Digging for profits: Who owns PH mines?


QUICK FACTS

Name of mining firm: LNL Archipelago Minerals Inc.
Location: Sta. Cruz, Zambales
Mining area: 951.57 hectares
Metals extracted/mine products: Nickel ore
Nickel production (2020): 290,853 dry metric tons (direct shipping ore) valued at P743,318,584 
Mining permit period: 2008-2033

 

OWNERSHIP

Incorporation date: Jan. 25, 2007

Stockholders: 
LNL Resources Inc. Domestic Corp.
Leonio, Lawrence N.
Leonio, Leonardo L.
Asuncion, Clarissa Teresita L.
Leonio, Carlo Leonardo N.
Reyes, Oscar S.
Castillo, Juan M.

Chairperson of the Board: Leonio, Lawrence N.

 

According to LNL’s webpage, the company is operating under the LNL Resources Inc., the mining division of the Leonio Group, whose other ventures include Petrolift Inc. and Leonio Land.

 

MINING REVENUE

Current assets: P313.82 million (2017)
Current liabilities: P413.01 million (2017)
Total revenue: P236.82 million (2017)
Export sales of nickel ore: P132.4 million (2017)
Net income: -P110.21 million  (2017)

 

STATUS OF OPERATIONS

Concerned citizens of Sta. Cruz, Zambales filed a petition for a Writ of Kalikasan, an injunction, against five mining firms (including LNL) in 2016. The Supreme Court granted the petition. But after petitions before the Court of Appeals, the provisional Writ of Kalikasan issued by the high court was lifted.

In 2017, the Department of Environment and Natural Resources (DENR) ordered the mine’s closure. The company continued operations pending the Mineral Industry Coordinating Council’s review ordered by the Office of the President.

 

COMMUNITY PROFILE

Municipality class of mining location: Sta. Cruz, Zambales (1st class)
Population: 58,151 (2015)
Poverty incidence rate: 23.7% (2015)
Human Development Index: 0.53 (2012, provincial)
Major sources of livelihood: Nickel mining, farming, fishing

 

IN THE NEWS

SC lifts writ of kalikasan against mining firm in Zambales
Zambales mining firms ordered to pay P3.2-M indemnity to farmers

 

Sources:

General Information Sheet, 2018
Financial Statement, 2017
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.