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ASX to rise, S&P 500 rally stalls

Australian shares are set to open higher after the Christmas break, however the S&P 500’s record run may be snapped. Bitcoin tumbled below $US48,000.

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Philippines ends open pit mining ban to reinvigorate industry

MANILA: The Philippines has lifted a four-year-old ban on open-pit mining for copper, gold, silver and complex ores, an official said on Tuesday, marking the second landmark policy move this year as the government tries to revitalise the industry. Environment and Natural Resources Secretary Roy Cimatu has signed an administrative order lifting the ban, Mines and Geosciences

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MGB eyes higher gold and silver production

The Mines and Geosciences Bureau (MGB) is eyeing increased production in gold and silver amid plans to fast-track the declaration of more Minahang Bayan areas across different parts of the country.
In a statement, MGB, an attached agency to the Department of Environment and Natural Resources (DENR)

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DOF orders release of mining audit report

DOF orders release of mining audit report
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DOF orders full disclosure of mining review report | Bernadette D. Nicolas

FINANCE Secretary Carlos G. Dominguez III ordered the publication of a report on the comprehensive review of large-scale metallic mines across the country, which found most of them hurdling legal and technical aspects of the audit, but still needing major reforms in the environmental, social, and economic aspects of their…

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DENR to keep nationwide ban on open-pit mining

The Department of Environment and Natural Resources (DENR) opted to keep the nationwide ban on open-pit mines amid the clamor of environmental groups. This was after the government agency attempted to insert a provision in the implementing rules and regulations (IRR) of Executive Order 130 that woul

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PH gov't declares two new Minahang Bayan areas in CAR – Manila Bulletin

Published July 12, 2021, 2:41 PM
The government has declared two Minahang Bayan (MB) areas in Cordillera Administrative Region (CAR) covering a combined mining area of 50 hectares.
In two separate announcements, Mines and Geosciences Bureau (MGB) in CAR said that the Provincial Mining and Regulatory Board of Abra (PMRB-Abra) recently declared the first-ever MB area in Abra almost four years since its application with the government was lodged.
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A month prior to this, PMRB of Benguet Province also signed a resolution declaring an MB in Tuba, Benguet.
An MB is an area in the Philippines where small-scale mining (SSM) operations can legally operate.

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EO 130 IRR ready for DENR chief signing – Manila Bulletin

The final draft implementing rules and regulations (IRR) of Executive Order (EO) 130 is now awaiting the signature of Environment Secretary Roy Cimatu, according to Mines and Geosciences Bureau's (MGB) top official. This is more than two months since President Rodrigo Duterte signed EO 130, which am

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Villafuerte backs DENR plan to allow open-pit mining

Camarines Sur Representative Luis Raymund "LRay" Villafuerte on Saturday, June 12, supported the government's plan to lift the ban on open-pit mining.
Villafuerte said such a mining method must be anchored on responsible and sustainable practices -- given the exigency of creating new jobs and revit

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Philippine mines bureau boss sees end to open-pit mining ban soon

Philippine mines bureau boss sees end to open-pit mining ban soon
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