some notes on the philippine mining act of 1995.doc

58
Some Notes on the Philippine Mining Act of 1995 1 The Philippine Mining Act of 1995 (Republic Act 7942) is a very contentious piece of legislation that allows foreign corporations – even those with 100% foreign equity – to operate mining sites in the Philippines. Section 56 of the said law explicitly says that “A foreign-owned/-controlled corporation may be granted a mineral processing permit. 1 ” The law further states that such “Minerals processing permit shall be for a period of five (5) years renewable for like periods but not to exceed a total term of twenty-five (25) years.” Such policy expectedly led to a near-monopoly of foreigners over the country’s mineral resources as they are wealthy in capital and equipped with advanced mining technologies. Most non-government organizations (NGOs) that normally quarrel over other issues are united in opposing the Philippine Mining Act of 1995. Activists have actually questioned the constitutionality of the Philippine Mining Act of 1995 before the Supreme 1 Part of a draft dissertation (2013) for a PhD in Southeast Asian Studies (Centro Escolar University- Manila). The endnotes are still incomplete. This was posted for the benefit of citizens who need instant information on the Philippine Mining Act and the existing Mineral Production Sharing Agreements (MPSAs). San Juan, David Michael M. “A Dependency Theory Critique of Selected Segments of the Philippine Development Plan (PDP 2011-2016)”

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Page 1: Some Notes on the Philippine Mining Act of 1995.doc

Some Notes on the Philippine Mining Act of 19951

The Philippine Mining Act of 1995 (Republic Act 7942) is a very contentious piece of legislation that allows foreign

corporations – even those with 100% foreign equity – to operate mining sites in the Philippines. Section 56 of the said law

explicitly says that “A foreign-owned/-controlled corporation may be granted a mineral processing permit.1” The law further

states that such “Minerals processing permit shall be for a period of five (5) years renewable for like periods but not to

exceed a total term of twenty-five (25) years.” Such policy expectedly led to a near-monopoly of foreigners over the

country’s mineral resources as they are wealthy in capital and equipped with advanced mining technologies. Most non-

government organizations (NGOs) that normally quarrel over other issues are united in opposing the Philippine Mining Act

of 1995. Activists have actually questioned the constitutionality of the Philippine Mining Act of 1995 before the Supreme

Court. Initially, on January 2004, the High Court struck down the law as unconstitutional, but it later reversed its initial

decision on December 2004, to the dismay of those who campaigned against the law. The said pro-Mining Act decision

became final on February 2005. In 2008, another legal challenge to the Mining Act was brought to the Supreme Court by

sundry groups that include “Indigenous peoples, members of poor communities dependent on land and natural resources

and affected by FTAAs (Financial or Technical Assistance Agreements) and MPSAs (Mineral Production Sharing

Agreements) issued, representatives from support organizations such as the Social Action Center of the Diocese of

1Part of a draft dissertation (2013) for a PhD in Southeast Asian Studies (Centro Escolar University-Manila). The endnotes are still incomplete. This was posted for the benefit of citizens who need instant information on the Philippine Mining Act and the existing Mineral Production Sharing Agreements (MPSAs). San Juan, David Michael M. “A Dependency Theory Critique of Selected Segments of the Philippine Development Plan (PDP 2011-2016)”

Page 2: Some Notes on the Philippine Mining Act of 1995.doc

Marbel, people's organizations, as well as elected officials from the Liberal Party, and party-list groups Akbayan and

Bayan Muna representing marginalized sectors…2” In fact, an alternative “People’s Mining Bill” or House Bill 43153 (An

Act Re-Orienting the Philippine Mining Industry, Ensuring the Highest Industry Development Standards, and for other

Purposes) has been filed on March 2, 2011 by Reps. Teddy A. Casino, Neri Javier Colmenares, Rafael V. Mariano,

Luzviminda C. Ilagan, Raymond V. Palatino, Emerenciana A. De Jesus, and Antonio L. Tinio to replace the pro-foreign

mining act currently implemented and supported by the Philippine Development Plan (PDP).

Bias for Foreign Firms

As mentioned, the current Philippine Mining Act allows 100% foreign ownership of mining firms despite the fact that

the Philippine Constitution clearly states that natural resources are for the Filipinos’ exclusive use and exploitation. Aside

from this pro-foreign provision, it must be noted that “The Mining Act also grants mining companies to operate for a

maximum of 50 years and can occupy an area of 81,000 hectares where the company enjoys timber rights, water rights

and easement rights. The incentives granted to foreign mining companies include tax holidays and 100 percent

repatriation of their capital and profit.4” Currently, many big mining companies in the country are either wholly or partly

owned by foreign citizens and firms, as proven by the following table that lists Mineral Production Sharing Agreements

2 http://www.minesandcommunities.org/article.php?a=12239

3 http://www.preda.org/en/wp-content/uploads/2011/11/peoples-mining-bill-primer.pdf

1 http://www.chanrobles.com/RA7942.htm#.UbVsItj4LdE

Page 3: Some Notes on the Philippine Mining Act of 1995.doc

(MPSAs) approved by the Mines and Geosciences Bureau/MGB (as of April 30, 2013)5 involving foreign mining firms or

mining firms with foreign equity:

Firm Mine Location Area (in hectares)

Mineral Remarks on Ownership

Lepanto Consolidated Mining

Co. and Far Southeast Gold

Resources Inc. (a subsidiary of Lepanto6)

Mankayan, Benguet

948.9695 Gold and copper

With foreign equity7

Sinosteel Philippines HY Mining

Loreto, Dinagat Islands

(Within Parcel III of

972.0000 Chromite Subsidiary of a China-based firm8

6 http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=38886319

7 http://www.pse.com.ph/resource/corpt/2013/LC_Top100_Mar2013.pdf

4 Minerva Chaloping-March. The trail of a mining law: ‘resource nationalism’ in the Philippines. Paper read at the conference on Mining and Mining Policy in the Pacific: History, Challenges and Perspectives, 21-25 November 2011. Noumea, New Caledonia.

5 http://198.57.185.212/Files/Permits/Applications/April_2013_MPSA_2A.pdf

Page 4: Some Notes on the Philippine Mining Act of 1995.doc

Corporation Surigao Mineral

Reservation)

Century Peak Corp.

Loreto, Dinagat Islands

(Within Parcel III of

Surigao Mineral

Reservation)

1,198.0000 Chromite With foreign equity9

Hinatuan Mining Corp.

Manicani Island,

Guiuan, Eastern Samar

1,165.0000 Nickel Subsidiary of Nickel Asia Corp10. (with foreign equity11)

Apo Land and Quarry Corp.

Naga, Cebu 192.0000 Limestone “Under CEMEX Philippines Group of Companies' wing”12; CEMEX Philippines is a subsidiary of a Mexico-based firm with a global presence13

Dorilag Cement Corp.

Jordan and Buenavista,

Guimaras

1,794.6000 Limestone Actively seeking investors through Limestone Philippines (its subsidiary); Limestone Philippines’ Managing Partner and Sales Manager are US-based14

Marcventures Mining and

Development Corporation

Cantilan, Surigao del Sur

4,799.0000 Gold and copper

Subsidiary of Marcventures Holdings Inc. (MARC)15, a firm with foreign equity16

Lafarge Norzagaray, 559.0000 Limestone Subsidiary of France-based firm with a global

Page 5: Some Notes on the Philippine Mining Act of 1995.doc

Republic, Inc. Bulacan presence17

Holcim Philippines, Inc.

Norzagaray, Bulacan

554.3811 Limestone and shale

Subsidiary of a Switzerland-based firm with a global presence18

Lafarge Republic, Inc.

Taysan, Batangas

321.1700 Limestone and shale

Subsidiary of France-based firm with a global presence19

Mindanao Portland Cement

Corp.

Iligan City, Lanao del

Norte

323.0953 Limestone and shale

Subsidiary of France-based firm with a global presence20

Lafarge Republic, Inc.

Asturias, Cebu 2,383.5483 Limestone Subsidiary of France-based firm with a global presence21

Holcim Philippines

Lugait, Misamis Oriental

129.6974 Limestone Subsidiary of a Switzerland-based firm with a global presence22

Holcim Philippines, Inc.

Agno, Pangasinan

405.0000 Silica Subsidiary of a Switzerland-based firm with a global presence23

Holcim Philippines, Inc.

Luna, La Union 217.0000 Limestone Subsidiary of a Switzerland-based firm with a global presence24

Holcim Philippines

Iligan City and Lugait,

Misamis Oriental

397.6759 Limestone Subsidiary of a Switzerland-based firm with a global presence25

TVI Resource Devt.Phils., Inc.

Siocon, Zamboanga del

Norte

508.3396 Gold, silver and copper

“Affiliate” of a Canadian firm26

Page 6: Some Notes on the Philippine Mining Act of 1995.doc

Philex Gold Phil., Inc.

Sibutad, Dapitan City

and Rizal, Zamboanga

del Norte

3,515.0000 Gold and copper

Subsidiary27 of Philex Mining Corporation, a firm with foreign equity28

Alcorn Gold Resources Corp. (now listed in the Philippine Stock Exchange as Costco Capital29)

Merida and Isabel, Leyte

2,288.2100 Limestone With foreign equity30

Holcim Philippines, Inc.

Mati, Davao Oriental

166.0224 Silica Subsidiary of a Switzerland-based firm with a global presence31

Holcim Philippines, Inc.

Bunawan District, Davao

City

657.3194 Limestone Subsidiary of a Switzerland-based firm with a global presence32

Holcim Philippines, Inc.

Bunawan District, Davao

City

148.4427 Shale Subsidiary of a Switzerland-based firm with a global presence33

TVI Resources Development

Phils., Inc.

Diplahan, Zamboanga

del Sur

4,779.0000 Copper and gold

“Affiliate” of a Canadian firm34

Page 7: Some Notes on the Philippine Mining Act of 1995.doc

TMC-Tribal Mining Corp.

T'boli, South Cotabato

84.9800 Copper and gold

Subsidiary of Cadan Resources Corporation35, a Canada-based firm36

Vulcan Materials Corp.

Batangas City, Batangas

332.3980 Aggregate and andesite

Subsidiary of Vulcan Industrial & Mining Corporation37, a firm with foreign equity38

Vulcan Industrial and Mining

Corp.

Hinobaan, Negros

Occidental

477.0000 Copper and gold

With foreign equity39

Apo Land and Quarry Corp.

Naga, Cebu 84.0000 Greywacke and pozzolan

“Under CEMEX Philippines Group of Companies' wing”40; CEMEX Philippines is a subsidiary of a Mexico-based firm with a global presence41

Philex Gold Phils., Inc.

Hinobaan, Negros

Occidental

2,268.0000 Gold Subsidiary42 of Philex Mining Corporation, a firm with foreign equity43

GRCO Isulan Mining Corp.

Bagumbayan, Sultan

Kudarat

4,520.9600 Copper and gold

Subsidiary of General Resources Co., Ltd.(GRCO), a Korean-based firm44

APC Group Inc. Ginatilan and

Malabuyoc, Cebu

549.0000 Limestone With foreign equity45

APC Group Inc. Ginatilan and

Malabuyoc, Cebu

502.8266 Limestone With foreign equity46

Claver Mineral Claver, Surigao 433.9798 Nickel Operated by Shenzou Mining Group Corporation, a

Page 8: Some Notes on the Philippine Mining Act of 1995.doc

Devt. Corp. del Norte

(Within Parcel I of

Surigao Mineral

Reservation)

Chinese mining firm47

lligan Cement Corp.

Kiwalan and Iligan City,

Lanao del Norte

519.0879 Limestone and shale

Associated company of Lafarge Philippines, a subsidiary of Lafarge, a France-based firm48

Northern Cement Corp.

Sison, Pangasinan

630.5000 Limestone and shale

Partly-owned49 by San Miguel Corporation, a firm with foreign equity50

Consolidated Ores Phils. Inc.

Aurora, Surigao del Sur

1,953.0000 Gold, precious and base

metals and other associated

mineral deposits

Partly-owned by Canada-based Martina

Minerals Corporation51

Vulcan Industrial and Mining

Corp.

Sipalay, Negros

Occidental

806.5700 Copper and gold

With foreign equity52

Rio Tuba Nickel Mining

Bataraza, Palawan

990.0000 Nickel 60% owned by Nickel Asia Corp.53 (with foreign equity54)

Page 9: Some Notes on the Philippine Mining Act of 1995.doc

Corp.

Island Quarry and Aggregates

Corp.

Antipolo City, Rizal

70.9800 Basalt and Diorite

“Under CEMEX Philippines Group of Companies' wing55” (a subsidiary of CEMEX, a Mexican firm with global presence56)

Indophil Resources, Phils., Inc.

Labo, Camarines Norte

995.3844 Copper and gold

Subsidiary of Indophil Resources NL, an Australian firm57

Rapu-Rapu Minerals, Inc.

Rapu-Rapu, Albay

144.2000 Copper and gold

Foreign shareholding firms58 include LG International (a Korean firm59), Korea Resources Corp. (another Korean firm60), and Malaysia Smelting Corp. (a Malaysia-based firm61)

Luvimin Cebu Mining Corp. and

TVI Resources Dev't. (Phil.), Inc.

San Roque, Fatima,

Liloan and Panaon,

Southern Leyte

453.0000 Copper and gold

TVI Resources Dev’t. (Phil.), Inc. is an “Affiliate” of a Canadian firm62

Taiheiyo Cement Phils., Inc.

San Fernando and Naga,

Cebu

486.0000 Limestone Subsidiary of the Japanese firm Taiheiyo Cement Corporation63

Lafarge Republic, Inc.

Carmen, Cebu 2,551.0000 Graywacke, sandstone,

limestone and shale

Subsidiary of France-based firm with a global presence64

Page 10: Some Notes on the Philippine Mining Act of 1995.doc

Lafarge Republic, Inc.

Teresa, Rizal 154.6876 Limestone and silica

Subsidiary of France-based firm with a global presence65

Holcim Philippines, Inc.

Doña Remedios Trinidad

342.6500 Limestone, slica and shale

Subsidiary of a Switzerland-based firm with a global presence66

65 http://www.lafarge.com.ph/wps/portal/ph/7_2-PR_AMRC?WCM_GLOBAL_CONTEXT=/wps/wcm/connectlib_ph/Site_ph/AllPR/PressRelease_1346756511499/PR_Header

8 http://en.sinosteel.com/

9 http://www.pse.com.ph/resource/corpt/2013/CPM_Top100_Mar2013.pdf

10 http://www.nickelasia.com/corporateStructure.html

11 http://www.pse.com.ph/resource/corpt/2013/NIKL_Top100_Mar2013.pdf

12 http://www.cemexphilippines.com/co/co_ac_hi.html

13 http://www.cemex.com/AboutUs/History.aspx

14 http://www.limestonephilippines.com/contact_us.html

15 http://www.marcventuresholdings.com/

16 http://www.pse.com.ph/resource/corpt/2013/MARC_Top100_Mar2013.pdf

18 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

19 http://www.lafarge.com/wps/portal/8_6-Contacts http://www.lafarge.com.ph/wps/portal/ph/1-Lafarge_at_a_Glance

20 http://www.lafarge.com.ph/wps/portal/ph/7_2-PR_AMRC?WCM_GLOBAL_CONTEXT=/wps/wcm/connectlib_ph/Site_ph/AllPR/PressRelease_1346756511499/PR_Header

Page 11: Some Notes on the Philippine Mining Act of 1995.doc

and Norzagaray,

Bulacan

Jabel Corp. Baay-Licuan, Abra

297.0000 Gold and silver Formed a partnership with Canada-based Olympus Pacific Minerals Inc.67

21 http://www.lafarge.com.ph/wps/portal/ph/7_2-PR_AMRC?WCM_GLOBAL_CONTEXT=/wps/wcm/connectlib_ph/Site_ph/AllPR/PressRelease_1346756511499/PR_Header

22 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

23 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

24 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

25 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

26 http://www.tvipacific.com/AboutUs/overview/default.aspx

27 http://www.philexmining.com.ph/about-us/corporate-profile

28 http://www.pse.com.ph/resource/corpt/2013/PX_Top100_Mar2013.pdf

29 http://www.pse.com.ph/stockMarket/companyInfo.html?id=50&security=178&tab=0

30 http://www.pse.com.ph/resource/corpt/2013/APM_Top100_Mar2013.pdf

31 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

32 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

33 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

34 http://www.tvipacific.com/AboutUs/overview/default.aspx

35 http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=39105092

Page 12: Some Notes on the Philippine Mining Act of 1995.doc

Abra Mining and Industrial Corp.

Bucay, Abra 672.0000 Tuffaceous limestone, shale

and silica sand

With foreign equity68

Jabel Corp. Baay-Licuan, Abra

756.0000 Copper and gold

Formed a partnership with Canada-based Olympus Pacific Minerals Inc.69

36 http://www.cadanresources.com/contact-us/

37 http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=30771041

38 http://www.pse.com.ph/resource/corpt/2013/VUL_Top100_Mar2013.pdf

39 http://www.pse.com.ph/resource/corpt/2013/VUL_Top100_Mar2013.pdf

40 http://www.cemexphilippines.com/co/co_ac_hi.html

41 http://www.cemex.com/AboutUs/History.aspx

42 http://www.philexmining.com.ph/about-us/corporate-profile

43 http://www.pse.com.ph/resource/corpt/2013/PX_Top100_Mar2013.pdf

44 http://www.grco.kr/main/?skin=history.htm

45 http://www.pse.com.ph/resource/corpt/2013/APC_Top100_Mar2013.pdf

46 http://www.pse.com.ph/resource/corpt/2013/APC_Top100_Mar2013.pdf

48 http://www.lafarge.com.ph/wps/portal/ph/1-Lafarge_at_a_Glance

49 http://www.interaksyon.com/business/62439/san-miguel-acquires-a-third-of-chairmans-cement-company

50 http://www.pse.com.ph/resource/corpt/2013/SMC_Top100_Mar2013.pdf

51 http://www.martinaminerals.com/wp-content/uploads/2012/06/Martina-Minerals-announcement-14-June-2012.pdf

Page 13: Some Notes on the Philippine Mining Act of 1995.doc

Philex Mining Corporation

Surigao City and Sison

and Placer, Surigao Del

Norte

2,306.0000 Copper and gold

With foreign equity70

17 http://www.lafarge.com/wps/portal/8_6-Contacts http://www.lafarge.com.ph/wps/portal/ph/1-Lafarge_at_a_Glance

47 http://www.abs-cbnnews.com/business/07/22/12/mgb-orders-suspension-mining-operations-chinese-nickel-miner

52 http://www.pse.com.ph/resource/corpt/2013/VUL_Top100_Mar2013.pdf

53 http://www.nickelasia.com/corporateStructure.html

54 http://www.pse.com.ph/resource/corpt/2013/NIKL_Top100_Mar2013.pdf

55 http://www.cemexphilippines.com/co/co_ac_hi.html

56 http://www.cemex.com/AboutUs/History.aspx

57 http://www.indophil.com/ http://www.asia-ceo.org/events/Indophil_Tony_Robbins.htm

58 http://rapu-rapumining.com/about-us/projec-history/

59 http://www.bloomberg.com/quote/001120:KS

60 http://eng.kores.or.kr:8080/gpms/eng/index.html

61 http://www.msmelt.com/abt_hist.htm

62 http://www.tvipacific.com/AboutUs/overview/default.aspx

63 http://www.taiheiyo-cement.com.ph/index.php?option=com_content&view=article&id=4&Itemid=4

64 http://www.lafarge.com/wps/portal/8_6-Contacts http://www.lafarge.com.ph/wps/portal/ph/1-Lafarge_at_a_Glance

Page 14: Some Notes on the Philippine Mining Act of 1995.doc

Silangan Mindanao Mining Co.,

Inc.

Mainit and Placer,

Surigao Del Norte

2,879.7000 Copper and gold

Subsidiary of Silangan Mindanao Exploration Co., Inc. (SMECI)71, which in turn is a subsidiary of Philex, a firm with foreign equity72

Lepanto Consolidated Mining

Co.

Mankayan, Benguet

1,829.3565 Copper and gold

With foreign equity73

Itogon Suyoc Resources, Inc.

Mankayan, Benguet

1,728.8535 Copper and gold

Later renamed ISM Communications Corporation74, with foreign equity75

Philex Mining Corporation

Tuba and Itogon,

4,928.4215 Copper and gold

With foreign equity76

66 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

68 http://pse.com.ph/resource/corpt/2013/AR_Top100_Mar2013.pdf

67 http://business.inquirer.net/22701/abra-mining-takes-partners-for-gold-project

70 http://www.pse.com.ph/resource/corpt/2013/PX_Top100_Mar2013.pdf

69 http://business.inquirer.net/22701/abra-mining-takes-partners-for-gold-project

73 http://www.pse.com.ph/resource/corpt/2013/LC_Top100_Mar2013.pdf

74 http://www.ismcomm.com/about-us/corporate-history/

75 http://pse.com.ph/resource/corpt/2013/ISM_Top100_Mar2013.pdf

71 http://www.philexmining.com.ph/about-us/corporate-profile

72 http://www.pse.com.ph/resource/corpt/2013/PX_Top100_Mar2013.pdf

Page 15: Some Notes on the Philippine Mining Act of 1995.doc

Benguet

Philex Mining Corporation

Tuba and Itogon,

Benguet

2,958.1390 Copper and gold

With foreign equity77

Lafarge Republic, Inc.

Teresa, Rizal 36.4592 Limestone Subsidiary of France-based firm with a global presence78

Ungay-Malobago Mines Inc. and

Rapu-Rapu Minerals, Inc.

Rapu-Rapu, Albay

167.8625 Copper and gold

Foreign shareholding firms79 of Rapu-Rapu Minerals, Inc. include LG International (a Korean firm80), Korea Resources Corp. (another Korean firm81), and Malaysia Smelting Corp. (a Malaysia-based firm82)

Aglubang Mining Corp.

Victoria, Oriental

Mindoro

2,290.6700 Nickel Subsidiary of Intex Resources ASA, a Norway-based firm83

Rapu-Rapu Minerals, Inc.

Rapu-Rapu, Albay

1,585.8083 Copper and gold

Foreign shareholding firms84 include LG International (a Korean firm85), Korea Resources Corp. (another Korean firm86), and Malaysia Smelting Corp. (a Malaysia-based firm87)

Pyramid Hill Mining and

Industrial Corp.

Espanola, Narra and

Quezon, Palawan

5,149.9000 Limestone Formed a consortium (a “joint venture mining company) with Fenway International Inc., a Canada-based firm, and another two Filipino firms, earlier than 199788

Central Palawan Mining and

Quezon, Palawan

4,896.1000 Limestone Formed a consortium (a “joint venture mining company) with Fenway International Inc., a Canada-based firm, and another two Filipino firms, earlier

Page 16: Some Notes on the Philippine Mining Act of 1995.doc

Industrial Corp. than 199789

Palawan Star Mining Ventures

Inc.

Quezon, Palawan

5,234.2079 Limestone Formed a consortium (a “joint venture mining company) with Fenway International Inc., a Canada-based firm, and another two Filipino firms, earlier than 199790

Egerton Gold Phils., Inc.

Lobo, Batangas 1,163.6195 Gold and copper

With 40% Australian equity91

Egerton Gold Phils., Inc.

Lobo, Batangas 1,011.5434 Gold and copper

With 40% Australian equity

Greenstone Resources Corp.

Alegria, Mainit, Tubod

and Bacuag, Surigao Del

Norte

3,288.7676 Gold, copper and silver

Majority shares owned by Australian firm Red 5 Ltd.92

Holcim Philippines, Inc.

Davao City and

Bunawan and Lasang,

Davao del Norte

5,247.4496 Limestone and shale

Subsidiary of a Switzerland-based firm with a global presence93

Phigold Metallic Ore, Inc.

Borobo, Surigao Del Sur

449.4900 Gold Owned by Cayman Islands-based PhiGold Ltd.94

Zambales Diversified

Sta. Cruz and 3,765.3853 Chromite, nickel, platinum

Subsidiary of UK-based ENK95

Page 17: Some Notes on the Philippine Mining Act of 1995.doc

Metals

Corporation

Candelaria, Zambales

and other associated mineral

deposits

Rapu-Rapu Minerals, Inc.

Rapu-Rapu, Albay

2,640.9247 Gold, copper and silver

Foreign shareholding firms96 include LG International (a Korean firm97), Korea Resources Corp. (another Korean firm98), and Malaysia Smelting Corp. (a Malaysia-based firm99)

Hallmark Mining Corp.

Mati and San Isidro,

Davao Oriental

1,033.1855 Nickel Formed by Australian firm BHP Billiton and Philippine-based Asiaticus Management Corp. (Amcor)100

Austral-Asia Link Mining Corp.

Mati and Gov. Generoso,

Davao Oriental

4,742.2714 Nickel Formed under a shareholders’ agreement between Asiaticus Management Corporation (AMCOR) and QNI Philippines, Inc (Australia-based BHP Billiton’s subsidiary)101

Austral-Asia Link Mining Corp.

Mati and San Isidro,

Davao Oriental

3,715.3409 Nickel Formed under a shareholders’ agreement between Asiaticus Management Corporation (AMCOR) and QNI Philippines, Inc (Australia-based BHP Billiton’s subsidiary)102

Hallmark Mining Corp.

Mati, Davao Oriental

2,288.5826 Nickel Formed by Australian firm BHP Billiton and Philippine-based Asiaticus Management Corp. (Amcor)103

Eramen Minerals, Inc.

Sta. Cruz and

Candelaria, Zambales

4,619.6869 Nickel and other associated

mineral

Forged a partnership with an unnamed Chinese firm104

Page 18: Some Notes on the Philippine Mining Act of 1995.doc

deposits

Atlas Consolidated Mining and

Development Corporation, Heirs

of Jose Velez, Heirs of Manuel

Cuenco and Jon Ramon Aboitiz

Biga, Toledo City, Cebu

234.2875 Copper, gold and other

associated mineral deposits

Atlas has foreign equity105

Bicol Chromite and Manganese

Corp.

Lagunoy, Camarines Sur

2,243.1029 Chromite and other

associated mineral deposits

Chinese-owned106

Bicol Chromite and Manganese

Corp.

Lagunoy, Camarines Sur

2,741.0582 Chromite and other

associated mineral deposits

Chinese-owned107

Rio Tuba Nickel Mining Corp.

Bataraza, Palawan

84.5364 Limestone 60% owned by Nickel Asia Corp.108 (with foreign equity109)

Page 19: Some Notes on the Philippine Mining Act of 1995.doc

Hallmark Mining Corp.

Mati, Davao Oriental

2,337.0000 Nickel Formed by Australian firm BHP Billiton and Philippine-based Asiaticus Management Corp. (Amcor)110

Hallmark Mining Corp.

Mati and San Isidro,

2,375.3200 Nickel Formed by Australian firm BHP Billiton and Philippine-based Asiaticus Management Corp. (Amcor)111

110 http://www.gmanetwork.com/news/story/165469/economy/companies/bhp-billiton-amcor-settle-dispute-on-nickel-project

76 http://www.pse.com.ph/resource/corpt/2013/LC_Top100_Mar2013.pdf

77 http://www.pse.com.ph/resource/corpt/2013/LC_Top100_Mar2013.pdf

78 http://www.lafarge.com/wps/portal/8_6-Contacts http://www.lafarge.com.ph/wps/portal/ph/1-Lafarge_at_a_Glance

79 http://rapu-rapumining.com/about-us/projec-history/

80 http://www.bloomberg.com/quote/001120:KS

81 http://eng.kores.or.kr:8080/gpms/eng/index.html

82 http://www.msmelt.com/abt_hist.htm

83http://archives.pia.gov.ph/?m=12&fi=p080229.htm&no=64

84 http://rapu-rapumining.com/about-us/projec-history/

85 http://www.bloomberg.com/quote/001120:KS

86 http://eng.kores.or.kr:8080/gpms/eng/index.html

87 http://www.msmelt.com/abt_hist.htm

88 http://pdf.secdatabase.com/2763/0000891554-99-001627.pdf p.11-12

89 http://pdf.secdatabase.com/2763/0000891554-99-001627.pdf p.11-12

Page 20: Some Notes on the Philippine Mining Act of 1995.doc

Davao Oriental

Austral-Asia Link Mining Corp.

Mati, Davao Oriental

723.8000 Nickel Formed under a shareholders’ agreement between Asiaticus Management Corporation (AMCOR) and QNI Philippines, Inc (Australia-based BHP Billiton’s subsidiary)112

Selenga Mining Sipalay, 2,965.1041 Gold, copper, Formed partnership with UK-based Copper

90 http://pdf.secdatabase.com/2763/0000891554-99-001627.pdf p.11-12

91 http://business.inquirer.net/money/breakingnews/view/20060929-23782/Mining_investors_present_plans_to_officials_today

92 http://www.philstar.com/business/805755/greenstone-resources-makes-1st-shipment-gold

93 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

94 http://www.philstar.com/business/752981/brown-buys-minority-stake-gold-mining-firm

95 http://www.enickel.co.uk/files/5913/3902/8664/Sale_of_Interest_in_Local_Partner_final.pdf

96 http://rapu-rapumining.com/about-us/projec-history/

97 http://www.bloomberg.com/quote/001120:KS

98 http://eng.kores.or.kr:8080/gpms/eng/index.html

99 http://www.msmelt.com/abt_hist.htm

100 http://www.gmanetwork.com/news/story/165469/economy/companies/bhp-billiton-amcor-settle-dispute-on-nickel-project

101 http://bhpbillitonwatch.net/2009/10/21/pujada-hallmark-nickel-laterite-project-profile/

102 http://bhpbillitonwatch.net/2009/10/21/pujada-hallmark-nickel-laterite-project-profile/

103 http://www.gmanetwork.com/news/story/165469/economy/companies/bhp-billiton-amcor-settle-dispute-on-nickel-project

104 http://asiancorrespondent.com/92092/chinas-filipino-gold-rush/

Page 21: Some Notes on the Philippine Mining Act of 1995.doc

Corporation Negros

Occidental

silver and

molybdenum

Development Corp.113

Macroasia Corporation

Brooks Point, Palawan

1,113.9836 Nickel, chromite, iron and

other associated mineral

deposits

With foreign equity114

Macroasia Corporation

Brooke's Point, Palawan

410.0000 Chromite, nickel, copper and

other associated

With foreign equity115

105 http://pse.com.ph/resource/corpt/2013/AT_Top100_Mar2013.pdf

106 http://balita.ph/2012/10/09/mgb-evaluates-qualifications-of-foreigners-working-in-bicol-mines/

107 http://balita.ph/2012/10/09/mgb-evaluates-qualifications-of-foreigners-working-in-bicol-mines/

108 http://www.nickelasia.com/corporateStructure.html

109 http://www.pse.com.ph/resource/corpt/2013/NIKL_Top100_Mar2013.pdf

112 http://bhpbillitonwatch.net/2009/10/21/pujada-hallmark-nickel-laterite-project-profile/

111 http://www.gmanetwork.com/news/story/165469/economy/companies/bhp-billiton-amcor-settle-dispute-on-nickel-project

114 http://pse.com.ph/resource/corpt/2013/MAC_Top100_Mar2013.pdf

113 http://www.reuters.com/finance/stocks/companyProfile?symbol=CDCP.L

Page 22: Some Notes on the Philippine Mining Act of 1995.doc

mineral

deposits

Apex Mining Co., Inc.

Maco, Compostela

Valley

679.0200 Copper and other associated

mineral deposits

With foreign equity116

Benguetcorp Nickel Mines, Inc.

Sta. Cruz, Zambales

1,406.7362 Chromite, nickel and other

associated mineral deposits

Wholly-owned subsidiary of Benguet Corp.117 (with foreign equity118)

Citinickel Mines and

Development Corporation

Narra and Sofronio

Española, Palawan

2,176.0000 Nickel, chromite and other

associated mineral deposits

94% owned by Oriental Peninsula Resources Group, Inc.119 (with foreign equity120)

Apex Mining Co., Inc.

Maco and Mabini,

Compostela Valley

1,558.5285 Gold, copper, silver, zinc and

other associated mineral

deposits

With foreign equity121

Page 23: Some Notes on the Philippine Mining Act of 1995.doc

Berong Nickel Corporation

Quezon, Palawan

288.0000 Nickel, iron, cobalt, chromite

and other associated mineral

deposits

Joint venture company formed by UK-based Toledo Mining Corporation (TMC)122 and Atlas Consolidated Mining and Development Corporation (with foreign equity123)

Holcim Philippines, Inc.

Balaoan, La Union

246.4756 Limestone and other

associated mineral deposits

Subsidiary of a Switzerland-based firm with a global presence124

Holcim Philippines, Inc.

Bacnotan and Balaoan,

La Union

259.0831 Limestone and other

associated mineral deposits

Subsidiary of a Switzerland-based firm with a global presence125

Hinatuan Mining Corporation

Tagana-an, Surigao del

Norte (within Parcel II

Surigao Mineral

Reservation)

773.7700 Nickel and other associated

mineral deposits

Subsidiary of Nickel Asia Corp126. (with foreign equity127)

Ludgoron Mining

Pantukan, Carrascal,

3,248.0626 Nickel, cobalt and other

Taganito Mining Corporation, a subsidiary of Nickel Asia Corp128. (with foreign equity129) maintains

Page 24: Some Notes on the Philippine Mining Act of 1995.doc

Corporation Surigao del Sur (within

Parcel I Surigao Mineral

Reservation)

associated mineral deposits

Ludgoron’s mining rights via an “operating agreement”130

Fastem Construction

Incorporated

Dulag and Mayorga,

Leyte

4,438.4775 Iron, cobalt, gold and other

associated mineral deposits

Korean-owned131

Dabawenyo Minerals Corp.

Mati and Lupon, Davao

Oriental

5,906.6100 Molybdenum, copper, gold

and other associated mineral

deposits

Joint venture with Japanese firm Hanwa Co. Ltd.132

Phil. Youbang Mining

International Corporation

Mati and Lupon, Davao

Oriental

1,010.4200 Molybdenum, copper, gold

and other associated mineral

deposits

Chinese-owned133

Investwell Resources, Inc.

Jose Panganiban,

333.1983 Gold, silver, copper, iron and

Foreign-established and -led firm134

Page 25: Some Notes on the Philippine Mining Act of 1995.doc

Camarines Norte

other associated mineral

deposits

Manila Mining Corp.

Placer, Surigao del Sur

211.5000 Gold, silver, copper and

other associated mineral

deposits

With foreign equity135

Strong Built Mining

Development Corp.

Dulag and Mayorga,

MacArthur, Javier and

Abuyog, Leyte

7,411.5560 Magnetite sand and other

associated mineral deposits

Formed a joined venture with a Japanese firm, and a service contract agreement with Heng Sheng Mining Corp., a Chinese firm136

Filminera Resources Corp.

Aroroy, Masbate

129.7217 Gold and other associated

mineral deposits

Under the Australia-based firm Central Gold Asia (CGA) Mining Ltd.137

Filminera Resources Corp.

Aroroy, Masbate

126.1442 Gold and other associated

mineral deposits

Under the Australia-based firm Central Gold Asia (CGA) Mining Ltd. 138

Geogen Dinapique, 2,391.8041 Nickel, iron, Signed an exclusive operating agreement with

Page 26: Some Notes on the Philippine Mining Act of 1995.doc

Corporation Isabela cobalt, chromite

and other associated mineral

deposits

NiHAO Mineral Resources International139 (with foreign equity140)

Philsaga Mining Corporation

Bunawan and Rosario,

Agusan del Sur

2,538.7919 Gold and other associated

mineral deposits

“Under the supervision of Australian firm Medusa Mines141”

Sinophil Mining and Trading

Corporation

Mati and Governor

Generoso, Davao

Oriental

2,364.9535 Chromite, nickel and other

associated mineral deposits

Chinese-owned142

Atlas Consolidated Mining and

Development Corporation and

Anatolia Jaca, Asterio Buqueron,

Toledo City, Cebu

648.0159 Copper, gold and other

associated mineraL deposits

Atlas has foreign equity143

Page 27: Some Notes on the Philippine Mining Act of 1995.doc

Cristeta C. Bagano, Lucila

Pascual, Mercedes Aytona,

Regina De Vera, Ricardo A.

Verches and Biga Copper

Mines, Inc., as represented by

Atlas Consolidated Mining and

Development Corporation

Taganito Mining Corporation

Claver, Surigao del Norte

4,584.5145 Nickel and other associated

mineral deposits

Subsidiary of Nickel Asia Corp144 (with foreign equity145)

Holcim Philippines, Inc.

Davao City 642.1537 Limestone and other

associated

Subsidiary of a Switzerland-based firm with a global presence146

Page 28: Some Notes on the Philippine Mining Act of 1995.doc

mineral deposits

Heirs of Baldomero Nevada Sr.,

Trinidad Nevada & Baldomero

Nevada, Jr. as represented by

Philex Mining Corporation

Tuba, Benguet 80.6688 Copper, Gold and other

associated mineral deposits

Philex has foreign equity147

Aglubang Mining Corp.

Sablayan, Occidental

Mindoro

4,686.0800 Nickel and other assiciated

minerals

Subsidiary of Intex Resources ASA, a Norway-based firm 148

Greenstone Resources Corp.

Surigao City and Sison

and Tagana-an, Surigao

Del Norte

1,481.6600 Copper, Gold and other

associated mineral deposits

Majority shares owned by Australian firm Red 5 Ltd.149

Holcim Philippines

Manufacturing Corporation

Iligan City and Lugait,

Misamis Oriental

433.4240 Limestone, shale and other

associated mineraL

Subsidiary of a Switzerland-based firm with a global presence150

Page 29: Some Notes on the Philippine Mining Act of 1995.doc

deposits

Century Peak Corp.

Loreto and Libjo, Dinagat

Islands (within Parcel III

Surigao Mineral

Reservation)

3,188.2566 Nickel and other associated

mineral deposits

With foreign equity151

Apo Land and Quarry Corp.

Naga City, Cebu

129.9617 Limestone and other

associated mineral deposits

“Under CEMEX Philippines Group of Companies' wing”152; CEMEX Philippines is a subsidiary of a Mexico-based firm with a global presence153

Apo Land and Quarry Corp.

Naga City, Cebu

84.1550 Limestone and other

associated mineral deposits

“Under CEMEX Philippines Group of Companies' wing”154; CEMEX Philippines is a subsidiary of a Mexico-based firm with a global presence155

Geotechniques and Mines, Inc.

Midsalip, Zamboanga del

Sur

592.5877 Iron, gold and other

associated mineral deposits

“Purportedly a Chinese firm156”

Cambayas Mining Corporation

Guiuan, Eastern Samar

3,516.2015 Chromite and other

40% owned by Korean consortium Korean consortium “composed of state-controlled Korea Resources Corp. (KORES), Korea Infrastructure

Page 30: Some Notes on the Philippine Mining Act of 1995.doc

associated mineral deposits

Investments Asset Management (KIAMCO) and K&P Partners Investment”157

Holcim Philippines, Inc.

Mati, Davao Oriental

254.9595 Silica and other associated

mineral deposits

Subsidiary of a Switzerland-based firm with a global presence158

Holcim Philippines, Inc.

Norzagaray and Dona

Remedios Trinidad,

Bulacan

1,167.1133 Limestone, silica, shale and

other associated mineral

deposits

Subsidiary of a Switzerland-based firm with a global presence159

Holcim Philippines, Inc.

Agno, Pangasinan

328.9000 Silica and other associated

mineral deposits

Subsidiary of a Switzerland-based firm with a global presence160

Guo Long Mining Corporation

Jose Panganiban,

Camarines Norte

595.6522 Iron, gold and other

associated mineral deposits

Chinese-owned161

Yinlu Bicol Mining Corporation

Paracale, Camarines

663.0746 Iron, gold and other

Chinese firm162

Page 31: Some Notes on the Philippine Mining Act of 1995.doc

Norte associated mineral deposits

Altai Philippines Mining

Corporation

San Fernando, Romblon,

Sibuyan Island

1,580.8010 Nickel, iron, cobalt, chromite

and other associated mineral

deposits

40% owned by Altai Resources, Inc., a Canada-based firm163

Atlas Consolidated Mining and

Development Corporation

Tolido City and Naga

Cebu

1,274.1270 Copper, gold and other

associated mineral deposits

With foreign equity164

Dayap Mines, Inc.

Mamburao, Occidental

Mindoro

1,582.3070 Iron and other associated

mineral deposits

70% owned by TKC Steel Corp.165 (with foreign equity)166

Peng Cheng Metallic Resources

Corporation

Siayan, Zamboanga del

Norte

1,134.0000 Gold, copper, silver and

other associated mineral

deposits

Chinese-owned167

Page 32: Some Notes on the Philippine Mining Act of 1995.doc

Apo Land and Quarry

Corporation

Carcar, Cebu 505.0642 Limestone, silica and other

associated mineral deposits

“Under CEMEX Philippines Group of Companies' wing”168; CEMEX Philippines is a subsidiary of a Mexico-based firm with a global presence169

Oro-East Tarragona and 7,798.2387 Gold, copper, US-based firm170

168 http://www.cemexphilippines.com/co/co_ac_hi.html

169 http://www.cemex.com/AboutUs/History.aspx

124 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

125 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

126 http://www.nickelasia.com/corporateStructure.html

127 http://www.pse.com.ph/resource/corpt/2013/NIKL_Top100_Mar2013.pdf

115 http://pse.com.ph/resource/corpt/2013/MAC_Top100_Mar2013.pdf

121 http://pse.com.ph/resource/corpt/2013/APX_Top100_Mar2013.pdf

116 http://pse.com.ph/resource/corpt/2013/APX_Top100_Mar2013.pdf

117 http://business.inquirer.net/82510/benguetcorp-nickel-mines-approves-p150m-cash-dividend

118 http://pse.com.ph/resource/corpt/2013/BC_Top100_Mar2013.pdf

119 http://www.orientalpeninsula.com/

120 http://pse.com.ph/resource/corpt/2013/ORE_Top100_Mar2013.pdf

122 http://www.tmmphil.com/

123 http://pse.com.ph/resource/corpt/2013/AT_Top100_Mar2013.pdf

Page 33: Some Notes on the Philippine Mining Act of 1995.doc

Mining Company, Inc.

Manay,

Davao Oriental

silver, zinc and

other associated mineral

deposits

128 http://www.nickelasia.com/corporateStructure.html

129 http://www.pse.com.ph/resource/corpt/2013/NIKL_Top100_Mar2013.pdf

130 http://www.nickelasia.com/NAC_17A_2010_v.1.4.pdf

131 http://www.fastem.net/about/key.asp?subcode=0102

132 http://www.intellasia.net/dabawenyo-minerals-hanwa-jv-deal-over-mati-mine-still-a-go-86316

133 http://afrim.org.ph/new_web/m_news-page.php?nid=6176#.Ubm58Nj4LdE

134 http://www.investwellresources.com/en/overview.html

135 http://www.pse.com.ph/resource/corpt/2013/MA_Top100_Mar2013.pdf

136 http://www.businessmirror.com.ph/index.php/en/news/regions/2847-china-company-eyes-massive-extraction-of-black-sand-in-leyte

137 http://bicoltoday.com/?p=2172

138 http://bicoltoday.com/?p=2172

140 http://www.pse.com.ph/resource/corpt/2013/NI_Top100_Mar2013.pdf

141 http://newsinfo.inquirer.net/92419/mine-inspector-shot-dead-in-agusan-del-sur

142 http://www.sunstar.com.ph/davao/business/chinese-investors-mull-mining-real-estate-projects-davor

143 http://pse.com.ph/resource/corpt/2013/AT_Top100_Mar2013.pdf

Page 34: Some Notes on the Philippine Mining Act of 1995.doc

Apo Land and Quarry

Corporation

Carcar, Cebu 420.9131 Limestone, silica and other

associated mineral deposits

“Under CEMEX Philippines Group of Companies' wing”171; CEMEX Philippines is a subsidiary of a Mexico-based firm with a global presence172

Apo Land and Naga City, 140.2452 Greywache, “Under CEMEX Philippines Group of Companies'

144 http://www.nickelasia.com/corporateStructure.html

139 http://www.malaya.com.ph/index.php/business/business-news/6337-nihao-gets-rights-over-isabela-mine

145 http://www.pse.com.ph/resource/corpt/2013/NIKL_Top100_Mar2013.pdf

146 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

147 http://www.pse.com.ph/resource/corpt/2013/PX_Top100_Mar2013.pdf

148 http://archives.pia.gov.ph/?m=12&fi=p080229.htm&no=64

149 http://www.philstar.com/business/805755/greenstone-resources-makes-1st-shipment-gold

150 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

151 http://www.pse.com.ph/resource/corpt/2013/CPM_Top100_Mar2013.pdf

152 http://www.cemexphilippines.com/co/co_ac_hi.html

153 http://www.cemex.com/AboutUs/History.aspx

154 http://www.cemexphilippines.com/co/co_ac_hi.html

155 http://www.cemex.com/AboutUs/History.aspx

156 Mining in the Philippines Concerns and conflicts. Report of a Fact-Finding Trip to the Philippines. July-August 2006. Copyright Columban Fathers 2007. First Published 2007 by Society of St. Columban, Widney Manor Rd., Knowle, Solihull B93 9AB, West Midlands, UK. Report written by Cathal Doyle, Clive Wicks and Frank Nally. Edited by Mara Stankovitch, Geoff Nettleton and Andrew Whitmore. p.3

Page 35: Some Notes on the Philippine Mining Act of 1995.doc

Quarry

Corporation

Cebu sandstone,

bentonite, silica and other

associated

wing”173; CEMEX Philippines is a subsidiary of a Mexico-based firm with a global presence174

www.eccr.org.uk%2Fmodule-Downloads-prep_hand_out-lid-15.html

157 http://www.abs-cbnnews.com/business/07/12/12/korean-consortium-acquires-40-ph-chromite-miner

158 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

159 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

160 http://www.holcim.com.ph/about-us/corporate-profile.html http://www.holcim.com/about-us/company-profile.html

161 http://www.fjguolong.com/en/about.aspx?introCateId=1656&CateId=1656

162 http://newsinfo.inquirer.net/inquirerheadlines/regions/view/20080507-135028/Chinese-firm-takes-control-of-Camarines-Norte-mine-area

163 http://www.altairesources.com/page.aspx?id=24

164 http://pse.com.ph/resource/corpt/2013/AT_Top100_Mar2013.pdf

165 http://www.philstar.com/business/794105/tkc-steel-set-acquire-control-mindoro-project

166 http://www.pse.com.ph/resource/corpt/2013/T_Top100_Mar2013.pdf

167 Philippine Resources. Mining, Petroleum and Energy Journal. Issue 2 2011, May-July. “The China Factor: Bending the ‘Small-scale’ Mining Rules.” p.14. http://issuu.com/philippineresources/docs/phil_resources_issue_4_may-jul_2011_web

170 http://www.oroeast.com/about-us/

171 http://www.cemexphilippines.com/co/co_ac_hi.html

172 http://www.cemex.com/AboutUs/History.aspx

Page 36: Some Notes on the Philippine Mining Act of 1995.doc

mineral deposits

Aam-Phil Natural Resources

Exploration and Development

Corporation

Basilisa and San Jose,

Dinagat Islands (Parcel II

of Surigao Mineral

Reservation)

1,680.8106 Nickel and other associated

mineral deposits

Subsidiary of Chinese firm CITIC United Asia Investments Limited175

Filminera Resources

Corporation

Aroroy, Masbate

584.2034 Gold and other associated

mineral deposits

Under the Australia-based firm Central Gold Asia (CGA) Mining Ltd.176

Maharlika Dragon Mining

Corporation

Polanco, Sergio Osmena

and kalawit, Zamboanga

del Norte and Ipil,

Zamboanga Sibugay

7,868.6651 Chromite and other

associated mineral deposits

“Affiliate of Century Peak Metals Holding Corporation177” (with foreign equity178)

Apo Land and Quarry

Corporation

Naga and San Fernando,

Cebu

170.9886 Limestone and other

associated

“Under CEMEX Philippines Group of Companies' wing”179; CEMEX Philippines is a subsidiary of a Mexico-based firm with a global presence180

Page 37: Some Notes on the Philippine Mining Act of 1995.doc

mineral deposits

Peniel Resources Mining

Corporation

Offshore areas of

Sanchez Mira,

Pamplona, Abulug,

Ballesteros, Aparri,

Buguey and Gonzaga,

Cagayan

14,860.0000 Magnetite and other

associated mineral deposits

US-based firm Nexsun Corp. has investments on Peniel181

T & T Resources and Mining

Corporation

Offshore areas of

Sanchez Mira,

Pamplona, Abulug,

Ballesteros, Aparri,

Buguey and Gonzaga,

Cagayan

14,710.0000 Magnetite and other

associated mineral deposits

US-based firm Nexsun Corp. has investments on T & T Resources and Mining182

J & M Resources and

Offshore areas 9,854.0000 Magnetite and US-based firm Nexsun Corp. has investments on J & M Resources and Mining183

Page 38: Some Notes on the Philippine Mining Act of 1995.doc

Mining

Corporation

of

Abulug, Ballesteros,

Aparri, Buguey and

Gonzaga, Cagayan

other

associated mineral deposits

Aglubang Mining Corp.

Victoria, Oriental

Mindoro

863.9107 Nickel and other associated

mineral deposits

Subsidiary of Intex Resources ASA, a Norway-based firm 184

174 http://www.cemex.com/AboutUs/History.aspx

175 http://www.citicua.com/eng/businesses/mining.htm

176 http://bicoltoday.com/?p=2172

177 http://ph.news.yahoo.com/firm-breaks-ground-chromite-plant-20110315-092552-249.html

178 http://www.pse.com.ph/resource/corpt/2013/CPM_Top100_Mar2013.pdf

179 http://www.cemexphilippines.com/co/co_ac_hi.html

180 http://www.cemex.com/AboutUs/History.aspx

181 http://www.gmanetwork.com/news/story/200995/economy/nexsun-says-aquino-encouraged-it-to-invest-in-rp

182 http://www.gmanetwork.com/news/story/200995/economy/nexsun-says-aquino-encouraged-it-to-invest-in-rp

Page 39: Some Notes on the Philippine Mining Act of 1995.doc

Alagag Mining Corporation

Sablayan, Occidental

Mindoro

3,474.7438 Nickel and other associated

mineral deposits

Subsidiary of Intex Resources ASA, a Norway-based firm185

Das-agan Mining Corporation

Lingig and Barobo,

Surigao del Sur

3,809.5449 Gold, copper and other

associated mineral deposits

Subsidiary of Australia-based Medusa Mining Ltd.186

Philex Gold Philippines, Inc. ;

and Rosario Mining

Development Company, Rosario

Consolidated Mining Corporation

and Sta. Irene Mining

Lianga and Barobo,

Surigao del Sur

6,207.6210 Gold and other associated

mineral deposits

Subsidiary187 of Philex Mining Corporation, a firm with foreign equity188

185 http://archives.pia.gov.ph/?m=12&fi=p080229.htm&no=64

186 http://www.asx.com.au/asxpdf/20120829/pdf/428c1kxjgn8b7g.pdf p.119

Page 40: Some Notes on the Philippine Mining Act of 1995.doc

Corporation as Represented by

Philex Gold Philippines, Inc

173 http://www.cemexphilippines.com/co/co_ac_hi.html

183 http://www.gmanetwork.com/news/story/200995/economy/nexsun-says-aquino-encouraged-it-to-invest-in-rp

184 http://archives.pia.gov.ph/?m=12&fi=p080229.htm&no=64

187 http://www.philexmining.com.ph/about-us/corporate-profile

188 http://www.pse.com.ph/resource/corpt/2013/PX_Top100_Mar2013.pdf