MacroAsia Corporation traces its roots to Infanta Mineral and Industrial Corporation (IMIC), which was established for the purpose of engaging in geological exploration, mine development, and mining operations.
The Infanta Nickel Project is a nickel laterite mine operated by Infanta Nickel and Industrial Corporation (IMIC) in the late-70s, which saw three shipments of laterite ore exported to Japan. Due to low metal prices and high smelting costs, however, the operations were suspended in 1982. Legal rights over the mineral property is by virtue of a Mineral Production Sharing Agreement (MPSA) with the government, covering an area of approximately 1,114 hectares in the municipality of Brooke’s Point, Province of Palawan. The MPSA is a conversion of the old mining leases of IMIC and thus, the Infanta Nickel Project today is basically a re-opening of an old nickel mine. The conversion of the mining lease agreements to MPSA occurred in 2005, when the Department of Environment and Natural Resources (DENR) issued the Mineral Production Sharing Agreement (denominated as MPSA 220-2005-IVB).
In line with the MPSA, MAC conducted a 7-phase exploration program to re-assess the extent of mineralization of the tenement. The results of these series of exploration works are contained in a Report prepared and reviewed by ‘Competent Persons’ in Geology in accordance with the Philippine Mineral Reporting Code (PMRC) that was approved and adopted by the Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE) for public reporting. PMRC is modeled on the JORC Code (2004) of Australia and conforms to global standards on reporting the results of exploration and minerals resources and reserves.
MACROASIA MINING CORPORATION EXPLORATION SERVICES
MacroAsia Mining Corporation (MMC), a subsidiary of MAC was activated in the second half of 2012 to serve as the corporate vehicle for providing outsourced exploration services to other mining companies. Through the years, MAC mining staff have gained expertise in exploring for nickel prospects, and have available equipment and drills and rigs for such exploration activities. This experienced manpower, including equipment, were transferred to MMC which then ventured into Exploration Services contracts for third-party clients. MMC services the client’s requirements for all exploration stages needed for a prospective nickel laterite property.
The first exploration service contract of MMC is the exploration of the MPSA area of VIL Mines, Inc., in Mt. Cadig, spanning Quezon and Camarines Norte provinces in 2013. Its second project is the exploration and drilling service with Pacific Nickel Philippines, Inc. (PNPI) for their nickel exploration project in Nonoc Island, Surigao City which was signed in January 2014. The project covers the entirety of the 4,549-hectare Nonoc Island with the exclusion of the special economic zone that covers in part the old nickel processing plant complex and the special land use zone comprising the old housing facilities of the company in the island. After the completion of the project, another contract was signed on February 2015 to cover the South Dinagat Peninsula which is under the jurisdiction of the Municipality of Cagdianao, Province of Dinagat Island.
The submission of the PMRC-compliant technical reports for both Nonoc Island Project and that of South Dinagat Peninsula project in March and May 2016, respectively, marks the culmination of the contracts under Clariden Holdings Inc. - PNPI. To date several potential projects in various nickel areas of several mining companies in the Philippines are under negotiation with MacroAsia Mining Corporation.
MacroAsia Air Taxi
Cebu Pacific Catering
MacroAsia Properties Development Corp. (MAPDC)
SNV Resources Development Corp. (SNVRDC)
© MacroAsia Corporation 2016