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The PSE Mining and Oil Index is the sub-index of the Philippine Stock Exchange for mining and oil companies. It is one of the six sub-indices of the PSE that provide a useful measurement of sectoral performance. [1] Lepanto Consolidated Mining Company and Philex Mining Corporation used to be listed in the PSE until their removal in the 2010s.
The latest government figures show that the Philippines, a major supplier of nickel ore to top metals consumer China, produced 35.14 million dry metric tons last year, an increase of 19% on the year.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
October 1 – The Manila Regional Trial Court Branch 11 convicts 10 members of the Aegis Juris fraternity for the 2017 hazing death of Atio Castillo and sentences them to life imprisonment. [ 276 ] October 2 – President Marcos signs into law Republic Act No. 12023, imposing a 12% value-added tax (VAT) on foreign digital service providers .
Wellex Industries, Inc. is a Filipino company engaged in mining and oil exploration in the Philippines. Currently headquartered in Ortigas Center, Pasig City, it is one of The Wellex Group's six major business segments. [2] The company was founded in October 1956 as Republic Resources and Development Corporation (also known as REDECO).
Precious metals and miners are consolidating before their next advance. Gold could reach $1700+ by March, and we see explosive potential in silver.
The death toll from a massive landslide that hit a gold-mining village in the southern Philippines has risen to 54 with 63 people still missing, authorities said Sunday. ... February 11, 2024 at 6 ...
The Semirara Mining and Power Corporation (SMPC) is a mining company based in the Philippines. The company, a subsidiary of DMCI Holdings , operates its main coal mine in Semirara Island and is the biggest coal producer in the Philippines accounting for 92 percent of the total national production as of 2015.