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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.
This is a list of the largest mining companies in terms of revenue (in US billion dollars) as ranked by Investopedia in 2023. [1] No. Company Revenue (billion US dollars)
The Padcal tailings spills of August–September 2012 were a series of mine tailings spills from Tailings Pond 3 of the Philex Mining Corporation's Padcal mine in Benguet Province, Philippines. The incident began on August 1, 2012, with a massive release on the order of 5 million tonnes or 3 million cubic meters of water and tailings from a ...
The company's principal project is the Bisie mine, the world's highest-grade tin mine. In 2024, Alphamin achieved record quarterly tin production, in excess of 4,000 tons, staying on track to its ...
When the government opened the Fourth Philippine Energy Contracting Round, the Philodrill Corporation formed consortium with Philex Mining Corporation, Philex Petroleum Corporation, and Pitkin Petroleum Plc of UK in 2012. to bid for new oil and gas blocks. [8] Public ownership of the company was at 47.78%. [9]
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
Poverty incidence of Itogon 2.5 5 7.5 10 12.5 15 2006 5.80 2009 8.94 2012 4.76 2015 6.32 2018 6.88 2021 14.44 Source: Philippine Statistics Authority Itogon's main source of livelihood is mining. Secondary to mining is agriculture. Major mining companies which operate in the town include Benguet Corporation, Philex Mining Corporation, Atok Big Wedge Mining Company (now called Atok Gold Mining ...
IBM sued the Malta, N.Y.-based company in New York state court in 2021 for allegedly breaking a $1.5 billion contract to make high-performance chips for IBM. GlobalFoundries, which is majority ...