Mining Exploration
The abundant mineral deposits and recent government pronouncements prompted MRC to pursue the opportunity for a shift in business strategy.
Global trends in metal prices and the preference for gold as the stable reserve definitely add value to mining resources available worldwide.
Key acquisitions by MRC over the last several years include mining assets in various areas of Tampakan, Surigao, Davao and Boston-Cateel Mines with an aggregate area of over 25,000 hectares.
Php0.5 B
Asset Book Value
Dec 31, 2016
MRC Tampakan Mines
Area: 7,955 hectares
Minerals: Copper, Gold
Location: Kiblawan, Davao Del Sur and Columbio, Sultan Kudarat,
MRC Tampakan Project is MRC’s flagship venture into mining exploration.
This copper-gold tenement is situated next to Xstrata’s Tampakan project in Mindanao - the largest copper-gold reserve in Asia and the 5th largest the world, which project explores 2.4 billion tonnes grading at 0.6% copper and over 15 million ounces of gold.
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MRC Boston-Cateel
Area: 9,720 hectares
Minerals: Gold
Location: Boston, Davao Oriental and Cateel, Davao Oriental
This is MRC's fourth mining asset acquisition and is situated at the foot of Mt. Diwalwal, an area with proven Gold reserves, neighboring both small-scale and large-scale active mining projects.
