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Company Overview

The PMDC is a wholly-owned and controlled government corporation


attached to the Department of Environment and Natural Resources (DENR),
primarily tasked to conduct and carry on the business of exploring,
developing, mining, smelting, and producing, transporting, storing,
distributing, exchanging, selling, disposing, importing, exporting, trading and
promotion of gold, silver, copper, iron, and all kinds of mineral deposits and
substances.

Mission:

PMDC develops, promotes and manages mining projects, and builds


productive partnerships with its partners/operators in order to contribute to
the revenues of the National Government, generate employment and enrich
lives in mining communities.
PMDC adheres to the ideals and standards of responsible mineral
development and adopts the best practices in environmental protection and
enhancement.

Vission:

By 2018, PMDC leads the way in converting idle mining assets into
productive operating mines.

Creation of the Philippine Mining Development Corporation (PMDC)


(formerly the Natural Resources Mining Development Corporation)

The PMDC (then NRMDC) was incorporated with the Securities and Exchange
Commission on July 4, 2003, pursuant to an authority contained in a
Memorandum of the President of the Philippines dated April 9, 2003.

The PMDC is a wholly-owned and controlled government corporation with an


initial authorized capital stock of One Hundred Million Pesos
(100,000,000.00), 55% of the equity of which was from the Natural
Resources Development Corporation (NRDC), and 45% from the Philippine
National Oil Corporation Energy Development Corporation (PNOC-EDC).

PMDCs current capital structure is as follows:

Natural Resources Development Corporation (NRDC) - 44%


Philippine National Oil Company (PNOC) - 36%

National Development Corporation (NDC) - 20%

Being a government corporation, the PMDC was attached to the


Department of Environment and Natural Resources (DENR). Pursuant
to
DENRAdministrativeOrderNo.2003-38 and by virtue of a
Memorandum of Agreement between and among the DENR, PMDC (then NR
MDC) and NRDC, the PMDC was designated/appointed as the new
implementing arm of the DENR in undertaking the mining and mineral
processing operations in the 8,100 hectare Diwalwal Mineral Reservation
located in the municipality of Monkayo, Compostela Valley Province.

From DENR, the PMDC was transferred to the Office of the President on July
18, 2007, through Executive Order No. 636 signed by President Gloria
Macapagal Arroyo. On December 27, 2007, the PMDC was transferred back
to the DENR through Executive Order No. 689 signed by President Arroyo.
The transfer was made to closely monitor and oversee the efficient and
effective implementation of the countrys utilization and development of its
mineral resources.

Vision
By 2020, PMDC is a sustainably profitable mining corporation that generates
revenues for the government and enriches lives in mining communities.

Mission

PMDC develops, promotes and manages mining projects, and builds


productive partnerships with its partners/operators in order to contribute to
the revenues of the National Government, generate employment and enrich
lives in mining communities.

PMDC adheres to the ideals and standards of responsible mineral


development and adopts the best practices in environmental protection and
enhancement.

Board of Directors

Chairman
Ramon J. P. Paje Secretary, Department of
Environment and Natural Resources
Lito A. Mondragon Philippine Mining Development Corp.
Carlos G. Dominguez
Department of Finance
III
Donato D. Marcos Department of Energy
Cecilio B. Lorenzo Development Bank of the Philippines
Vice Chariman
Antonio M. Cailao
Philippine National Oil Company
Ma. Lourdes F.
National Development Company
Rebueno
Saturnino H. Mejia National Development Company
Christopher L.
Private Sector
Carrion
Federico C. Gaspar Private Sector

Corporate Officers

Atty. Lito A.
President and CEO
Mondragon
Assec. Anselmo C.
Corporate Secretary
Abungan
Atty. Jaime T. De Vice President, concurrent Assistant Corporate
Veyra Secretary and Legal Counsel
Glenda Martinez Treasurer

Department
Managers
Atty. Virgil C.
Manager, Legal Department
Adan
Ma. Nieves
Manager, HR and Administration Department
Marives D. Santos
Mary Ann P.
Manager, Finance and Accounting Department
Zarcilla
Marites M.
OIC, Project Management Department
Reotutar
Organizational Structures