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.

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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 Surigao Mines

Area:               3,718 hectares

Minerals:        Copper, Gold

Location:        Marihatag, Surigao del Sur

Located within the famed "Gold Belt" of the south part of the Philippines, the MRC Surigao Copper-Gold Project is the company's second mining acquisition.

 
MRC Davao Mines

Area:               8,470 hectares

Minerals:        Copper, Gold

Location:        Paquibato, Davao Del Norte

 

The MRC Davao Gold-Copper Project is located southeast of the Bukidnon-Davao porphyry copper-gold prospect of Indophil Resources NL within the Central Midanao Cordillera region.

 
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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.

 

© 2017 by The MRC Group of Companies

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