 Benguet Corporation was established in 1903, pioneering the first major mining operation in the Philippines. It spearheaded a consolidation and expansion of gold mines as well as the diversification in other mineral products like copper, chromite and lime. Until the late 1980s, Benguet Corporation was known as the biggest gold mining company in the Philippines and the 16th largest in the world. Similarly, it's chromite operation in Masinloc, known internationally as "Masinloc Ore", and its highly profitable Dizon Copper Gold operation in San Marcelino, Zambales were the largest in the country.
The inspiring history of the company reveals a potent organization with a distinct capability to overcome and survive extremely difficult circumstances, such as World War II, countless natural disasters, political upheavals and cyclical economic conditions. Over the past 100 years, Benguet has built up its professional reputation as the colossus of Philippine mining. |
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Listed mining companies post smaller losses in first quarter |
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Wednesday, 26 May 2010 08:00 |
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THREE LISTED mining companies reported smaller losses for the first quarter of 2010 due to foreign exchange gains and decreased operating expenses, disclosures to the Philippine Stock Exchange showed.
The country's oldest miner, Benguet Corp. reported a narrower loss of P16.51 million for the first quarter, from P88.83 million last year, mainly due to foreign exchange gains.
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Benguet Raises P150M for Mining Projects |
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Tuesday, 25 May 2010 09:54 |
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Listed Benguet Corp. raised P150 million representing the first private-placement transaction with RYM Business Management Corp. |
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Mining Firm Benguet Withdraws From Batong Buhay Prospect |
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Tuesday, 25 May 2010 09:50 |
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Benguet Corp has terminated a mining venture with an indigenous tribe in Kalinga province.
In a disclosure to the Philippine Stock Exchange , Benguet said that it signed last week a disengagement agreement with the Balatoc tribe for the mutual termination of their joint venture in the Batong Buhay Copper-Gold Project in Barangay Balatoc, Pasil, Kalinga. |
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Benguet Gets Incentives for Gold Project |
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Tuesday, 25 May 2010 10:00 |
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Balatoc Gold Resources Corp. (BGRC), spin-off unit of publicly-listed Benguet Corp., was granted pioneer tax and fiscal incentives by the Board of Investments (BoI) as new producer of dore bullion gold and silver by utilizing the gold mine tailings dumped at its pre-war mining site in Itogon, Benguet. |
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