We have a 150 TPD Copper Processing Plant and a Gold Tailing Pond in Philippines, which we’d like to sell to an interested hands-on investor.
Our Corporation is registered in Securities & Exchange Commission of Philippines and is 100% foreign owned by Indians.
1. Copper Processing Plant in Cabadbaran, Agusan Del Norte, Mindanao, Philippines.
In Year 2013, our corporation Acquired Majority Shares in ERJET Mineral Resources, Philippines.
The company owns a small scale Mineral Processing Permit (MPP) and Environmental Compliance Certificate (ECC) for Gold and Copper.
It also owns machineries and equipment for copper processing, where Milling Capacity of the Plant is 150 TPD of Copper Ore to Copper Concentrate.
Where the low grade Copper ore from 1% to 9% is milled, it is processed to make Copper Concentrate of 20% up with less tonnage. This will reduce our logistic expense on shipping of the same.
Cabadbaran is one of the large Copper rich areas on in Philippines. Our plant is surrounded by an area of open pit copper mines and many small scale mines that are also active at present and in production.
We acquired this plant to run it effectively by getting source of Copper Ore locally in Cabadbaran and Dansolihon.
Our company has already started its commercial operations and is producing 100 tons of concentrate every month starting from June 2013.
2. Gold Tailing Pond/Processing Plant in Gango, Cagayan De Oro City, Mindanao, Philippines
In year 2012, our company joined WHK Manufacturing and Trading Company, Philippines, a privately held organization formed in 1993 owned by Filippino – Chinese businessman.
The company owns a Mineral Processing Permit (MPP) and Environmental Compliance Certificate (ECC) for Gold and Copper. The company owns machineries and equipment for copper and gold processing
Gold tailings: The tailings pond near the processing plant is from the small scale processing plant in the area.
As per the survey, this Tailing Pond in Gango is formed based on the operations performed by around 200 small scale miners with about 110 tunnels in the past years.
Tailing Pond Size:
• Length: 110M
• Width: 90M
• Depth: 10M
• Estimated Tonnage: 148,500 tonnes
The tonnage estimate is based on Gango gold processing records for the past 20 years. Below is the estimation of gold content in the Tailing pond.
Based on the existing gold recovery methodology in Philippines, gold recovered from the tailings can only be 30%, meaning we can recover only 30% of gold from the estimated average grade of 4 Grams per Tonne.
As per the above estimation, the pond is said to be containing estimate Gold of 178Kgs or 6361 ounces.
The recovery of gold can only be identified by various metallurgical studies and laboratory process. To get maximum recovery, we sent the completed drilling and samples for analysis to the Metallurgical team from Manila. We are waiting on the business plan and model from our metallurgical team from Manila to start production of gold.
We’d like to sell the both sites to a good buyer who is interested to operate along with their technical teams and manage them. The reason for selling is that the management wants to move their investments to India.