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Agata Mining Ventures, Inc. Quickfacts

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Agata Mining Ventures, Inc. Quickfacts Republic of the Philippines Department of Environment and Natural Resources MINES AND GEOSCIENCES BUREAU Region: Region XIII (CARAGA) Agata Mining Ventures, Inc. Employment Province: Agusan del Norte 401 (company employed as of 2017) Municipality: Jabonga, Santiago Quickfacts While estimates vary, it is and Tubay conservatively projected that for every Barangays: 15, 9 and 13 basic job in the mining company, about Population of Jabonga, Santiago The Philippine government four (4) ancillary and indirect jobs may and Tubay (as of 31 August 2015): promotes the rational be generated in the upstream and Population: 23,184, 24,200 and exploration, development, downstream sectors. 24,932 utilization and conservation of Density: 79/km2 (200/sq mi), mineral resources guided by its Estimated total cost of labor at the mine 2 2 site is about PhP89.58 Million in CY 88/km (230/sq mi) and 180/km commitment to responsible (470/sq mi) 2017. Said amount includes salaries minerals development. Land Area: 29, 300 hectares, 27, and wages, overtime pay, extra benefits 561 hectares and 13, 809 both in cash and in kind, among others. hectares Income Classification: 3rd, 4th The emergence of small enterprises/ and 4th class municipalities businesses in the host and neighboring Major economic activities: Nickel communities due to the presence of mining, farming and fishing mining operations in the area, and the livelihood projects supported by the Economic Growth mining companies, which generate both employment and income, cannot be The Philippine discounted. These economic activities government commits to will naturally stimulate the local provide a competitive economy. investment climate and Environmental Protection and adequate protection of Management the rights and privileges of mining investors. The Philippine government Economic Contribution ensures the adequate protection Mining Project General of the environment, before, Information Mining Investments PhP90.72 Million during mining operations and Mineral Production Sharing (Estimated as of December 2017) beyond the life of the mine. Agreement (MPSA) Contractor: Agata Mining Ventures, Inc. Gross Output Social Development and Mining Tenement: MPSA No. Management Program 2.90 Million Metric tons of nickel 134-99-XIII PhP17.25 Million (2017) ore worth PhP2.33 Billion Date Approved: May 26, 1999 Amount committed by the company for (estimated, 2017) Date of Expiration: May 26, the development of its host and 2024 Exports neighboring communities through the Term of MPSA: 25 years; 2.90 Metric tons worth PhP2.33 approved Social Development and renewable for another term not Billion or US$46.60 Million Management Program (SDMP). Around exceeding 25 years (estimated, 2017) eleven (11) barangays stand to benefit Contract Area: 7,679.00 China is the company’s major market. from the implementation of its approved hectares or 0.60% of Jabonga, SDMP. 18.30% of Santiago and 17.82% Taxes & Fees Paid (2017) of Tubay’s total land area. PhP191.37 Million Environmental Protection and However, it should be emphasized Amount of national and local taxes, Rehabilitation that said area is still subject to fees and royalties generated and PhP49.99 Million (2017) contributed to the Philippine economy mandatory relinquishment as Amount committed by the company for in 2017. provided by law. the implementation of approved Location: Jabonga, Santiago and plans/programs/projects/activities under Tubay, Agusan del Norte its Environmental Protection and Mineral Commodity: Iron, Nickel Social Equity and Development Enhancement Program, and Final Mine and other associated mineral Rehabilitation and/or Decommissioning deposits The Philippine government Plans, respectively. Mineral Resource: 10.70 Million recognizes the rights and MT @ 0.90% Ni and 18.54% Fe participation of the communities and Mining Forest Program (As of December 2017) Indigenous Peoples and ensures the 35,293 seedlings (2017) Office Address: 22nd Floor fair and equitable sharing of benefits Number of seedlings planted by the Equitable PCI Bank Tower, Paseo among the company, the government mining company in more than 48.37 de Roxas, Makati City and host communities. Company Structure: 85% Filipino hectares of mined-out and other areas and 15% Canadian as of December 2017. “Mining shall be pro-people and pro-environment in sustaining wealth creation and improved quality of life” © Mines and Geosciences Bureau April 2018.
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