Energy & Mining
Philex flags recovery path as Silangan nears launch
Philex Mining Corporation (PSE: PX) opened 2026 with a weaker first-quarter performance but pointed to improving operations ahead, as restoration works at its Padcal mine progress and its long-delayed Silangan project moves closer to production.
ACEN funds battery project with internal loan
ACEN Corp., the renewable energy arm of the Ayala Group, has extended a short-term loan of up to P850 million to its wholly owned subsidiary, Palauig Solar 1 Inc., to support the rollout of a battery energy storage project in Zambales.
ADB launches financing facility to power critical minerals value
The Asian Development Bank (ADB) has launched a new financing facility aimed at helping countries in Asia and the Pacific move up the value chain in critical minerals, a sector seen as central to clean energy, electric vehicles, and digital technologies.
Fuel prices seen to rise this week after weeks of cuts
Fuel prices in the Philippines are expected to increase next week, ending three straight weeks of big price rollbacks, a local fuel retailer said.
Public scoping set for P800M iron mining project in Ilocos Norte
The Department of Environment and Natural Resources (DENR), through its Environmental Management Bureau (EMB), has scheduled a public scoping on May 11, 2026 for a proposed P800-million iron mining project in Piddig, Ilocos Norte.
