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Dizon Copper-Silver Mines, Inc.

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Company Description
Dizon Copper-Silver Mines, Inc. (DIZ) was incorporated on August 18, 1966 to acquire, purchase, lease, hold, work and operate mines, mining claims, grounds or lodes in the Philippines or in foreign countries. DIZ previously has 57 mineral claims in Barangay Buhawen, San Marcelino, Zambales with a total area of 513 hectares, which were developed and operated by Benguet Corporation (BC) for 20 years under the operating contract entered into by and between DIZ and BC on September 6, 1975.

After more than 20 years of occupation, exploration and operation of mineral claims in San Marcelino, Zambales, BC turned over its operating rights to DIZ by virtue of a Memorandum of Agreement dated November 25, 1997 following the closure of mining operations. Mining operations were forced to stop after a landslide caused by heavy rains destroyed mine infrastructures, accompanied by a sudden fall of metal prices in the world market. This made the rehabilitation of the mine facility and resumption of operations impossible.

With the suspension of its mining operations, the Company's present activities are confined to the care and maintenance of the mine site and the mining properties therein. DIZ's port facility, Port Dizon, located in Subic, Zambales may still be used as loading facility for ore and aggregates should the company resume mining operations. DIZ has continued to maintain the major dam structures to prevent overspill of the dam water.

On December 24, 2019, DIZ signed a deal with Sunplaza Development Corporation for the sale of its property in Barangay Matain, Subiz, Zambales.

Source: SEC Form 17-A (2019)
Security Information
Sector Mining and Oil
Subsector Mining
Corporate Life 50
Incorporation Date Aug 18, 1966
Number of Directors 9
Stockholders' Meeting as per By-Laws August - last Wednesday at 2 pm except holidays
Fiscal Year 12/31 (Month/Day)
External Auditor Sycip Gorres Velayo & Co.
Transfer Agent Professional Stock Transfer, Inc.
Contact Information
Business Address 7th Floor, Peaksun Building, Princeton St., cor. Shaw Blvd. Brgy. Wack-Wack, Greenhills East, Mandaluyong City
E-mail Address dcsmines@yahoo.com
Telephone Number (632) 8856-2013
Fax Number (632) 8856-2013
Website https://dizmining.com