Mining firm eyes Abra province

Mining firm eyes Abra province

/ 10:16 AM January 16, 2025

Mining firm eyes Abra province

Yamang Mineral Corporation, a subsidiary of FCF Minerals Corporation, has been eyeing Abra province’s untapped mineral wealth.

“Abra holds immense potential for responsible and sustainable mineral development. We are eager to begin exploration to confirm the extent of its mineral resources and accelerate the timeline for investments that will directly benefit the people of Abra,” Darren Bowden, president and CEO of Metals Exploration Plc and FCF Minerals said.

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READ: Gov’t OKs 2nd big mine in Vizcaya

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FCF Minerals, a subsidiary of Metals Exploration Plc, is also the mining company behind the Runruno Gold-Molybdenum Project in Nueva Vizcaya. It also recently acquired a controlling interest in Yamang Mineral Corporation, which holds significant exploration tenements in Abra.

“Our goal is to replicate, and even surpass, the success we’ve achieved in Runruno by fostering economic growth, environmental stewardship, and community development in Abra,” added Bowden.

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At the Runruno site, FCF has generated substantial economic benefits, directly employing nearly 79% of its 1,145 workforce.

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FCF has reported contributions of over P5.71 billion in various taxes, fees, and duties that have supported national and local development initiatives since starting commercial operations in 2017.

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The company has also excelled in social development programs. The funding of its Social Development and Management Program (SDMP) has reached over P543.7 million supporting education, healthcare, and livelihood programs, including scholarships for indigenous students and infrastructure projects like farm-to-market roads.

Similar initiatives in Abra will empower local communities and stimulate sustainable economic growth.

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“Our commitment to environmental protection, health, and safety is unwavering. We have consistently demonstrated that mining can be both a driver of prosperity, and responsible stewardship of the environment. In Runruno, we achieved 23 million safe man-hours without a lost-time incident, a milestone that underscores our dedication to safety,” Bowden emphasized.

“We are a multi-awarded industry leader, recently securing its third consecutive Presidential Mineral Industry Environmental Award (PMIEA) for Surface Mining Operations. The company also bagged the Safest Mining Operation Award and Safest Surface Mining Operation Award, recognizing its exceptional safety standards and community engagement efforts,” Bowden ended.

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TAGS: Abra, mining

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