Energy & Mining

Alsons Consolidated Resources Inc., the listed energy arm of the Alcantara Group, posted stronger first-quarter earnings as rising electricity demand in Mindanao and improved power trading offset mounting global economic uncertainty.

The Luzon and Visayas power grids remained under red and yellow alerts on Thursday as electricity demand continued to exceed available supply due to power plant outages and extreme heat-driven consumption.

Vivant Corp. kept first-quarter core earnings largely steady as resilient on-grid power assets and a growing water business helped offset weaker performance from its off-grid operations.

Goldilocks Bakeshop has partnered with First Gen to operate a new solar power facility for its production plant in Lapu-Lapu City, Cebu, marking a major step in the bakery chain’s sustainability efforts.

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.