Digging for profits: Who owns PH mines?


QUICK FACTS

Name of mining firm: Strong Built Mining Dev. Corp.
Location: Dulag, Mayorga, MacArthur, Javier and Abuyog in Leyte
Mining area: 7,411.56 hectares
Metals extracted/ mine products: Magnetite sand
Mining permit period: 2007-2032

 

OWNERSHIP

Incorporation date: Sept. 17, 1999

Stockholders: 
Rama, Chandran R.
Rama, Maria Aimee S.
Alvero, Jorge Jr. R.
Santos, Cedric A.
Rodriguez, Eduardo T.
Villapano, Mikhail Rhuy D.
Santos, Maria Trina A.

Chairperson of the Board: Rama, Chandran R.

 

MINING REVENUE 

Current assets: P37 million (2017)
Current liabilities: P35 million (2017)
Total revenue: P530,393 (2016)
Net income: -P6.5 million (2017)

 

STATUS OF OPERATIONS

On Feb. 8, 2017, the Department of Environment and Natural Resources (DENR) issued an order cancelling Strong Built’s operations. 

In July 2020, Environment Undersecretary Benny Antiporda was quoted as saying in a news report that the company, along with other four firms, were “granted approval by the Office of the President (OP) after complying with mining laws.” The other firms that were allowed to resume operations were Emir Mineral Resources Corp., Carrascal Nickel Corp., Berong Nickel Corp., and Zambales Diversified Metals Corp.

 

IN THE NEWS

Mine closures, suspensions affirmed
DENR announces closure of 23 mining operations
LIST: Mining companies allowed to operate again by Duterte gov't

 

Sources: 

General Information Sheet, 2019
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.