DMCI Holdings plans to expand mining business with copper, gold, and coal assets after acquiring Cemex Holdings.
DMCI Holdings, a listed conglomerate, plans to expand its mining business by adding copper, gold and coal assets. The company, already involved in mining through subsidiaries DMCI Mining Corp. and Semirara Mining and Power Corp., aims to rebalance its portfolio after acquiring Cemex Holdings Philippines for $305.6m. DMCI Homes, the real estate unit, is also expected to return to pre-pandemic sales levels by 2025.
May 21, 2024
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