Monday, August 15, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Agri & Mining

JDVC, Lao to engage in magnetite mining

Alena Mae S. FloresbyAlena Mae S. Flores
December 6, 2020, 7:10 pm
in Agri & Mining
Reading Time: 1 min read
A A
108
SHARES
Share on FacebookShare on TwitterShare on Email

JDVC Resources Corp. teamed up with food entrepreneur Frank Lao of the Choi Garden Restaurant group for the country’s first offshore magnetite iron mining project in Cagayan.

JDVC is a majority-owned subsidiary of listed company Apollo Global Capital Ltd. while Lao owns Gloria Maris in Greenhills, San Juan.

Lao confirmed the joint venture for the magnetite mining project, which involves an estimated 512 million metric tons and mining life of 47 years. The project is expected to start in January.

Under a mine consortium agreement with JDVC, Lao acquired two deep-sea mining vessels with a net capacity of 10,000 tons per day.

“Building an offshore boat will cost around $20 million,” Lao said when asked for comment over the weekend.

ADVERTISEMENT

The ships are expected to arrive in January, joining another vessel already deployed by JDVC.

JDVC has also secured the full range of required mining, environmental, and export licenses and permits from the Philippine government.

Tags: CagayanFrank Lao of the Choi Garden RestaurantJDVC Resources Corpmagnetite iron mining
ADVERTISEMENT
Alena Mae S. Flores

Alena Mae S. Flores

Related Posts

Agriculture, vegetable study report launched

byOthel V. Campos
August 8, 2022, 8:05 pm
0
171
Banaag assumes post as Bright Kindle director

The Philippine Business for Education (PBEd) and Philippine Chamber of Commerce & Industry Human Resources Development Foundation (PCCIHRDF) Inc. will...

Read more

Diokno: Agriculture key to robust growth

byJulito G. Rada
August 2, 2022, 6:55 pm
0
227
New DOT secretary promotes inclusive and sustainable tourism

Finance Secretary Benjamin Diokno said a robust agriculture sector will play a key role for a sustainable economic growth that...

Read more

Bitter harvest: Malaysian oil palm farmers face labor crunch

byAFP
July 29, 2022, 7:15 pm
0
164
Bitter harvest: Malaysian oil palm farmers face labor crunch

By M. Jegathesan IJOK, Malaysia—Overripe palm oil fruits hang untouched in trees while others lie rotting scattered around a plantation,...

Read more

Vape law to save lives of smokers including young adults—solons

byManila Standard Business
July 27, 2022, 2:00 pm
0
425

Authors of the newly-enacted vape law said all smokers' lives matter including young adults who are legally allowed to buy...

Read more

BOI okays Denso’s hydroponic project

byOthel V. Campos
July 26, 2022, 6:25 pm
0
206
BOI approves P195-m poultry investment

The Board of Investments (BOI) approved the P60-million hydroponics project of Denso Philippines Corp. to boost high-value crop cultivation and...

Read more

Chamber of Mines supports DENR chief

byManila Standard
July 13, 2022, 7:00 pm
0
251
‘While pushing for peace in WPS, PH won’t drop sovereignty over it’

The Chamber of Mines of the Philippines welcomed the nomination of Antonia Yulo-Loyzaga as the next secretary of the Department...

Read more

Stories you may like

  • People …are talking about Liza Soberano

    Supermodel son is Philippine bet in Manhunt International

    9780 shares
    Share 3912 Tweet 2445
  • Another oil price rollback likely as world economy further stalls

    1336 shares
    Share 534 Tweet 334
  • Judgments and their execution

    1271 shares
    Share 508 Tweet 318
  • Basilan solon wants barangay, SK polls reset to May 2024 to save P8b for gov’t

    975 shares
    Share 390 Tweet 244
  • Appeal to BBM and Acuzar

    947 shares
    Share 379 Tweet 237

Print Edition

View More

Recent Posts

  • BTA unites ex-Moro rebels
  • Positivity rate in NCR declines, seen as COVID-19 has hit peak
  • BBM eyes sugar import of 150,000 MT by Oct.
  • DOTr, Chinese embassy agree to restart talks on rail projects
  • Dangerous waters
  • PH population: More seniors as few babies born
  • Author JK Rowling gets online threat
  • OWWA to bring back ‘Hatid Saya’ for OFWs

Advertisement

Latest News

PH population: More seniors as few babies born

byManila Standard
August 15, 2022, 12:40 am
0
162
WHO worried over 2.5 million Filipino seniors yet to receive jab

Filipinos are having fewer babies while the number of senior citizens has doubled in the last 20 years to account...

Read more

Author JK Rowling gets online threat

byAFP
August 15, 2022, 12:35 am
0
147
Sino gaming tycoon held for illegal ops

Scottish police said on Sunday they were investigating an apparent "online threat" made to Harry Potter author JK Rowling in...

Read more

OWWA to bring back ‘Hatid Saya’ for OFWs

byManila Standard
August 15, 2022, 12:30 am
0
147
Sino gaming tycoon held for illegal ops

The Overseas Workers Welfare Administration (OWWA) said Sunday it would revive the "Hatid Saya" entertainment program for Filipinos working abroad....

Read more

Marcos names first female to lead BCDA

byOthel V. Campos
August 15, 2022, 12:25 am
0
228
Sino gaming tycoon held for illegal ops

President Ferdinand Marcos Jr. has appointed Aileen Anunciacion Zosa as the new president and chief executive officer (PCEO) of the...

Read more

Sino gaming tycoon held for illegal ops

byAFP
August 15, 2022, 12:20 am
0
195
Sino gaming tycoon held for illegal ops

Authorities in Bangkok have detained a controversial Chinese tycoon who has business interests in Cambodia, Myanmar and the Philippines and...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App