C00382-2025

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)
Jan 21, 2025
2. SEC Identification Number
ASO95002283
3. BIR Tax Identification No.
004-703-376-000
4. Exact name of issuer as specified in its charter
DMCI HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
DACON BLDG. 2281 CHINO ROCES AVENUE, MAKATI CITY Postal Code 1231
8. Issuer's telephone number, including area code
(632) 88883000
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 CLASS A 960
PREFERRED CLASS B 10,000,000
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

DMCI Mining set to expand operations with two new mines in 2025
Background/Description of the Disclosure

Emerging nickel producer DMCI Mining Corporation is on track to transition its operations from a single mine for most of 2024, to three active mines this year.

The Zambales Chromite Mining Company (ZCMC), located in Santa Cruz, Zambales, commenced operations in December 2024. The mine is expected to reach full operational capacity by the first quarter of 2025. ZCMC operates under an Environmental Compliance Certificate, permitting an annual production limit of 1 million wet metric tons (WMT).

In Palawan, the Berong Nickel Corporation (BNC) is preparing to restart production through its Long Point mine in Aborlan, which is in the final stages of securing its Mineral Production Sharing Agreement (MPSA).

“Our two new mines, ZCMC and BNC’s Long Point, mark a long-anticipated step forward for DMCI Mining. With increased production capacity and the Long Point port nearing completion, we are confident in delivering improved operational and financial performance this year,” said DMCI Mining president Tulsi Das C. Reyes.

In 2024, DMCI Mining invested Php 634 million in capital expenditures and plans to allocate Php 400 million in additional investments in 2025 to support the expansions.

“We’re targeting a combined annual production capacity of 3 million WMT from our three mines, including Zambales Diversified Metals Corporation (ZDMC), subject to the approval of necessary permits for Long Point,” Reyes added.

BNC’s Quezon, Palawan mine was fully depleted in 2021. Rehabilitation efforts began in 2022 and remain on track for completion by 2027 under the six-year program.


About DMCI Mining Corporation
DMCI Mining Corporation (DMCI Mining), a wholly owned subsidiary of DMCI Holdings, Inc., extracts nickel ore through surface mining. The company ships nickel ore directly to markets in China and other countries. DMCI Mining’s assets include Berong Nickel Corporation in Palawan and Zambales Diversified Metals Corporation and Zambales Chromite Mining Company.


Forward-Looking Statements
This press release contains forward-looking statements, which are subject to risks and uncertainties that may cause actual performance to differ materially from expected results or projections as of the date of this news release. No assurance can be given that the results anticipated by DMCI Holdings and DMCI Mining or indicated by any such forward looking statements, will be achieved.


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Other Relevant Information

None.
Filed on behalf by:
Name Herbert Consunji
Designation Executive Vice President & Chief Finance Officer