Committed to Mining & Natural Resource Development     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.

Benguetcorp Nickel Mines, Inc. (BNMI), Benguet’s nickel subsidiary, today paid cash dividends to its parent company equivalent to P32.00 per share as previously announced. In 2010, BNMI reported net earnings of P101 million from direct shipping ore operations in Sta. Cruz, Zambales involving high-grade nickel ore.

Benguet Corporation announced today that the Company’s consolidated net income hit P1.176 Billion in the nine months ending September 30, 2011, translating to earnings of P7.18 per share. This represents a substantial reversal from the net loss of P58.3 Million in the same period last year. The strong earnings performance during the first nine months of 2011 was the result of increased gold and nickel production, higher metal prices and gain from the continuing settlement of the Company’s debt, as well as from the accelerated payment of the Kingking transaction.

BENGUET CORP announced yesterday that as part of completion of its restructuring program, it intends to implement within the year a quasi reorganization and equity restructuring. The Company will use the revaluation incriments in its landholdings and capital surplus to wipe out its negative retained earnings. This will significantly improve its balance sheet by reversing the deficit and showing substantial positive retained earnings balance by end of the year.

Philip Romualdez, Benguet's President and CEO, remarked that once this major corporate objective is attained, a dividend declaration is projected in 2012.

Benguet made significant bottom line performance in 2010 and is projecting to report another outstanding year with the sustained prices of gold and nickel, additional debt resolutions, and transactions involving its nickel and copper-gold mines.

Benguet Corporation today announced that the Company’s consolidated net income hit P580 million in the first six months ending June 30, 2011. This
represents a reversal from the net loss of P88M reported in the same period last year. This is also the first time since 2001 that Benguet registered positive operating results for a fiscal semester. The strong earnings performance during the first half of 2011 was the result of increased production output in nickel and gold operations, higher world metal prices, as well as, by the noncash gain resulting from the continuing discounted settlement of the Company’s obligations.

Benguet Corporation (BC) continues to strengthen financially and expand its operation to take full advantage of high commodity prices. In the first ten months of 2010, as audited, it posted a net profit of P2.3 Billion. The development and expansion of its gold and nickel projects are underway, which will further contribute to the profitability of the company.