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FMIC Profits Can Reach 3B

First Metro Investment Corp. (FMIC) stated that its profit for 2014 could be as much as Php3 billion.

FMIC President Roberto Juanchito T. Dispo noted that the firm will probably hurdle Php2.5 to Php3 billion for 2014 which is the range of income the firm normally produces.

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SCC Anticipates Higher Net Income

Semirara Mining Corp. (SCC) is anticipating its consolidated net income to double in the first quarter to Php2 billion, compared to the Php1 billion in the first quarter of 2013.

According to Semirara Vice-President and Chief Finance Officer Junalina S. Tabor, the growth drivers would primarily be from the coal business since the company has resumed mining operations, producing higher volume and reduced costs.

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DMCI Holdings Acquires Mining Company

DMCI Holdings, Inc. has recently acquired a 40% stake of D&A Income Ltd. in ENK Plc., a London-based company which has interests in nickel mining projects in the country, for a purchase price of GBP42.03 million.

This transaction will effectively bring DMCI’s total stake to 100%. Currently, ENK Plc. has two adjacent nickel-cobalt project in Zambales.

philex5 DMCI Holdings Acquires Mining Company Read the rest of this entry »

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