Introduction of
Philippine Guolong and Bicol Minerals INC.
1.Corporation Introduction
Philippines BI COL MINERALS,INC.(BCMI) was formed and registered at Scurities and Exchange Commission(SEC) in December,2005 with business address at # 9 Alydars St,Alabang 400 Village, Cupang, Muntinlupa City, Philippines.The main office is setted up in Nico, Paracale, Camarines Norte and the headquarters of group is at 15 Floor Trade Plaza # 71 WuSi Road, ,FuZhou City,China.
Both Philippine Bicol minerals,Inc.and Philippine Guolong minerals,Inc.are established by both the investment of Fujian HuaLong investment,Ltd, which is affiliated with FuJian Guolong Group, and Philippine Mega-Tsung minerals Inc.,the total investment of which is 1,500,000,000 Yuan. The registered capital of Bicol minerals,Inc.is 518,000,000 pesos and Guolong minerals,Inc.is 668,800,000 pesos with the chairman of Shen Guo and the president of Chen Yao-Tsung.
Presently our group owns 42 mines resource in northern part of Philippines and the prospects are mainly located in Paracale and Jose Panganiban, Camarines Norte with the total area of over 200 square kilometers and necessary approvals of mining from Philippine government. Presently our group has established a relatively perfect system of enterprise management in accordance with international standards—JORC. Now there are four departments and twelve groups establish in the prospects,
Ⅰ.Department of Technique including Geology, Drilling, Survey, Mining, Separation;
Ⅱ.Department of Project, including Engineering, Facility Engineering, Facility, Transportation;
Ⅲ.Laboratory;
Ⅳ.Department of Administration, including Administration, Security, Finance, General.
Presently the number of staffs is more than five hundreds, of which geologists, processing engineers, drilling group, mechanical engineers ,electrical engineers, analyst, survey group, civil engineers , is 60 , Filipino staffs is 500 and Chinese officers is over 20. The company already has formed a specialized, large-scale professional technical team through employing geology experts.
It’s originally observed that a large number of iron ore (mainly magnetite)occurs in the mines with several kinds of metal ore resources such as copper, gold, manganese, nickel, lead, zinc, molybdenum and so on .The minerals of these mines is under good condition for quarrying which just needs to peel the soil layer. At the same time the transportation of mines is quite convenient and there are three harbors (wharves) in the prospect, the deepest of which near the LARAP mining area at depth of 11-13 meters could accept the freighters of 30,000 to 50,000 tons. Presently, our company has devoted a great number of manpower, material resources, financial resources for the construction of infrastructural facilities, which include paths, bridges, wharves, drilling parts of mines, mining and preparing for constructing large-scale crashing areas and bases for processing iron ore.
2. Philippines Brief Introduction
Physical Geography: The Philippines, which locates in the southeast of Aisa,to the west of China sea, on the east of Pacific Ocean, is an archipelago country, consisting of 7,107 islands with total land area of about 299,700 square kilometers. Luzon, Mindanao, Samar,etc. 11 largest islands occupy the 96% total area. The coastline of Philippines is 18533 kilometers in length with many natural harbours. In 2005 the population is 85,200,000. There are fifty-two volcanos in Philippines, of which eleven are active volcanos. The Philippines known as “Garden Island Country” with rich plant resource has a tropical rainforest climate , high temperatures, raininess.
Economics：There are plenty of natural resources in Philippines and the main minerals are iron, copper, gold, silver, iron, chromium, nickel, etc. over 20 species. The main food crops in Philippines are rice and maizes. The four major economic crops in Philippines are Coconuts, sugar canes, Ma Manila cannabises and tobacum . Industries center around manufacturing, mining, fuel and power . Philippines carries out export-oriented economic model with the output value of service, industry and agriculture in gross domestic product respectively, 47%, 33% and 20%.In 2005 the economy of Philippines grew by 5.1 percent with GDP about 103 billion dollars.
Mineral resource potential: Philippines which locates in the Pacific volcanic seismic zone with geological structure and geographical environment conducive to the formation of deposits, is the most important mineral resources country in the world. Unique geographical environment and geological conditions make a relatively small area own rich natural mineral resources .According to the data of MGB(Philippine National Geology and Mining Bureau), by volume of mineral in unit area, the volume of gold ,copper,nickel and chromium in Philippines ,respectively, ranked third , fourth, fifth and sixth in the world. Among volumes of mineral resources which observe presently, there are 13 kinds of metal minerals and 29 kinds of non-metallic minerals.
(1) Classification of mineral resources in Philippines
Philippines mineral resources are mainly divided into six kinds, precious metals ore, ferroalloy ore, base metals ore, mineral fertilizers, industrial mineral, precious stones and decorative stones. Based on the needs of economic development and the limits of mining conditions, only gold, chrome, nickel, copper in metal ore and phosphate in non-metal ore , guano, clay, Baiyun Stone, feldspar, limestone, marble, perlite, silica, stone, sand, salt, diorite, serpentinite are selected for quarry.
(2) Resources of the metallic minerals.
1. Copper
In the Philippine the copper mine reserve is 4,800,000,000 tons in metallic minerals, occupying 67.5% of the total reserve of metallic minerals. Philippine’s copper ores (mainly bornite) distribute all over the country with the principal districts of Zambales Province (northern Luzon), Benguet Province, Nueva ViscayaProvince, Surigao del Norte province (southern Luzon), DavaoCity , Davao Oriental Province. The geological prospecting demonstrates that a large number of copper ore deposit and copper ore still exists in Philippines. Recently, the Western Australia Mining Industry Company announced that in South Cotabato Province the world-class copper - gold ore was discovered with the estimated reserve of copper 10,442,000 tons, gold 227 to 369 tons and the total value at least 100 to 200 hundred million US dollars. The feasibility study report from Climax-Arimco mining industry company's showed that the reserve of copper ore surpasses 17,000,000 tons in copper mine project of Dinkidi in NuevaVizcaya Province,.
2. Gold
In Philippines gold ore exists in the form of grandidierite and placer .The principal gold districts are Baguio City (northern Luzon), Paracale (southern Luzon), Masbate (Visayas), Surigao (northeastern Mindanao), and Masara (southeastern Mindanao).Based on the geological characteristics of the Philippines, experts observe that the largest and richest gold deposits tend to lie the vicinity of the Philippine’ fault zone, recently and gold exploration has been directed towards epithermal deposits. An Australian prospecting company on Rapu-Rapu island discovered a golden - copper - silver ore with reserve of over 6,000,000 ton, containing gold, silver per ton,respectively,3g and 37g; Copper 1.46%, zinc 2.33%.( The silver is associated with gold and copper ,which is the by-product of gold- producing and copper- producing.)
3.Nickel
The total reserve of nickel ore in the Philippine is approximately 1,090,000,000 tons, which accounts for 15.5% in total reserve of metallic ore. And the confirmed reserve ， 1,020,000,000 tons, occupy 93.72% of the total reserve with the grade between 0.23% and 0.47%.Expectable reserve，56,300,000 tons occupy 5.17% with the grade between 0.36% and 1.24%. Possible reserve is 12,100,000 tons with the grade between 0.23% and 2.27% (Note: The total reserve contains the confirmed reserve, expectable reserve and possible reserve). Because most of nickel ores in the Philippine are bauxite with high nickel content and locate in the shallow soil level, they’re easy to quarry with low cost. The principal nickel districts are Davao Oriental and Palawan,the reserve of which respectively are 475,700,000 tons (43.69% of total reserve) and 407,100,000 tons(37.38% of total reserve ). Other provinces with large scale nickel mineral resource are Surigao del Norte and Zambales . Norwegian Mindex ASA Prospecting Company , which had explorated on Mindoro Island , discovers that the total reserve of nickel ore are 225,000,000 tons (dry weight) and content of nickel metal is 1% and cobalt metal is 0.1%.(Cobalt usually exists with nickel, which is the major by-product of nickel-producing)
4. Chromite
The principal nickel districts are Zambales Province and Dinagat island in Surigao del Norte. The sizes of chromite scale are different and the reserve of large-scale chromite is about several million tons. It is said that Coto chromite in Zambales is the biggest reserve known with fireproof level chrome ore in the world. Moreover, Philippine is also rich in bauxite. The bauxite resources mainly distribute in SAMAR area where the estimated geological reserve is 242,000,000 tons with average content of Al2O3 40.80%, and total value approximately 21,000,000,000 US dollars.
(3) Resources of non-metallic minerals
In the Philippine the non-metallic mineral is the important source of construction, agriculture and electric power. The biggest reserve of non-metallic mineral is limestone, which is found in each region of Philippine with the reserve of 29,000,000,000 metric tons occupying 57% of non-metallic ore reserve. The reserve of marble is 8,500,000,000 metric tons, occupying 16.7% of nonmetallic ore reserve .The reserve of coal resource in the Philippine is not large with the weak quality , which mainly occurs in Surigao City and Zamboanga del Norte Province. Phosphorus ore, silicon ore respectively locates in Lligan and Zamboanga del Norte Province. The biggest magnesite in the world was found nearby Davao.
3. Prospects of Mining Cooperation Between Two Countries
Philippines is our country's close neighbor with strong complementarity of mineral resources with us. Since the President of Philippines Arroyo came into power, great progress and development has been made in Philippine politics, economy, culture. In 2004 the Philippine government formally authorizes the whole world to develop mine resources and gives investors many preferential policies in tax, attracting giant business from other countries. In 2007 the President of Philippines Arroyo visited China Fuzhou and invited the Fujian’s business entrepreneurs to invest and develop there. Subsequently, the leads of Fujian provincial government also led many entrepreneurs to carry on a visit and economical inspection to Philippines.
In recent years, our country’s government and enterprises have been developing cooperation of mining industry with Philippines and makes certain progress. The potential of development of the aspect of non-ferrous metal and cooperation is huge, which will be good for giving an impetus to common development of world economy, Philippine and Chinese economy. With the progressive improvement of Philippine mining industry environment, more than 2000 enterprises had invested and partcipated in the development of mines. It is well known that the Philippines and Indonesia are the richest country of mineral resources in Asia and the Philippines and China are also the close neighboring country, just less than two hours’airplane, the Philippines is a exceedingly good place for the investors .Nowadays, with the change of world economy’s pattern, that win-win co-operation contends the world’s economy becomes inevitable. Therefore, without doubt mineral materials become the motivity for guaranteeing the sustaining development of economy to a corporation.
Based on the world's future trend of economy,our company invests in the mineral resources of the Philippines in advance, then developed and utiliaze them.( the region our 42 mines locate in own the most abundant mineral resources in the Philippines). We sincerely hope and invite enterprises ( over the world and domestic )to join and invest the mineral resources in the Philippines with us. For a better future ，we are looking forward to your joining together!(The following picture is our company’overall ichnography of mines in the Philippines. )
***** The wealth is attractive, but only the strategic investor who is brave, foresighted can own it.*****
