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 [...]

Berong Nickel Corp., a unit of publicly-listed Atlas Consolidated Mining and Development Corp. is investing P1.2 billion to produce nickel in its Quezon, Palawan site.
Operations would start next month with total capacity of 1.47 million metric tons per year.
The project is a joint venture among Atlas, UK-based Toledo Mining Corp. plc (TMC) and Investika Ltd. [...]

ATLAS Consolidated Mining and Development Corp. said it had made its first shipment of nickel ore to China, sending 19,000 metric tons from its Berong mines in the western province of Palawan.
“This is a trial phase. This is the first shipment of laterite nickel ore that departed from the Berong anchorage,” Atlas president Alfredo Ramos [...]

TOLEDO Mining Corp. said that its Berong Nickel Project had been granted priority development status by the Mines and Geosciences Bureau (MGB) under the Mining Revitalization Program of the Philippines.
This means the company can expect full support for any government documents required and speedy resolution of any holdups in the developments of its mines.
CEO George [...]

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 [...]

After over a decade, 1,940 displaced workers of Atlas Consolidated Mining and Development Corp. (ACMDC) will receive their separation benefits from the company starting tomorrow.
A total of P101 million has been set aside as payment to the employees, who were part of a 12,000-strong workforce of what used to be Southeast Asia’s largest copper mine.
Rodrigo [...]