Digging for profits: Who owns PH mines?


QUICK FACTS

Name of mining firm: CTP Construction and Mining Corp. 
Location: Carrascal, Surigao del Sur 
Mining area: 3,564 hectares; 321 hectares; 4,547.63 hectares
Metals extracted/mine products: Nickel
Nickel production (2020): Adlay Nickel Project (2,236,564 dry metric tons of direct shipping ore valued at P3,916,372,998) and Dahican Nickel Project (716,909 dry metric tons of direct shipping ore valued at P1,269,062,011)
Mining permit period: 2019-2044 (recently renewed); 2000-2025; 2007-2032 (operated by Carrascal Nickel Corp.)

CTP Construction and Mining Corp. holds three mineral production sharing agreements (MPSAs) in Carrascal, Surigao del Sur. Two are operated by CTP and one is operated by Carrascal Nickel Corp. 

According to the Mines and Geosciences Bureau’s (MGB) list of MPSAs as of Feb. 28, 2021, CTP’s MPSA with number 018-93-X was renewed on July 8, 2019 and will run until Oct. 22, 2044.

CTP’s MPSA with number 158-00-XIII (SMR) was assigned to Surigao Integrated Resources Corp. on Aug. 30, 2005.

CTP’s MPSA with number 243-2007-XIII (SMR) is operated by Carrascal Nickel Corp. The suspension on this MPSA was lifted in April 2019.

 

OWNERSHIP

Registration papers were not available.

Clarence T. Pimentel Jr. is listed as president of the firm, according to records of the Mines and Geosciences Bureau.

 

MINING REVENUE 

The financial statement was not available.

 

STATUS OF OPERATIONS

Three of the mining companies in Gina Lopez’s 2017 closure order are in Surigao del Sur, namely CTP Construction and Mining Corp., Carrascal Nickel Corp., and Marcventures Mining and Development Corp.

Carrascal Nickel Corp. operates CTP’s MPSA with number 243-2007-XIII (SMR). Carrascal Nickel Corp.’s motion for reconsideration was granted by DENR, which lifted the suspension of its mining operations in 2019.

 

COMMUNITY PROFILE

Municipality class of mining location: Carrascal, Surigao del Sur (4th class)
Population: 22,479 (2015)
Poverty incidence rate: 35.56% (2016)
Human Development Index: 0.55 (2012, provincial)
Indigenous peoples living within or near the mining location: Manobo

 

IN THE NEWS

14 large-scale mining firms in Caraga ‘up for closure’ – Sec. Lopez
14 mining firms still operating despite suspension order
Factbox: Philippines orders mine closures, suspensions in green campaign

 

Sources:

General Information Sheet, 2020
Financial Statement, 2019
List of existing Mineral Production Sharing Agreements, Mining and Geosciences Bureau
Philippine Metallic Mineral Production, Mines and Geosciences Bureau
Poverty and socioeconomic indicators, Philippines Statistics Authority

 

Note: The Human Development Index is a measure of how well a country has performed, not only in terms of real income growth, but also in terms of social indicators that measure people's ability to lead a long and healthy life, acquire knowledge and skills, and have access to the resources needed to afford a decent standard of living. An HDI value below 0.550 is considered low and below 0.399 is very low. The national average for the Philippines is 0.718 as of 2020.

This article was produced with the support of Internews' Earth Journalism Network.