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
13,277,470,000
PREFERRED
960
11. Indicate the item numbers reported herein
ITEM NO. 9
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.
DMCI Holdings, Inc.DMC
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Berong Nickel earmarks P110M for final mine rehab
Background/Description of the Disclosure
Berong Nickel Corporation (BNC) has set aside P110 million to decommission and rehabilitate its Berong mine in Quezon, Palawan. Most of the budget will be used to stabilize the mined out area through benching, drainage construction and planting of endemic and indigenous trees.
To be conducted over a six-year period, the Berong final rehabilitation program covers 109 hectares of surface mine, 209 hectares of silt control structures and 25 hectares of stockpile area. The program is expected to generate 135 jobs.
“Our end goal is to restore and enhance the mined land so its economic and ecological value is similar to, if not better than, when we started operations in the area,” said DMCI Mining president Tulsi Das C. Reyes.
After rehabilitation, the disturbed areas could be used for eco-tourism, agro-forestry and inland fish farming by the Department of Environment and Natural Resources (DENR), local government units (LGUs) and host communities.
Around 14 hectares of mine access road will also be rehabilitated and turned over to the community for their use.
The Berong mine opened in October 2006 and is expected to be fully depleted by year-end. Aside from generating 1,634 direct and indirect jobs, the mining operations yielded 10.3 million wet metric tons (WMT) of nickel ore and P2.6 billion-worth of mining duties, royalties and taxes.
Community investments through the BNC Social Development and Management Program (SDMP) also reached around P185 million. These investments include infrastructure, livelihood assistance, scholarships, among others.