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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 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 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.
President Marcos signs into law Republic Acts No. 12064 or the Philippine Maritime Zones Act, defining the Philippines' maritime jurisdiction and rights within the said territory, and 12065 or the Philippine Archipelagic Sea Lanes Act, establishing three archipelagic sea lanes to be opened for use by foreign ships and aircraft transiting ...
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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
President Rodrigo Duterte discusses matters with Energy Secretary Alfonso Cusi on the sidelines of the oil and gas production ceremonial commencement on May 19, 2018.. In 2009, China International Mining Petroleum Co. Ltd. (CIMP Co. Ltd.) was granted Petroleum Service Contract No. 49 allowing the firm to explore and drill oil in Alegria. [6]