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Libjo Mining Corporation

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Libjo Mining Corporation Republic of the Philippines Department of Environment and Natural Resources MINES AND GEOSCIENCES BUREAU Libjo Mining Corporation Employment Region: Region XIII (CARAGA) 484 (company employed as of 2017) Province: Province of Dinagat Quickfacts While estimates vary, it is Islands conservatively projected that for every Municipality: Tubajon and Libjo basic job in the mining company, about Barangays: 9 and 16 The Philippine government four (4) ancillary and indirect jobs may Population of Tubajon and Libjo be generated in the upstream and (as of 31 August 2015): promotes the rational downstream sectors. Population: 8,276 and 17,760 exploration, development, Density: 92/km2 (240/sq mi) utilization and conservation of and 98/km2 (250/sq mi) Estimated total cost of labor at the mine mineral resources guided by its site is about PhP40.02 Million in CY Land Area: 9,000 hectares and commitment to responsible 18,057 hectares 2017. Said amount includes salaries Income Classification: 5th class minerals development. and wages, overtime pay, extra benefits municipalities both in cash and in kind, among others. Major economic activities: Nickel mining, farming and fishing The emergence of small enterprises/ businesses in the host and neighboring communities due to the presence of mining operations in the area, and the Economic Growth livelihood projects supported by the 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 adequate protection of Environmental Protection and the rights and privileges Management of mining investors. The Philippine government Economic Contribution ensures the adequate protection of the environment, before, Mining Project General Information Mining Investments during mining operations and PhP278.62 Million (Estimated as of beyond the life of the mine. December 2017) Mineral Production Sharing Agreement (MPSA) Contractor: Social Development and Gross Output Libjo Mining Corporation Management Program Mining Tenement: MPSA No. 227,975 Dry Metric Tons of PhP11.89 Million (2017) 233-2007-XIII (SMR) nickel ore (estimated 2017) Amount committed by the company for Date Approved: June 8, 2007 the development of its host and Date of Expiration: June 8, 2032 Exports neighboring communities through the Term of MPSA: 25 years; 234,418 DMT worth approved Social Development and renewable for another term not US$6.70 Million Management Program (SDMP). Around exceeding 25 years (estimated 2017) four (4) barangays stand to benefit from Contract Area: 4,226.27 hectares China is the company’s major market. the implementation of its approved or 12.95% of Tubajon’s and SDMP. 16.95% of Libjo’s total land area. Taxes & Fees Paid (2017) However, it should be emphasized PhP12.91 Million Environmental Protection and that said area is still subject to Amount of national and local taxes, Rehabilitation mandatory relinquishment as fees and royalties generated and PhP33.93 Million (2017) provided by law. contributed to the Philippine economy Amount committed by the company for Location: Tubajon and Libjo, in 2017. the implementation of approved Province of Dinagat Islands plans/programs/projects/activities under Mineral Commodity: Chromite, Nickel, and other associated Social Equity and Development its Environmental Protection and mineral deposits Enhancement Program, and Final Mine Rehabilitation and/or Decommissioning Mineral Resource: 30.08 Million The Philippine government Plans, respectively. MT @ 1.55% Ni (As of 2017) recognizes the rights and Office Address: 4th Floor Low participation of the communities and Mining Forest Program Rise Pacific Star Bldg. Sen. Gil Indigenous Peoples and ensures the Puyat cor. Makati Avenue, Makati 21,903 seedlings (2017) fair and equitable sharing of benefits City Number of seedlings planted by the among the company, the government Company Structure: 60% mining company in more than 4.03 Filipino and 40% Chinese and host communities. hectares of mined-out and other areas 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 Regional Office No. XIII April 2018.
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