Marcventures Holdings Inc. (MHI) is one of the leaders in nickel ore production in the Philippines. We are a publicly listed company and our stocks are actively traded on the Philippine Stock Exchange (PSE) under the symbol MARC.
Through our wholly owned subsidiary, Marcventures Mining and Development Corporation (MMDC), we are engaged in nickel mining operations in the municipalities of Cantilan, Carrascal, and Madrid in the Province of Surigao del Sur pursuant to Mineral Production Sharing Agreement (MPSA) No. 016-93- XIII covering an area of 4,799 hectares. We sell nickel ore to third parties through direct shipment. MMDC’s biggest market is China, but recent marketing efforts are leading the company to potentially export nickel ore to new buyers from Japan and other Asian countries.
To further sustain the growth of our company MHI intends to invest in acquiring and/or developing its own nickel processing plant and other mining properties. One of our recent milestones under this initiative is the signing of a merger agreement with two mining companies, Asia Pilot Mining Philippines Corporation and the holding company of BrightGreen Resources Inc. Asia Pilot owns the Philippines’ only two MPSA properties with bauxite – the chief commercial ore of aluminum – covering a combined 12,129 hectares in Western Samar. BrightGreen, for its part, owns a separate MPSA with an area of 4,860 hectares in Surigao del Sur. Through this agreement, MHI is poised to become the only Philippine company that can extract bauxite ore in these islands, enabling us to diversify our mining portfolio and potentially weather fluctuations in global metal prices.
As we continue to expand our business, Marcventures remains committed to enhancing our shareholder value. We shall continue to employ the best industry practices and to operate in a manner that is fair and responsible. We aim to further contribute to the country’s long-term socio-economic growth, to promote self-reliance among residents of our host communities long after mining has ceased, to pursue the safety and welfare of our people – all while endeavoring to reduce our environmental footprint with future generations of Filipinos in mind.