Price Earnings Ratio: A Guide for Investors

If you are new in investing in the stock market it is easy to be amused how relatively easy it is to make a profit “buy a company when its stock price is low and sell when prices go up”. So as common sense suggests, the most important question to ask yourself when you are […]

Government selling stakes in 4 gold, copper and nickel mines

The Philippines will sell stakes in mining holdings as President Aquino seeks to nudge forward efforts to boost investment after two years in office. The government will auction stakes in four nickel, copper and gold mines, as well as shares in Semirara Mining Corp. (SCC), said Karen Singson, executive director of the Privatization and Management […]

Philex Mining sees lower profits on Padcal suspension

PHILEX Mining Corp. is expecting slashed profits for the year following the suspension of its Padcal mine in Benguet last week due to leakage from its tailings pond, a disclosure to the Philippine Stock Exchange on Thursday showed. The company said that “operations at its Padcal mine will remain suspended until such time that the […]

Philex Mining reports sharp decline in H1 net income

MANILA, Philippines—Philex Mining Corp., the country’s largest gold and copper producer, suffered a 26-percent decline in its core net income in the first half of 2012, netting P2.1 billion compared with P2.84 billion a year ago, due mainly to lower gold output. In a disclosure to the Philippine Stock Exchange, Philex explained that gold production […]

Coal Asia offers IPO shares at par value

MANILA, Philippines – Coal Asia Holdings, which holds the country’s second-largest coal reserves, said its initial public offering (IPO) will list 800 million shares on the Philippine Stock Exchange’s (PSE) first board by the fourth quarter of 2012. In a statement, Coal Asia chairman Harald Tomintz said the IPO will be priced at par value, […]

Coal Asia to hold P800M IPO

Coal Asia Holdings, holder of the country’s second-largest coal reserves, is planning to debut on the Philippine Stock Exchange with an initial public offering worth P800 million before the end of the year. Coal Asia plans to offer 800 million primary common shares, equivalent to 20 percent of its total shares, to the public at […]

Key provisions of Philippine mining policy

MANILA: Philippines has said it will not grant new mining contracts until Congress approves a proposal to impose royalties on industry operators, as the Southeast Asian nation seeks to increase its share of mining revenues. President Benigno Aquino has signed a long-awaited executive order (EO) that is also aimed at addressing concern over environmental damage […]

Phoenix board OK’s P500M convertible notes issuance

phoenix petroleum

Publicly listed Phoenix Petroleum Philippines has gotten last week the approval of its board for the issuance of P500 million in convertible notes, with warrants worth P180 million. The notes with warrants will be issued to BDO Universal Bank. The P180-million warrant gives BDO the option to buy P180 million worth of stocks after three […]

Phoenix Petroleum to issue P500-M in notes for capital

bonds

Independent oil company Phoenix Petroleum Philippines will issue P500 million convertible notes with a warrant offering amounting to P180 million under Banco de Oro Universal Bank, Phoenix said Monday. The corporate notes are exempted from registration with the Securities and Exchange Commission, the firm noted in a statement with the Philippine Stock Exchange. The corporate […]

Philippines president signs mining policy

MANILA: Philippine President Benigno Aquino has signed a new executive order spelling out the government’s policy on mining, a move that will influence the development of $12 billion worth of new projects over the next five years, officials said. The signing ends months of waiting by a mining industry frustrated over a moratorium on new […]