Documente Academic
Documente Profesional
Documente Cultură
SHS Department
TEC 304
Case Study
Ryan Timario
Jake Luga
Elaine Eñigo
Angelica Grabador
Leonaline Sanchez
Introduction
Mining has been an environmentally unfriendly activity throughout the
world.Mining is defined as the extraction of valuable minerals or other geological
materials from the earth which forms mineralized package of economic interest to the
miner wherein fact it is a site specific activity that is done at the sites where the minerals
existing. Mining affects all the components of environment and the impacts are either
permanent or temporary.It is evident that mining has considerable impacts on the
ecology and the surrounding areas (Samiksha S.,2016). Stewart Udall once said
“Mining is like a search and destroy mission”. (Richardson,2014).The mining industry is
very destructive and it doesn’t have to be.
Mining also brings several advantages and upper hand, It provides of raw
materials like metals and coal that said to be the mostly needed to build and maintain
modern industries and economies.
The minerals that are being extracted during mining activities are very essential
and needed to be protected and conserved to maintain ecological balance for
supporting life and to make the resources available for present and future generation.
Company Profile
Apex Mining Co., Inc. (the Company) was incorporated and registered with
the Philippine Securities and Exchange Commission on February 26, 1970 primarily to
carry on the business of mining, milling, concentrating, converting, smelting, treating,
preparing for market, manufacturing, buying, selling, exchanging and otherwise
producing and dealing in gold, silver, copper, lead, zinc brass, iron, steel and all kinds of
ores, metals and minerals. The Company listed its shares in the Philippine Stock
Exchange on March 7, 1974 and attained the status of being a public company under
the symbol APX.
In 1974, the Company commenced the operation of its Maco Gold Mine situated in the
Municipalities of Maco and Mabini in Compostela Valley.
On October 10 2014, the Company acquired 100% ownership over Monte Oro
Resources & Energy, Inc. (MORE) which has mining and non-mining business interests.
MORE’s mining interests in the Philippines consist of 100% ownership over Paracale
Gold Ltd. which, in turn, fully owns Coral Resources Philippines, Inc. and 40% of
Bulawan Mineral Resources Corporation, both located in the Municipality of Jose
Panganiban, Camarines Norte. MORE has mining interests in other countries consisting
of: (a) 100% shareholding in Minas de Oro Mongol LLC (a Mongolian company) which
owns 51% equity in Erdenejas LLC, a joint venture company holding a mining license in
Khar At Uul in Mongolia; (b) 90% shareholding in Monte Oro Mining Company Ltd.,
which is engaged in mining exploration in Sierra Leone, and in MORE Minerals SL
which is engaged in artisinal mining and gold trading in Sierra Leone; and (c) 3.92%
participation in National Prosperity Gold Production Group Ltd. which holds mining
claims and license from the government of Myanmar to develop and operate the gold
mine located at Moe di-Moe mi Region, Township, Mandalay Division, Myanmar, known
as the Maudi Taung Gold Mine. MORE’S non-mining businesses consist of a 52%
ownership over International Cleanvironment Systems, Inc., a company engaged in
solid waste management, and a 30% participating interest in Service Contract No. 72
for natural gas in the Sampaguita gas field offshore northwest of Palawan in the West
Philippine Sea.
Community Relation
The Company’s social responsibility towards the surrounding communities has
been its constant priority ever since its mine development in the area began. In 2007,
infrastructure was built that caters to the needs of the community. Projects include the
Teresa Elementary School, the Indigenous Peoples’ Office, the Road Maintenance
Program, relocation sites with amenities, and assistance in the electrification of the
Biucadan area. Activities organized for different sectors of the impact communities
include: the SPES program to train the youth for employment; the Inter-faith Forum to
facilitate productive exchange of views; the provision of technical assistance to the
Indigenous Peoples on their Ancestral Domain Sustainable Programs; and coordination
with local government on the implementation of its development programs. The
Sumpaw ng Inangsabong Mansaka Inc. – the recognized Indigenous Peoples’
organization in the area – was awarded one million Pesos advance royalty payment by
the Company for assistance with its projects. Such an award represents a level of
monetary support unprecedented in the experience of the Indigenous Peoples. Pilot
projects that have started in 2008; the Manpower Recruitment Project to ensure work
opportunities for the local settlers, initiated jointly by the four impact barangays and the
Indigenous Peoples of the area and tourism development of Barangay Mainit Hot
Spring.
Conclusion
References: