Digging for profits: Who owns PH mines?


QUICK FACTS

Name of mining firm: Berong Nickel Corp.
Location: Quezon, Palawan
Mining area: 288 hectares
Metals extracted/mine products: Nickel
Nickel production (2020): 719,251 dry metric tons (direct shipping ore) valued at P1,061,060,654
Mining permit period: 2007-2031

 

OWNERSHIP

Incorporation date: Sept. 27, 2004

Stockholders: 
Nickeline Resources Holdings Inc.
ENK LTD.
Toledo Mining Corp. Ltd.
Reyes, Tulsi Das C.
Simbulan, Cesar Jr. F.
Ramos, Adrian S.
Consunji, Isidro A.
Consunji, Jorge A.
Dybuncio, Frederic C.

Chairperson of the Board: Consunji, Isidro A.

 

MINING REVENUE 

Current assets: P668.64 million (2019)
Current liabilities: P381.06 million (2019)
Total revenue: P1.33 billion (2019)
Net income: P319.4 million (2019)

 

STATUS OF OPERATIONS

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

In July 2020, Environment Undersecretary Benny Antiporda was quoted in a news report as saying 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., Strong Built Mining Development Corp., and Zambales Diversified Metals Corp.

 

COMMUNITY PROFILE

Municipality class of mining location: Quezon, Palawan (1st class)
Population: 60,980 (2015)
Poverty incidence rate: 39.1% (2015)
Human Development Index: 0.58 (2012, provincial)
Indigenous peoples living within or near the mining location: Pala'wan, Tagbanua

 

IN THE NEWS

LIST: Mining companies allowed to operate again by Duterte gov't

 

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.