Energy & Mining

The Power Sector Assets and Liabilities Management Corp. (PSALM) confirmed Thursday that a consortium led by San Miguel Corp. has submitted an unsolicited proposal to rehabilitate the Agus-Pulangi hydroelectric complex in Mindanao, marking a major milestone in the government’s long-running effort to modernize and privatize one of the country’s largest remaining state-owned power assets.

McDonald’s Philippines is expanding its electricity supply partnership with COREnergy to 23 more restaurants in the Visayas and Mindanao, seeking to lower power costs and make a major operating expense more predictable as it grows its nationwide network.

DMCI Mining Inc. expects its Long Point nickel project in this coastal town of Palawan to become a major revenue driver as production builds up at a mineral resource far larger and potentially richer than its recently decommissioned Berong Nickel Mine.

A mine may eventually run out of ore, but for a responsible mining company, the job does not end when the last truck delivers the final haul.

Manila Electric Co. (Meralco) is pursuing an aggressive anti-electricity pilferage campaign in a bid to ensure stability and reliability of its distribution network, while promoting public safety.