Marcventures Mining and Development Corporation (MMDC) holds a Mineral Production Sharing Agreement (MPSA) No. 016-93-XIII covering an area of 4,799 Hectares in Surigao Del Sur, in the Municipalities of Cantilan, Carrascal, and Madrid.
MMDC produces Nickel Ores which are all exported to China. MMDC’s main market continues to be China but recent marketing efforts may allow it to gain new buyers from Japan and other Asian countries.
An affiliate company is currently negotiating and finanlizing an agreement with an adjacent nickel property, with supposed indications of Porphyry Copper, Gold and Nickel deposits with an area of 4,800 hectares, where MMDC may explore and do drilling with a possible option to invest and subsequently develop the property.