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Philippine Mining Stocks - Good year in 2020?

US$4.26 Billion in 2018 Exports of minerals in 2018.

Copper, gold and nickel are the country’s top mineral exports. Japan, Australia, Canada and China are the major destinations.

Miners could benefit from strong Copper prices in 2020 - after relative weakness since 2016

PSEI (& FCX) vs. Apex (APX), Philex (PX) Mining ... update: All: 10yr: 5yr: 2yr: 1yr: 6mo: 10d / from 1/2014:

YE-2019: 7,815, $13.03 (.167%), 0.99 (.0127%), 2.83 (.0362%)

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Many expect stronger Copper & Gold prices in 2020: end Dec.2019: about $2.82, Gold: $1,514

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(from Below):

SIX are selling Below Book Value -versus Nickel Asia (which has almost $1Billion MktCap)

Sym.: Mining co.- : ShsOS: MkCap /50-Usd BkVal: Pr/BV 12/27: 01/05/ Earns: PER : Div.: Yield::
AT.    : Atlas Mining: 3.56 B : 8.90B : $178.m: P9.95: 25.1%: P2.50: P2.50/ (0.48): r-n/a: 0.00: -N/A -
BC.   : Benguet Con: 616.M : 696.M: $13.9m: P6.39: 17.7%: P1.13: P1.20/ P0.24: r5.03: 0.00: -N/A -
LC.    : Lepanto, A - : 69.2 B : 6.29 B: $126.m: P0.10: 91.0%: 0.091: 0.105/ (0.01):  r-n/a: 0.00: -N/A -
Marc: Marc Vent.s : 3.12 B : 3.05 B: $61.0m: P1.25: 78.1%:  P0.98: P0.95/ (0.13): r-n/a: 0.00: -N/A -
ORE : Oriental Pen. : 2.81 B : 2.11 B: $42.2m: P2.31: 32.5%: P0.75: P0.70/  0.000: r-n/a: 0.00: -N/A -
PX.   : PhilexMining: 4.74 B : 13.4 B: $268.m: P4.88: 58.0%: P2.83: P3.19/ 0.100: r33.0: 0.00: -N/A -
NKL : Nickel Asia -: 13.7 B : 46.4 B: $928.m: P2.25: 151.%: P3.39: P3.06/ 0.100: r30.5: 0.07: 2.29%
====

Three Stocks versus NIKL, Nickel Asia

#1: NIKL-vs: AT, BC, LC … fr.1/2016: nov.'18: 5yr: 2yr: 1yr: 6mo: 10d/

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#2: NIKL-vs: MARC, ORE, PX … fr.1/2016: nov.'18: 5yr: 2yr: 1yr: 6mo: 10d/

XdnZs4q.gif

===

PSEI : 7,815, $13.03 (.167%), 0.99 (.0127%), 2.83 (.0362%)
Ye’18:
Ye’17:
Ye’16:
Ye’15:

=====

> Copper Prices / see: COPPER Cycles thread:

> PH Geosciences Profile : http://mgb.gov.ph/attachments/article/162/mining facts and figures updated March 2019.pdf

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DELAYS, suspensions, Restarts... are a big factor in PH mining

Mar 22, 2019 - Philippine copper and gold producer Philex Mining Corp on Friday said the start of output at its Silangan mine in the south of the country would ...
 
/ 2 /
Oct 25, 2019 - DENR logo. MANILA — The Philippine mining regulator has recommended lifting a three-year suspension ...
The environmental compliance certificate (ECC) for the Tampakan copper-gold project has been suspended by the ...
 
/ 3 /

The Philippines' Largely Untapped Mining Potential

Not all of the distaste for mining that opponents express about the Didipio mine can be laid at the feet of OceanaGold. Hard rock mineral mining in the Philippines, as it is almost everywhere else in the world, is not only a threat to the environment and a hardship for residents—it is also an ordeal for mining companies, investors, financiers, contractors, and customers.

Developers probe and produce where minerals lie. The islands that rise from the Pacific to form the Philippines are the product of molten magma, which boiled up near the beginning of planetary time, collided in great tectonic shifting, and cooled in trenches and thick zones of sediment. The volcanic flows and colliding plates contained deposits of gold and copper and nickel that eons later Filipino citizens and modern-day geologists discovered in alluring abundance. The Philippine Bureau of Mines and Geosciences values that mineral treasure trove at nearly $1 trillion.

But tapping into the rich veins of copper, gold, nickel, and other metals, a powerful lure during Spanish colonization of the Philippines, has proved to be one of the seminal cultural and economic struggles since an independent democracy was established in 1946. The world's big and small mining companies arrived at the invitation of the Philippines government to stake out gold and copper claims in northern Luzon. Reserves of nickel and copper lay on Mindanao and smaller outlying islands.

The mineral feast that the Philippines anticipated, though, has not materialized. Like the fires that strip gold and copper and nickel ores of impurities, the reasons behind the fractious Philippines mining struggle are heated in a crucible of conflicting forces. Two are especially significant.

> https://psmag.com/social-justice/mining-company-interested-in-the-philippines-precious-metal-resources

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Apex Mining (APX): Gold & Silver

Apex Mining (APX), Philex (PX) Mining ... All: 10yr: 5yrW: 5yr: 2yr: 1yr: 6mo: 10d / from 1/2014: 1/2016:

YE-2019: 7,815, $13.03 (.167%), 0.99 (.0127%), 2.83 (.0362%)

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APX - from 1/2014: 1/2016:

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Apex income (was) down 53% to P257 million (in 2018)

 
Louise Maureen Simeon (The Philippine Star) - April 16, 2019 - 12:00am

MANILA, Philippines — Listed Apex Mining Co. Inc. reported a consolidated net income of P257 million last year, down 53 percent from 2017 despite higher production output.

In a regulatory filing, Apex said revenues increased 13 percent to P4.7 billion, largely due to continued improvement of its Maco mine operations and increased production.

Apex no longer has the benefit of the tax shield from previous years’ carry over losses it had until 2017.

Mill throughput of the Maco mine reached 609,604 metric tons (MT) or  an average of 1,789 MT per day.

Gold production rose 17 percent to 70,564 ounce, while silver output increased four percent to 328,797 ounces.

The higher production slightly offset lower global prices as metal prices averaged at $1,260 per ounce for gold, down by almost one percent, and $15.49 per ounce for silver or nine percent lower.

Mill recovery rate was at its highest at 84.8 percent compared to 82.8 percent in 2017.

Ore grade likewise averaged higher at 4.25 grams from 3.9 grams per MT of gold a year ago.

Meanwhile, rehabilitation of the Sangilo mine of its wholly owned subsidiary Itogon-Suyoc Resources Inc. remains in progress.

The short-term objective is to complete the initial 200 MT per day project by the end of the year from which point the mine will commence to undertake the development of the next 200 MT.

The long-term program is for an installed capacity of 1,900 MT per day in five years’ time.

> more: https://www.philstar.com/business/2019/04/16/1910301/apex-mining-income-down-53-p257-million

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Philex Mining (PX)

Apex Mining (APX), Philex (PX) Mining ... All: 10yr: 5yrW: 5yr: 2yr: 1yr: 6mo: 10d / from 1/2014: 1/2016:

YE-2019: 7,815, $13.03 (.167%), 0.99 (.0127%), 2.83 (.0362%)



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Others?: 

BC?/Benguet :  All: xx

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NIKL?/Nickel Asia : All: xx

xx

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Other PH mining co’s:
Grp.#1: Atok (AB), Atlas Mining (AT), Century Peak (CPM),
Grp.#2: FerroNickel (FNI), GeoGrace (GEO), Lepanto A (LC, LCB),
Grp.#3: MarcVentures (MARC), Nihao (NI), Nickel Asia (NIKL),
Grp.#4: Oriental Peninsula (ORE), United Paragon (UPM)
=====
Nickel: Nickel Asia (NIKL), Nihao (NI), FerroNickel (FNI)
=====

From above, here are some charts I like:

Atok (AB),

xx

Atlas Mining (AT)

xx

FerroNickel (FNI)

xx

 

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Nickel Mining Companies in the Philippines

Only Nickel Asia has nickel processing facilities

Nickel Asia (NIKL), Nihao (NI), FerroNickel (FNI) : all: 10yr: 5yr: 2yr: 1yr: 6mo: 10d /
=====

Nickel: Nickel Asia (NIKL), Nihao (NI), Globa FerroNickel (FNI) : All: 10yr: 5yr: 2yr: 1yr: 6mo: 10d /

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: 6mo: 10d /

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MARCVENTURES HOLDINGS , INC./  Top Stockholders As of 09/30/2019
Rank   Name ———————————————                       Holdings : Pct.

1 PCD NOMINEE CORPORATION (FILIPINO).        2,113,618,793 : 70.11%
2 RYM BUSINESS MANAGEMENT CORPORATION  377,999,946 : 12.54%
3 PCD NOMINEE CORP. (NON-FILIPINO).                  144,653,058 : 04.80%
4 STINSON PROPERTIES INC.                                        87,834,569 : 02.91%
                                                                                                    / Top 4 :  90%, approx
> more shareholders: https://www.marcventuresholdings.com/top_100_stockholders_list
=====

Nickel miner Marcventures eyes third processing plant in Philippines

Marcventures Holdings, one of the Philippines’ biggest nickel miners, has said it was considering building a processing plant and acquiring a mining company to boost output and exports.

If the plan to build a nickel refinery proceeded, the plant would be the country’s third.

. . . The company’s board had granted company president, Isidro Alcantara, the authority “to seek potential investments in establishing a nickel processing plant in the Philippines” it told Manila’s stock exchange.

The statement also said the company would look into acquiring a mining company or property to supply additional ore for the processing plant.

Local nickel ore producers have become the biggest suppliers to top consumer China after Indonesia imposed a ban on metal ore exports in 2014.

The Philippines has 27 nickel mines with a combined annual output worth more than $1 billion, but only one miner, Nickel Asia Corp, has processing plants.

Nickel Asia partly owns the country’s first plant, which has an annual capacity of 24,000 tonnes of contained nickel, while the second, also partly owned by Japan’s Sumitomo Metal Mining Co Ltd, has an annual capacity of 51,000 tonnes of mixed nickel-cobalt sulfide.

Bills have been filed in the Philippine Congress seeking to impose an Indonesia-style ban on exports of unprocessed metal ores, but one of the backers said the measure might not be implemented for about seven years if it were to become law.

Proponents want miners to build domestic processing plants, which they said could help triple revenue from mineral exports.

Last year, won government approval to increase annual ore output by 67 percent to 5 million tonnes.

> https://philippineslifestyle.com/nickel-miner-marcventures-eyes-third-processing-plant-in-philippines/

SEC approves Marcventures' merger with 2 mining firms

Jan. 2, 2018

The merger will allow Marcventures to gain control of mineral resource from Bauxite Ore, the main raw material of aluminium

MANILA, Philippines – The Securities and Exchange Commission (SEC) green lighted the merger of Marcventures Holdings Incorporated with two mining firms: Brightgreen Resources Holdings Incorporated (BHI) and Asia Pilot Mining Philippines Corporation (APMPC).

Marcventures will become the surviving entity.

The listed firm on Tuesday, January 2 told the local bourse that SEC approved the increase in Marcventures' authorized capital stock to P4 billion divided into 4 billion common shares with a par value of P1 per share.

This was compared to the current P2 billion divided into two billion common shares with a par value of P1 each.

Of the increased authorized capital stock, Marcventures will issue a total of 1,125 million common shares priced at P1 per share. This will comprise of 675 million shares for APMPC shareholders and another 450 million shares for BHI shareholders.

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Some of the PH. MINING shares have started 2020 well... (though many hardly noticed. haha)

PH.Mining vs-Copper ... update: 5yr: 3yr: 2yr: 1yr: 6mo: 10d / Last:

JidcZXx.gif

====
Sym. : Mining co.-  : BkVal.: Pr/BV: 12/27: 01/05/ Earns: PER : Div.: Yield:
CU - : Copper / lb.  : =====: =====: 2.830: 2.789/ ====:
APX  : Apex Mining : P0.90: 110.%: P0.99: P1.10/ P0.04: r44.7: 0.00: -N/A -
AT.    : Atlas Mining : P9.95: 25.1%: P2.50: P2.50/ (0.48): r-n/a: 0.00: -N/A -
AB.   : Atok BigWdg: P0.26: 42.2x : 10.96: P10.98/(0.01): r-n/a: 0.00: -N/A -
BC.   : Benguet Con: P6.39: 17.7%: P1.13: P1.20/ P0.24: r5.03: 0.00: -N/A -
FNI.  : Glob.FerroN.: P1.30: 138.%: P1.79: 01.65/ P0.09:  r-n/a: 0.00: -N/A -
GEO. : GeoGrace -- : P0.00: INFin.: 0.202 : 0.203/ (0.00):  r-n/a: 0.00: -N/A -
LC.    : Lepanto, A-  : P0.10:  91.0%: 0.091: 0.105/ (0.01): r-n/a: 0.00: -N/A -
Marc : Marc Vent.s: P1.25: 78.1%: P0.98: P0.95/ (0.13): r-n/a: 0.00: -N/A -
NIKL : Nickel Asia- : P2.25: 151.%: P3.39: P3.06/ 0.100: r30.5: 0.07: 2.29%
NI.    : Nihao MinRs: P0.88: 116.%: P1.02: P1.02/ (0.04): r-n/a: 0.00: -N/A -
ORE : Oriental Pen.: P2.31: 32.5%: P0.75: P0.70/  0.000: r-n/a: 0.00: -N/A -
PX.   : PhilexMining: P4.88: 58.0%: P2.83: P3.19/ 0.100: r33.0: 0.00: -N/A -
SCC : SemiraraM&P: 10.07: 218.%: 22.00: 22.00/ 2.750: r7.99: 2.25: 10.2%
====

SIX are selling Below Book Value -versus Nickel Asia (which has almost $1Billion MktCap)

Sym.: Mining co.- : ShsOS: MkCap /50-Usd BkVal: Pr/BV 12/27: 01/05/ Earns: PER : Div.: Yield::
AT.    : Atlas Mining: 3.56 B : 8.90B : $178.m: P9.95: 25.1%: P2.50: P2.50/ (0.48): r-n/a: 0.00: -N/A -
BC.   : Benguet Con: 616.M : 696.M: $13.9m: P6.39: 17.7%: P1.13: P1.20/ P0.24: r5.03: 0.00: -N/A -
LC.    : Lepanto, A - : 69.2 B : 6.29 B: $126.m: P0.10: 91.0%: 0.091: 0.105/ (0.01):  r-n/a: 0.00: -N/A -
Marc: Marc Vent.s : 3.12 B : 3.05 B: $61.0m: P1.25: 78.1%:  P0.98: P0.95/ (0.13): r-n/a: 0.00: -N/A -
ORE : Oriental Pen. : 2.81 B : 2.11 B: $42.2m: P2.31: 32.5%: P0.75: P0.70/  0.000: r-n/a: 0.00: -N/A -
PX.   : PhilexMining: 4.74 B : 13.4 B: $268.m: P4.88: 58.0%: P2.83: P3.19/ 0.100: r33.0: 0.00: -N/A -
NKL : Nickel Asia -: 13.7 B : 46.4 B: $928.m: P2.25: 151.%: P3.39: P3.06/ 0.100: r30.5: 0.07: 2.29%
====

Three Stocks versus NIKL, Nickel Asia

#1: NIKL-vs: AT, BC, LC … fr.1/2016: nov.'18: 5yr: 2yr: 1yr: 6mo: 10d/ Last: 0.00, 0.00, 0.00, 0.00
qZembJv.gif

>#1: nov.'18: 5yr: 2yr: 1yr: 6mo: 10d/

ZOm5JiH.gif

#2: NIKL-vs: MARC, ORE, PX … fr.1/2016: nov.'18: 5yr: 2yr: 1yr: 6mo: 10d/ Last: 0.00, 0.00, 0.00, 0.00
9D2bNPJ.gif

>#2: nov.'18: 5yr: 2yr: 1yr: 6mo: 10d/

XdnZs4q.gif

===

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Sym. : Mining co.-  : BkVal.: Pr/BV: 12/27: 01/08/ Earns: PER : Div.: Yield:
CU - : Copper / lb.  : =====: =====: 2.830: 2.810/ ====:
ORE : Oriental Pen.: P2.31: 32.5%: P0.75: P0.72/  0.000: r-n/a: 0.00: -N/A -

2.88B shs OS x 0.70 = P2.02B /50= $40.3 Million MktCap

ORE / Oriental Peninsula Resources Group ... 10yr: 5yr: 2yr: 1yr: 6mo: 10d/ Last: 0.68 - 0.04, on just 1,000 sh.! YrL: 0.67

N2g0dSB.gif

ORE: A New low, but there is not enough volume, nor recent Good News to get me to Buy the stock at 0.68

OLD news:

Jan. 2018: Oriental Peninsula expands core business, into Gen'l Holding co. - to incl. Power etc

PUBLICLY-LISTED Oriental Peninsula Resources Group, Inc. is set to expand into a general holding company from just a holding firm for mining entities and activities... Oriental Peninsula was incorporated 2007 primarily to consolidate and operate companies that own mining tenements in the Philippines. It is the parent firm of Citinickel Mines and Development Corp., the sole claim owner of the Pulot Mine and the Toronto Mine in Palawan.

Apr 30, 2018 - Oriental Peninsula Resources Group, Inc. said it registered P287.68 million in earnings last year, up from the P150.68 million loss in 2016.

Jun 26, 2018 - LISTED Oriental Peninsula Resources Group, Inc. (ORE) is set to acquire P300 million worth of common shares in Oriental Energy & Power ...

Jun 26, 2018 - MANILA -- Oriental Peninsula Resources Group, Inc. (ORE) is acquiring almost a third of a renewable energy company that is majority owned ...

Jun 27, 2018 - Listed mining holding firm Oriental Peninsula Resources Group Inc. is venturing into power as it takes in a 30 percent stake in affiliate Oriental ...

May 20, 2019 - (Reuters) - Oriental Peninsula Resources Group Inc : * QTRLY GROSS REVENUE 148.1 MILLION PESOS VERSUS 273.7 MILLION ...

Oriental Peninsula Resources Group Qtrly Net Loss Attributable 365.8 Mln Pesos

Aug. 23, 2019 - PRIVATE PLACEMENT at P1.00... To increase in the Company’s authorized capital stock from Php 1,500,000,000.00 ... to Php 3,500,000,000.00 divided into 3,500,000,000 common shares with a par value of Php 1.00 each... Listed shares outstanding increase from 1,452,000,000 to 2,878,500,005 shares.  Net increase of 1.43 Bn x P 1.00= P1.43 B / 50 = about $28.6M increase.

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Nickel Asia Corporation.

Presentation on NAC PSE: NIKL RIC: NIKL.PS BBG: NIKL.PM. NAC at a glance.

Listed in the PSE on November 22, 2010/ 

Largest nickel mining company in the Philippines and long operating history of mining nickel laterite since 1977

4 nickel operating mines and one recently acquired 5th mine for further exploration and development

4 nickel exploration properties and 5 exploration properties for gold and copper,

One of the largest supplier of lateritic nickel ore globallySubstantial proved and probable ore reserves

10% interest in the country’s only HPAL plants, Coral Bay and Taganito HPAL, majority owned by Sumitomo Metal Mining.

Entry into power generation via a 86.29% stake in Emerging Power, Inc. (EPI)

Strategic relationships with two key shareholders, Sumitomo Metal Mining (Sumitomo) and Pacific Metals (PAMC

/ Presentation > https://www.slideserve.com/jenis/nickel-asia-corporation

> Aug. 2018: https://nickelasia.com/assets/documents/Analysts_Presentation_August_2018.pdf

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Is APEX Mining counter-cyclical to PSEI? - (it has been recently)

PSEI vs- APEX etc ... update / Last: 7,353 vs- Php0.65

NBuZmtE.gif

APEX vs-GLD / Gold ... update / Last: 1.07

xx

 

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Update on NIKL chart - back below the GAP

NIKL-etc... 10yr: 5yr: 3yr: 2yr: 1yr: 6mo: 10d / Php 2.56 - PER: 25.5, Yield: 2.73%

FRE4dm9.gif

x

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PH Mining stocks ... update:

oH24qkz.gif

APEX / APX ... 5yr: 2yr / Php0.97, PER: 39.4X, Yield: 0% // 6.23Bn sh x 0.97= Php 6.04B /50= US$48 Million

6Nn9sM6.gif

APEX :
Mining  Prod. xPrice = Rev’18: Prod. = Rev’17 : Prod.= Rev’16 :
Php—:  ——  : P52.5: 4,409.3m/  50.5, 3,850.6m/ 48.0, 3,264.6m/
Gold- : 70.56k: 1,190= $84.0M: 60.2k : $76.2M : 59.0k : $68.0M:
Silver : 328.8k: 14.29= $ 4.7M : 316.k  : $ 5.4M :  310.k : $  5.4M:
Au/Ag: r-82.0 : ———: ——-—: r-76.0 : ———- : r-67.0 : ———- :
G.eqv.:   4.01k: 1,172 = $ 4.7M :   4.2k : $  5.4M :   4.6k : $  5.4M :
Total : 74.57k 1,189= $88.7M: 64.4k $81.6M:  71.6k: $73.4M : Gold eqv.
Cost/oz —— > $910.6: ———   : $979.2: ———- : $784.9: ———- :
PCost : 3563M: / 52.5: $67.9M: 3189m $63.1M: 2699m $56.2M:
Margin: $279oz>—>   $20.8M: $287 > $18.5M: $240 > $17.2M:
GoldEq $1,190 > —> + 23.4%: $1270 > 22.7%: $1,025 > 23.4%:

Semirara / SCC .. All: 5yr: 2yr / php19.90, PER: 7.22X, Yield: 11.31% // 4.26 Bn sh x 19.9= Php 84.8B /50= US$1.7 Bn

Ag9JfV0.gif

xx

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Semirara: Almost cheap enough

xx

5CVxkgx.gif

yy

x

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Philippine mines bureau head expects lifting of open-pit mining ban soon

Reuters |

The head of the Mines and Geosciences Bureau (MGB) in the Philippines on Thursday told Reuters he expected a four-year-old ban on open-pit mining to be lifted soon and for the government to issue an administrative order.

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