Energy & Mining

Philex Mining Corp., the country’s largest gold producer, reported an increase in mineral resources and stable proved reserves at its Padcal mine, as stronger copper and gold prices improved the project’s economic outlook.

Offshore wind is a long-term investment—not a quick fix—for the Philippines’ energy challenges, but one that can strengthen energy security, economic resilience, and domestic industry, according to the Global Wind Energy Council.

Fuel prices are set to rise sharply this week, with Jetti Petroleum Corp. announcing a one-time increase starting Tuesday. Gasoline prices will go up by ₱8 per liter, while diesel will increase by ₱18 per liter. The company said it can no longer spread adjustments over several days and will implement the hike all at once.

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is preparing to privatize the 70-megawatt Bakun hydroelectric power plant in Ilocos Sur by the third quarter of 2026.

Renewable energy firm Alternergy Holdings Corporation has begun commercial operations of its 5-megawatt Dupinga run-of-river hydro power plant in Gabaldon, Nueva Ecija, marking its second facility to go online this year.