Public Ownership Reports Download 2024
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Marcventures 2020 Double Revenue Growth
Marcventures Mining and Development Corporation (MMDC) closed the year 2020 on a high note with a 220.7% increase in net income. From a positive stand point of Php 165 Million in 2019, net income further rose to Php 530 Million in 2020 with Gross Revenues doubling at 100.8% from Php 1.43 Billion in 2019 to 2.87 Billion for 2020. MMDC’s Nickel ore shipments increased by 21.2%, from 1.42 Million WMT (Wet Metric Tons) in 2019 to 1.732 Million WMT of saprolite ore in 2020 reflecting a leap to 32 shipments in 2020 from the 26 vessels in 2019. For the current year MMDC is looking at shipping 2.035 Million WMT of both saprolite and limonite ore, supported by a capital expenditure programmed at Php 27.64 Million. MMDC’s solid financial performance is strengthened by its commitment to preserve the environment and support host communities. The company continues to provide livelihood opportunities, educational and health assistance to all 42 communities in the municipalities Cantillan, Carrascal and Madrid, in Surigao del Sur.
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MMDC builds homes for families in Carrascal
Marcventures Mining and Development Corporation (MMDC) helped build houses for families living in Barangay Bon-ot, Panikian, Banban and Gamuton in Carrascal. A joint project with the local government, the houses were in line with company’s livelihood development initiatives that offers safe and decent shelters to families. Adequate living spaces bring hope and new opportunities for members of the community. The project directly addresses the UN Sustainable Development Goal on Safe and Resilient Human Settlements and Sustainable Communities. MMDC also built facilities for potable water in Cabangahan, a daycare and feeding centers in Panikian, Parang and Babuyan. Through its Social Development and Management Program (SDMP), MMDC provides livelihood programs to ensure that equal opportunities to create, build and earn are extended to all sectors of society. Farmers were given rice seeds, organic fertilizers and carabaos to help plow the farm lands and yield more crops for higher income. MMDC also provided chariot vehicles to the farmer’s association for the efficient delivery of market products. To churn and aerate the soil before planting, rotavator machines were donated for the farmers in barangay Cabas-an, Parang and Bacolod. MMDC also built a rice mill that offers affordable rice clearing services. MMDC’s recently reported a double income growth in 2020. Its solid performance is strengthened by its commitment to preserve the environment and provide livelihood opportunities, educational and health assistance to all 42 communities in the municipalities Cantillan, Carrascal and Madrid, in Surigao del Sur.
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MMDC bags 2023 ISO Certification
After a successful audit conducted by NQA Philippines Inc., Marcventures Mining and Development Corporation successfully received certification for ISO 9002:2015 (Quality Management System); ISO 14001: 2015 (Environmental Management System) & ISO 45001:2018, (Occupational Health & Safety) NQA Philippines is a leading assessment, verification and certification body that works and evaluates an organizations performance in quality, environment and health and safety management. ISO certification is a credential that validates the fulfillment of the requirements relating to quality process standards as defined by the International Standards Organization (ISO). The non-governmental organization determines specifications for products, services and systems for quality and efficiency. The certification is proof that the organization met the standards set forth by ISO MMDC was certified for ISO 9002:2015 also known as the Quality Management System. The standard signifies improved performance, the ability to address customer expectation and commitment to quality. It calls for the establishment, implementation, maintenance and continuous improvement of a quality management system (QMS). Another certification was earned for ISO 14001:2015 or the Environmental Management System. The standard defines the organization’s improve environmental performance through efficient use of resources and reduction of waste, gaining a competitive advantage and the trust of stakeholders. It also calls for the management of environmental aspects and ensures conformity to compliance obligations while addressing risks associated with threats and opportunities. Lastly the ISO 14001:2015 certification or the Occupational Health & Safety Management System. This is mandated to all mining contractors as per Department of Environment and Natural Resources (DENR) Administrative Order No. 2015-07 and is also known as Mandating Mining Contractors to Secure ISO 14001 Certification. MMDC was initially certified in 2017, and was subsequently recommended for recertification in 2020 and 2023. The credential is a clear testament of the unified, streamlined, and high efficiency level of the business processes across MMDC’s management spectrum
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