Tag Archives: Department of Environment and natural resources

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Apollo Global secures P988M for PH’s first deep sea mining

Insights, Investor, Logistics and Supply ChainBy Karl R. Ocampo September 3, 2021

Apollo Global Capital, Inc. (APL) has raised from its recently concluded follow-on offering (FOO) as it prepares for its offshore mining project in Cagayan, the first of its kind in the country. In a press statement, APL said the funds would be used mainly for the procurement of equipment and insurance for its magnetite iron…

Foreign investors explore PH offshore mining prospects

Insights, Investor, PropertyBy Karl R. Ocampo June 14, 2021 Leave a comment

A number of foreign companies have signified interest to invest in the country’s offshore mining sector, encouraged by the recent issuance of Executive Order No. 130 that lifted the moratorium on the approval of new mining permits. The Offshore Mining Chamber of the Philippines (OMCP) over the weekend said several investors from at least were…