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MMDC active mine areas only 4.1% of total tenement

January 31,2018


A minuscule 4.1% is what Marcventures Mining and Development Corporation (MMDC) is currently utilizing as its active mine area out of its 4,799-hectare tenement.

The active mine area consists of Pili, Sipangpang and Cabangahan, which together account for 198.06 hectares as of the third quarter of 2017.

In total, the company has 5.4% disturbed areas when its mine stockyards, haulage road and settling ponds and campsite are taken into account.

MMDC’s undisturbed areas, meanwhile, remains expansive at 95.3% of the total size of its Mineral Production Sharing Agreement (MPSA), spanning the Surigao del Sur towns of Carrascal, Cantilan and Madrid.

As early as 2015, Marcventures has voluntarily delineated a total of 1,225 hectares as no-mining zones. The delineated zones consist of critical water bodies and ecologically-sensitive areas.

MMDC has a total partially rehabilitated area of 188.56 hectares since it started commercial operations in 2012.