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corporate news | lepantomining

corporate news | lepantomining

The Lepanto Mining community, Mankayan residents, and various stakeholders submitted a Manifesto of Support for Lepanto Consolidated Mining Company to Lepantos Board of Directors during the Annual Stockholders Meeting of the company on April 17, 2017 held at The Peninsula Manila.

The Manifesto, initiated by the Lepanto Womens Association with the support of 60 sectoral organizations in Mankayan, was signed during the period April 3-30 amidst the closure/suspension orders of then DENR Secretary-designate Gina Lopez against 28 mining firms including Lepanto.

The Manifesto carried over 5,900 signatures from leaders and members of various community, religious, youth, academic and indigenous (IP) organizations inside and outside of Lepanto; LGUs from Mankayan, Benguet, and Cervantes and Quirino, Ilocos Sur; Lepanto employees and their dependents, scholars, retirees, and other stakeholders.

The Manifesto details the benefits that Lepanto, as a responsible miner for the last 80 years, has brought to the community. Raquel Batchi, a member of the Lepanto Womens Association and an IP from Mankayan, read the contents of the Manifesto before presenting it formally to the Board of Directors. She even recalled how Lepanto helped her ailing mother avail of laparoscopic cholecystectomy for free at the Lepanto Hospital.

Lepanto is our partner in economic development, environmental stewardship and community building. We are grateful to Lepanto and we need Lepanto not only because it provides a source of livelihood to our community and pays taxes to our LGUs. Lepanto built for us roads, schools, churches, recreation and sports facilities, a hospital, a market place, a theatre and a library, among other facilities., Ms. Batchi read.

Mankayan has graduated into a first class municipality largely through the economic contributions of Lepanto. Lepanto directly supports 2,000 households or roughly 10,000 people. Lepanto continues to support education and through this commitment, 11,000 students have graduated from the Lepanto Elementary School, Marivic Elementary School and Lepanto National High School. Through the educational assistance programs of the Company, 300-400 students from the different barangays of Mankayan, Benguet, Cervantes, Ilocos Sur and Quirino, Ilocos Sur are sent to college every year. The educational assistance programs of Lepanto graduate about 100 students a year.

The Lepanto Hospital treats an average of 10,000 patients annually. It provides medical services not only to Lepanto employees and dependents but also to the residents of Mankayan and neighboring towns. Each of the biennial surgical-dental-medical missions organized by Lepanto has benefited 4,000 to 4,000 patients.

The Manifesto also stressed how Lepanto cares for the environment: The Lepanto community is heavily forested as Lepanto has planted over 6,500,000 trees in the area since the 1960s. Even the tailings dam is inhabited by ducks and other avian species. The old/decommissioned tailings dam is now a grazing ground for cattle and horses.

We believe that Lepanto is committed to further improving the lives of its employees and the residents of Lepanto community. Lepanto cares about our livelihood, our health, our environment and safety, and our socio-economic development and sustainability during and beyond the life of the Lepanto mines.

The continued operation of Lepanto makes us feel secure about our future and the future of our children, as well as the welfare of our entire community. We therefore manifest our full support for the continued operation of Lepanto Consolidated Mining Company., the Manifesto concluded.

LCMC Chairman and CEO Felipe U. Yap was at a loss for words as he expressed his deepest gratitude to the community representatives. We are beyond grateful for your unwavering support and we assure you of our continued operation to further better our service to the community while upholding our commitment to the environment, remarked Yap.

A stockholder, evidently touched by the Manifesto, moved that copies of the same be submitted to the Office of the President and the DENR. Since then, hundreds of signatures from stakeholders were further gathered. Lepanto submitted copies of the Manifesto to the Office of the President and the DENR on May 5, 2017.

corp news 2 | lepantomining

corp news 2 | lepantomining

Prospectus relating to the stock rights offering, with Record Date of November 6, 2017, covering 11,678,967,888 common shares at P0.15 per share from the Company's unissued capital stock with an aggregate value of P1,751,845,183.20, consisting of 7,007,384,282 "A" shares and 4,671,583,606 "B" shares, the initial 50% of which is payable upon subscription and the 50% balance payable not later than January 5, 2018. The Offer period is from December 4 to 8, 2017.

As a child, Edison Mating dreamed of becoming a litigation lawyer, attending court hearings in a black suit with matching leather shoes and briefcase. Edison was born and bred in Brgy. Guinaoang in Mankayan, Benguet, a mining town.

The Lepanto National High School (LNHS) emerged champion in the public-rural school category in the regional Gawad Kalasag Award, besting four other qualified public schools in the Cordillera Region. LNHS will receive a plaque and cash prize of P50,000.

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Sitio Las-igan in Barangay Cabiten is one of the remotest communities in Mankayan. With no road access, it can only be reached on foot, trekking a couple of mountains and crossing three hanging bridges over gushing rivers, taking all of three hours

But the long distance and the scorching heat didnt discourage the Lepanto team from reaching out especially to the 30 bright pupils of the Las-Igan Multi-Grade School. All the students went home with brand new bags, school supplies, toys, and smiles on their faces.

Lepanto Consolidated Mining Company (LCMC) successfully retained its certification of compliance with international standards in environmental management or the ISO 14001:2015, with four-peat zero non-conformance.

The company has been certified for another three years following a three-day audit covering the companys three facilities Makati Corporate Office, Lepanto Warehouse in Bulacan and the Lepanto Mine Division in Mankayan, Benguet.

Lepanto Consolidated Mining Company is set to be free of Polychlorinated Biphenyls (PCB) by the end of 2018, the first mining company in Southeast Asia to have that distinction. Lepanto commissioned Seanogy Environmental Solutions, Inc., the only PCB solutions provider in the Philippines, to eliminate all PCBs on-site pursuant to DENR Administrative Order 2004-001 and its supporting rules and regulations.

The Lepanto National High School-Gambang Theater Guild (LNHS-GTG) has once again made the Mankayan Municipality proud when eight members of the group were invited to perform during the 2018 Dance Xchange: The Philippine International Dance Workshop and Festival organized by the National Commission for Culture and the Arts. The group was one of the two dance groups from the Cordillera Region who were invited to participate in the event.

Following the audit conducted on April 23 25, covering three company facilities Makati Corporate Office, Lepanto Warehouse in Bulacan and Lepanto Mine Division in Mankayan Benguet, - the audit team confirmed that the companys environmental management system complies with, adequately maintains and implements the requirements of the ISO 14001:2015 standard. The audit result further disclosed that the organization has established and maintains an effective system to ensure compliance with its policy and objectives.

Sitio Las-igan in Barangay Cabiten is one of the remotest communities in Mankayan. With no road access, it can only be reached on foot, trekking a couple of mountains and crossing three hanging bridges over gushing rivers, taking all of three hours

But the long distance and the scorching heat didnt discourage the Lepanto team from reaching out especially to the 30 bright pupils of the Las-Igan Multi-Grade School. All the students went home with brand new bags, school supplies, toys, and smiles on their faces.

Lepanto Consolidated Mining Company was established in 1936. 2016 marks the company's 80th year in the business. Lepanto is a Filipino primary gold producer. The Lepanto mines are located in Mankayan, Benguet where the Company has about a thousand employees. From 1948 to 1996, Lepanto's Enargite operations produced 1.58 billion pounds of copper, 2.9 million ounces of gold and 12.0 million ounces of silver, recovered from 34.4 million MT of ore averaging 2.2% Cu and 3.5 g/t Au. Lepanto suspended its Enargite operations in 1996 and in 1997 commenced its Victoria gold operations. Lepanto presently operates the Victoria and Teresa deposits, from which it has produced over 1. 2 million ounces of gold. Lepanto has a 60% interest in Far Southeast Gold Resources, Inc. which owns the Far Southeast Project, a world-class, high-grade gold and copper porphyry deposit. Lepanto is looking to develop the Far Southeast Project through a partnership with Gold Fields Limited of South Africa, one of the biggest gold miners in the world, with whom Lepanto executed an Option and Shareholders' Agreement in September 2010. Lepanto has been a publicly-listed company since 1947. Its shares are traded on the Philippine Stock Exchange under the symbols LC and LCB and are highly liquid. Lepanto Consolidated Mining Company is committed to achieving its business objectives with utmost care for the environment and concern for the welfare, safety and health of its employees and host communities.

lecbf stock price | lepanto consolidated mining co. stock quote (u.s.: otc) | marketwatch

lecbf stock price | lepanto consolidated mining co. stock quote (u.s.: otc) | marketwatch

Lepanto Consolidated Mining Co. engages in the production of gold and gold-copper concentrates. It operates through the following segments: Mining, Services and Others. The Mining Activities segment engages in the exploration and mining of gold, silver, copper, lead, zinc and all kinds of ores, metals, minerals, oil, gas, coal and related by-products. The Services segment derives its income from drilling, hauling and sawmilling services to its related and outside parties. The Others segment engages in the trading, manufacturing, investing and insurance broker activities of the group. The company was founded on September 8, 1936 and is headquartered in Makati City, Philippines.

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