Energy & Mining
Apex profit surges, plans $300M copper project
Apex Mining Co. Inc. nearly doubled first-quarter earnings as soaring gold prices offset weaker production, while the listed miner unveiled an aggressive capital spending program anchored on a planned USD300-million copper project and the expansion of its Maco mine operations.
Luzon, Visayas grids hit by power alerts
The power grids in Luzon and Visayas were placed under yellow and red alerts on Wednesday after several power plants went offline and electricity demand surged.
Philippine electric cooperative reforms face critical review
The Philippine Competition Commission (PCC), in coordination with the National Electrification Administration (NEA), is calling for a careful reassessment of proposed reforms to the ownership structure of electric cooperatives (ECs), as legislative franchises near expiration over the next five years.
Meralco lowers May power rates slightly
The Manila Electric Co. (Meralco) announced a modest decrease of P0.0151 per kWh in electricity rates for May, bringing the typical household rate to P14.3345 per kWh, down from P14.3496 in April.
Meralco expands solar initiatives across facilities nationwide
Manila Electric Co. (Meralco) has reaffirmed its commitment to sustainability, highlighting ongoing solar rooftop installations across its facilities as part of a broader energy efficiency and environmental strategy.
