|Project Details||Marcventure Mining and Development Corporation (MMDC) was created by Ventura Timber Corporation (VTC). The company holds a Mining Production Sharing Agreement (MPSA) MPSA No. 016-93-X (SMR), covering 4,799ha, located in the Diwata Mountain Range, Cantilan Surigao del Sur. The MPSA, granted on July 1, 1993, states gold and copper reserves and on July 1, 2018 . The company was further approved to mine nickel ore within its MPSA [7;11].|
The mining capacity, using open pit mining, was reported to amount to 800,000 wet metric tons of nickel ore (WMT) per year . In 2013, production rose significantly, to an ore shipment volume of 2.8 million WMT . Measured nickel mineral resources were reported to amount to 45.324 million WMT, containing a total of 344.739 MT of nickel .
In 2010, the planned investment was stated to amount to 470 million PHP (roughly 10 million USD) .
On March 23, 2009, the Presidential Proclamation No. 1747 declared parts of the rivers and water falls within Cantilan municipality as watershed forest reserves, comprising 43,601ha .
MMDC is a 100% subsidiary of Marcventure Holdings Inc. a company listed on the Philippine Stock Exchange . Among the principal shareholders is the Trust & Investment Center of Philippine Business Bank (A Savings Bank) with 32.94% of shares, as of December 31, 2014. Other principal shareholders are individuals rather than companies . Among other companies involved, listed under “affiliates”, is the Asian Alliance Investment Corp .
|Project Area (in hectares)||4,799|
|Level of Investment (in USD)||>10,000,000|
|Type of Population||Rural|
|Potential Affected Population||>10,000|
|Company Names or State Enterprises||Marcventures Mining and Development Corporation (MMDC) from Philippines|
Marcventures Holdings, Inc. (MARC) (MARC) from Philippines - mining
|Relevant government actors||Department of Environment and Natural Resources (DENR); Local Governmental Units (LGU) of Cantilan and Carrascal|
|International and Financial Institutions||Philippine Business Bank from Philippines - banking, finance, investment|
Asian Alliance Investment Corporation from Philippines - banking, finance, investment
|Environmental justice organisations and other supporters||Carcanmadcarlan Baywatch Foundation; Alyansa Tigil Mina (ATM); Baywatch foundation; Tambuyog Development Center; Nagpakabana nga Carcanmadcarlanon (NnC); HARIBON Foundation; Catholic Bishop Church in the Philippines (CBCP); Legal Rights and Natural Resources Center — Kasama sa Kailkasan/Friends of the Earth Philippines (LRC-KsK/FOE); Philippine Partnership for the Development of Human Resources in Rural Areas (PhilDHRRA); Green Mindanao Association.|
The petitioners for a writ of Kalikasan came from the Tribal Coalition of Mindanao, Daging Manobo Sectoral Tribal Council, urbistondo Manobo-Mamanwa Sectoral Tribal Council, Kinalablaban Sectoral Tribal Council, Cabanghan Tribal Community – Manobo Tribe.