Listed mining firm Benguet Corp. said on Tuesday, Oct. 15, it secured another 25 years of permit from the Department of Environment and Natural Resources (DENR) to operate and conduct mining activities in Balanga, Bataan.
In a regulatory filing, Benguet Corp. said it received the approval of the DENR on Monday for the renewal of Mineral Production Sharing Agreement (MPSA) granted to Balanga Bataan Minerals Corp. and Benguet Corp. to continue mining drilling activities for another 25 years beginning March 31, 2025.
“This will allow the company to continue its drilling activities and other exploration works leading to the Declaration for Mining Project Feasibility (DMPF). The MPSA is located in Bataan province,” it said.
Established in 1903, Benguet Corp. is the country’s oldest mining company. Over its 120-year journey, it has evolved from its gold mining operations to a full mineral resource company with a diverse portfolio that includes chromite, copper, lime, and nickel.
In addition, it operates a gold mine in Benguet, nickel mines in Zambales, and a limestone processing facility in Baguio City.
It continues to expand its footprint in various mineral prospects through exploration all over the Philippines, including mining properties in Nevada, USA.