Atlas Consolidated Mining and Development Corp. said Monday its consolidated net income in 2006 declined to P47 million from P85.4 million a year earlier.
Income at parent level, however, was higher at P272 million on the back of retiring liabilities and market-to-market gain on restructured debt.
Alfredo Ramos, president and chairman of Atlas, said the company’s total [...]

THE mining industry expects to make a strong comeback this year driven by brisk investments, keen interest from major global players, higher commodity prices and more stable investment policies in place, a top industry official said.
“We’re off to a good start this year,” said Benjamin Philip Romualdez, president of the Chamber of Mines of the [...]

Australia and China will work together to balance China’s insatiable need for energy resources with growing concern about coal’s impact on the global environment.
The move to establish a clean coal technology working group came as Japan announced at the East Asia Summit in Cebu a $2.5 billion package to help its Asian neighbours develop energy-saving [...]

ATLAS Consolidated Mining and Development Corp. unit Carmen Copper Corp. has signed an agreement to buy more mining equipment worth five million dollars from Marubeni Corp. of Japan, Atlas said.
The agreement provides for a 40 percent down payment, the company said.
Last month, Carmen Copper bought mining equipment worth nine million dollars from Marubeni.
“The delivery of [...]

The Department of Energy will award in mid-July this year the contracts for the exploration of four oil and gas blocks that were offered during the second of the Philippine Contracting Round (PCR).
Energy Undersecretary Guillermo Balce told reporters Tuesday that the contracts are being prepared and will be awarded within next month, or more than [...]