MRMS Report No.

004-A

Department of Environment and Natural Resources

MINES AND GEOSCIENCES BUREAU
Mining Tenements Management Division
FINANCIAL OR TECHNICAL ASSISTANCE AGREEMENTS (FTAAs)
As of June 30, 2020

AREA SIZE DATE DATE OF

Item No. HOLDER TENEMENT NO CONTACT INFORMATION LOCATION COMMODITY REMARKS/STATUS
(Has.) APPROVED EXPIRATION

A. LIST OF EXISTING FTAAs

Total = 5 Total Area (Hectares) = 94,472.0244
A1. LIST OF EXISTING FTAAs UNDER FIRST 25-YEAR TERM
Total = 4 Total Area (Hectares) = 85,234.0244
1 Sagittarius Mines, Inc. FTAA-002-95-XI- Joaquin C. Lagonera South Cotabato, Sultan Kudarat and 26,501.6216 Gold, copper 3/22/1995 3/22/2020 • Under development and Construction
Amended President Davao del Sur within the partial DMPF covering 9,494.70
Extended up to hectares, which was approved on May 20,
Liberty Core Farm, 2016.
Brgy Liberty, Tampakan, 9507 South 3/22/2032
Cotabato • Under Exploration for the remaining area
not covered by the partial DMPF.
Tel. No. (083) 826-2251
• FTAA was amended on April 15, 2016,
www.smi.com.ph annexing the 4,968.6766 hectare area
covered by EP-000001-08-XI.

• The term of the FTAA was extended

for a period of 12 years on June 8,
2016.

• DMPF approved on April 1, 2019

2 Agusan Petroleum and Mineral FTAA-03-2008-IVB Ferdinand L. Luciano Abra de Ilog, Occidental Mindoro and 46,050.6500 Gold, silver 10/16/2008 10/16/2033 • Under Exploration
Corporation President San Teodoro, Oriental Mindoro
153 EDSA, Brgy. Wack-Wack,
1552 Madaluyong City

3 FCF Minerals Corporation FTAA-04-2009-II Darren Patrick Bowden Quezon, Nueva Vizcaya 3,093.5100 Gold 9/19/2009 9/19/2034 • Commercial Operation
President
22nd Floor Salcedo Towers, 169 • DMPF was approved on October 18, 2011.
H.V. Dela Costa Street, Salcedo
Village, 1227 Makati City
Tel. No. 659-5662
Fax No. 846-8507

4 Altamina Exploration and FTAA-06-2010-I Edgar R. Paddayuman Magsingal, Sto. Domingo, San 9,588.2428 Magnetite Sand 6/29/2010 6/29/2035 • Under Exploration
Resources, Inc. President/ Chairman Vicente, Sta. Catalina, Vigan, and other
Caoayan, Santa, Narvacan, Sta. associated
19th Floor Marco Polo Ortigas Maria, Sinait, San Esteban, minerals
Manila, Sapphire Road, Ortigas Santiago, Candon, San Juan,
Center, 1605 Pasig City Cabugao, Ilocos Sur; Currimao,
Tel No. 883-5311 Pinili, Badoc, Ilocos Norte; and San
Fabian, Mangaldan, Binmaley,
Lingayen, Alaminos and Dagupan
City, Pangasinan
TOTAL= 85,234.0244

COPYRIGHT
ALL RIGHTS RESERVED
MINES AND GEOSCIENCES BUREAU
(2018) Page 1
 MRMS Report No. 004-A

AREA SIZE DATE DATE OF

Item No. HOLDER TENEMENT NO CONTACT INFORMATION LOCATION COMMODITY REMARKS/STATUS
(Has.) APPROVED EXPIRATION

A2. LIST OF EXISTING FTAAs WITH APPLICATION FOR RENEWAL

Total = 1 Total Area (Hectares) = 9,238.0000
1 Oceanagold (Philippines), Inc. FTAA-001 Michael Harry Lou Holmes Nueva Vizcaya and Quirino 9,238.0000 Gold, copper 6/20/1994 6/20/2019 • Commercial Operation within the approved
(Formerly Australasian Chairman Provinces partial Declaration of Mining Project
Philippines Mining, Inc.)* Feasibility (DMPF) covering 975 hectares
Atty. Joan D. Adaci-Cattiling of the said retained area, which was
President approved on October 11, 2005.

2nd Flr. Carlos J. Valdes Bldg., 108 • Under Exploration covering the remaining
Aguirre Street., Legaspi Village, area not covered by the partial DMPF.
1229 Makati City
• The extension of the Exploration Period
Tel No. (0632) 779-6653 was approved on March 10, 2016.
Fax No. (0632) 8892-8399
• With renewal application filed on October
1, 2018

• MGB CO forwarded the renewal application to

DENR on April 30, 2019

• DENR endorsed to the Office of the President

(OP) the renewal application

• OP return the application for renewal for lack

of NCIP requirements on June 19, 2019

• MGB CO issued letter to DENR permitting

Oceanagold (Philippines), Inc. (OGPI) to
continue its mining operation on June 20,
2019

B. LIST OF CANCELLED FTAAs

Total = 1 Total Area (Hectares) = 12,381.7200

1 Narra Nickel Mining and Devt. FTAA-05-2010-IVB Manuel A. Agcaoili Rizal, Bataraza and Narra, Palawan 12,381.7200 Nickel, cobalt and 4/12/2010 4/12/2035 • FTAA was cancelled thru the Decision
Corp., Tesoro Mining and Devt. President other associated dated April 6, 2011 of the Office of the
Corp. and McArthur Mining, Inc. MBMI Resource Philippines minerals President (OP).
7th Floor, Room 705, The Linden
Suite, 37 San Miguel Ave., Ortigas • The April 6, 2011 decision of OP was
Center, 1605 Pasig City affirmed by the Court of Appeals
Decision dated February 23, 2012

• The Supreme Court (SC) issued the

Resolution dated April 21, 2014,
declaring Narra Nickel, Tesoro and
McArthur as Foreign Corporations.

• SC issued the decision on December

9, 2015, declaring as Null and Void the
February 23, 2012 decision.
TOTAL= 12,381.7200

COPYRIGHT
ALL RIGHTS RESERVED
MINES AND GEOSCIENCES BUREAU
(2018) Page 2