.5 million

Apex Mining Co. Inc. is taking over Asia Alliance Mining Resources Corp. for $81.5 million, allowing it to expand its mining operations in Davao de Oro. ....

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Mine output rises 36% to P49 billion in 3 months

The value of the country’s metallic production continued its double-digit growth in the first quarter of the year, driven by bullish metal prices and the increase in the mine output of gold, silver, and copper, the Mines and Geosciences Bureau said. ....

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MGB updating list of gov't mining assets ahead of disposal

MGB updating list of gov't mining assets ahead of disposal
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Gov't-owned firms remit P160.62B to Treasury —DOF

By TED CORDERO, GMA News
Published January 1, 2021 12:23pm
Government-owned or -controlled corporations (GOCCs) remitted a total of P160.62 billion to the Bureau of the Treasury (BTr) as of December 15, 2020, according to the Department of Finance (DOF).
In a statement, the DOF said the GOCCs’ remittances will help fund the government’s continuing efforts to curb the spread of COVID-19 and provide economic relief to pandemic-hit businesses and individuals.
Of the P160.62-billion remitted to the Treasury, P133.50 billion represents the cash dividends from 55 GOCCs as mandated under Republic Act (RA) No. 7656 or the Dividends Law.
The RA 7656 requires GOCCs to remit at least 50% of their net earnings to the National Government (NG). ....

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