We operate four lateritic mines, all of which are located in the southern half of the Philippines. The
locations of our mines are illustrated on the following map.
The southern Philippines is located in the tropical zone between 4° 40’ and 21° 10’ latitude. The
climate is characterized by high rainfall during a rainy season that generally runs from October to April in the southeastern Philippines, where the Cagdianao, Taganaan and Taganito mines are located and from June to November in the southwestern Philippines where the Rio Tuba mine is located.
Our Company has a long history of mining lateritic nickel ore and of acquiring, developing and operating multi-mine facilities. Our first mine, Rio Tuba, commenced operations in 1975. Since then, we have expanded and currently operate four mines. This section provides an overview of each of our mining properties.
Our deposits are only about 5 to 30 meters thick from the surface. Our mines operate using shallow open-pit methods or bench mining techniques, which results to low cost production. This method only requires the use of excavators, tractors and dump trucks and does not require specialized equipments, explosives, chemicals or complex waste handling. In addition, the mines are located near tidewater loading areas, enabling easy hauling to barges. Further, since the mine pits are shallow, rehabilitation of our mined-out areas is a simple and straightforward process.