C02807-2018

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Apr 25, 2018
2. SEC Identification Number
40621
3. BIR Tax Identification No.
000-284-138
4. Exact name of issuer as specified in its charter
Apex Mining Co., Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
3304B West Tower Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City Postal Code 1605
8. Issuer's telephone number, including area code
(02) 706-2805
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Share 6,227,887,491
Outstanding Debt 3,863,628,793
11. Indicate the item numbers reported herein
Item 9. Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Apex Mining Co., Inc.APX

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Reports

Source philstar.com
Subject of News Report DENR limits areas for mining activities
Date of Publication Apr 25, 2018
Clarification of News Report

In reply to your letter asking for a clarification in the news article of philstar.com:

“MANILA, Philippines — The Department of Environment and Natural Resources (DENR) is limiting the areas to be mined and developed as the government moves toward prioritizing environmental rehabilitation of the country’s mineral operations.

Based on its latest department administrative order, which is up for Environment Secretary Roy Cimatu’s signature, DENR is limiting production areas from 50 to 162 hectares depending on the mine’s annual production volumes.

Nickel mines that are producing up to one million metric tons annually will be allowed to work on 50 hectares and can reach up to 100 hectares for those with output of more than nine million MT.

Mine sites with processing plants can develop up to 162 hectares.

. . . .

The mining firms have also expressed concern over the schedule of the implementation of order. The DENR wants it implemented in the next six months.

. . . .”


At the moment, the Company is not in a position to comment on this news article as we have not seen the entirety of the said DENR department administrative order (DAO). The only information we have is what appeared in the newspapers which is not sufficient for us to give a full, fair, and accurate comments on its possible effects on the Company's operations and financial condition. We prefer to see the contents of the actual DAO for the Company to make a fair evaluation.

Other Relevant Information

None

Filed on behalf by:
Name Renato Migrino
Designation Treasurer