Concrete Aggregates : Annual Verification of the Mines and Geosciences Bureau
February 04, 2022 at 02:56 am
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Concrete Aggregates CorporationCA
PSE Disclosure Form 17-14 - Annual Verification of the Mines and Geosciences Bureau Reference: Section 17.14 of the Revised Disclosure Rules
Subject of the Disclosure
Concrete Aggregates Corporation's Certification from the Mines and Geosciences Bureau
Description of the Disclosure
In compliance with Section 17.14 of the Disclosure Rules of the Philippine Stock Exchange on the Annual Verification of the Bureau of Mines
List of valid and subsisting mining properties
Concrete Aggregates Corporation entered into these Mineral Production Sharing Agreements (MPSAs) with the Philippine Government for commercial production of aggregate materials from certain areas in the Municipality of Angono, Province of Rizal, particularly MPSA-032-95-IV, approved on 15 June 1995 and expiring on 29 December 2045 covering an area of 192.00 hectares and MPSA-055-96-IV approved on 23 October 1996 and expiring on 23 October 2046 covering an area of 19.99 hectares.
CAC likewise agreed with Batong Angono Aggregates Corporation (now LafargeHolcim Aggregates, Inc.) for the exploration, development and utilization/operation of the aforesaid MPSAs
Moreover, the Mines and Geosciences Bureau (MGB) approved the renewal of MPSA Nos. 032-95-IV and 055-96-IV for another 25-year term on 24 March 2021, subject to compliance by CAC with the terms and conditions of the said Contracts.The MGB confirms that the MPSAs of CAC remain valid and existing.
List of valid mining claims/leases, including a disclosure of all liens/encumbrances
MPSA-032-95-IV and MPSA-055-96-IV
Other Relevant Information
N/A
Filed on behalf by:
Name
Jose Antonio III Evangelista
Designation
Corporate Secretary, Compliance Officer, and Chief Risk Officer
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Concrete Aggregates Corporation published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 02:55:02 UTC.
Concrete Aggregates Corporation is a holding company. The Company is primarily engaged in quarrying, crushing, and selling basalt concrete aggregates. It is also engaged in real estate business and purchase, own, subdivide, sell, lease, rent, mortgage, take option or otherwise deal in real property, improved or unimproved, be it residential, commercial, or agricultural, insofar as may be permitted by law. The Company operates through the quarrying business segment. Its quarry operations are concentrated on the Company's properties located in Barangay San Isidro, San Roque, Angono, Rizal, which are covered by various transfer certificates of title, consisting of approximately 213 hectares. Its properties owned by the Company include parcels of land located at Angono, Cardona, Montalban and Binangonan, Rizal and at Batangas and Pampanga. Its subsidiaries, CAC Insurance Agency Corp., is engaged in providing general insurance; and CAC Marketing and Services Corp. is engaged in marketing.