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BENGUET CORP
Location:
HISTORY:
1980: The company changes its name to Benguet Corporation and forms
Benguet Management Corporation as a holding company for its diversification
into non-mining businesses.
1993: Benguet sells off its headquarters as part of an assets disposal to pay off
debts.
1997: Benguet launches a bottled mineral water operation, Agua de Oro, and
enters the eco-tourism segment with Benguet Mines Tourism Village.
2000: The company is delisted from the New York Stock Exchange and transfers
its shares to the over-the-counter market.
Ore Types: Benguet Corp. explores and develops gold, copper and nickel
minerals. It explores for mines, currently produces and markets gold, nickel
laterite ore, and limestone
JORLAN BRYAN GAPASIN EARTH SCIENCE 11-CAIRO STEM B
Annual Production
The Company sells its gold to the Banko Sentral ng Pilipinas. For its nickel ore, the
Company’s wholly owned subsidiary and operator, Benguetcorp Nickel Mines,
Inc. (BNMI) has an off-take contract with Bright Mining & Resource Company
Ltd. for the sale of 1.8 million tons of nickel ore and with LS Networks Co., Ltd., for
the sale of 2.0 million tons of nickel ore. The quicklime products are mainly sold
to local customers.
References:
http://benguetcorp.com/wp-content/uploads/2014/07/BC-2016-FIRST-QTR-REPORT_SEC-17Q-
03312016.pdf
http://www.fundinguniverse.com/company-histories/benguet-corporation-history/
http://thestandard.com.ph/sunday-lgu-section-pdf/luzon/232229/benguet-corp-sets-green-mine-
rehab.html