June 25, 2017 5:10 AM ET

Metals and Mining

Company Overview of Nationwide Development Corporation

Company Overview

Nationwide Development Corporation engages in the discovery, exploration, and development of copper and gold mineral resources in the Philippines. The company also operates to mine, dig for, or obtain from the earth copper and gold; and to manufacture, refine, prepare for market, buy, sell, and transport copper and gold in crude or refined conditions. Nationwide Development Corporation was incorporated in 1956 and is based in Pasig, the Philippines with a field office in Compostela Valley.

Unit No. 906

One Corporate Centre

Doña Julia Vargas corner Meralco Avenue

Ortigas Center

Pasig,  1600

Philippines

Founded in 1956

Phone:

63 2 477 9905

Fax:

63 2 477 9910

Key Executives for Nationwide Development Corporation

Chief Executive Officer and Director
Age: 81
Chief Finance Officer and Director
Age: 65
Chief Technical Officer and Resident Manager
Executive Vice President
Compensation as of Fiscal Year 2016.

Nationwide Development Corporation Key Developments

Philippines Government Approves Nationwide Development Corporation's $2 Billion King-King Copper-Gold Project

St Augustine Gold and Copper's joint-venture partner Nationwide Development Corporation (Nadecor) has secured Philippines approval to go ahead with development of the $2 billion King-king copper-gold project in Mindanao. Declaration of mining project feasibility (DMPF) approval granted by the Mines and Geosciences Bureau (MGB) of the Philippines Government is the mine's last significant permit required. Approval will allow the companies to initiate mine development, construction and operation in the Republic of the Philippines. The King-king project is located in Compostela Valley and is expected to recover 3.16 billion pounds of copper and 5.43 million ounces of gold over its 25-year mine and process life.

Nationwide Development Corporation, Mansaka Indigenous Cultural Communities/Indigenous Peoples and National Commission on Indigenous Peoples Enter into Memorandum of Agreement

St. Augustine Gold and Copper Limited announced that its joint venture partner, Nationwide Development Corporation and the Mansaka Indigenous Cultural Communities/Indigenous Peoples, and the National Commission on Indigenous Peoples collectively entered into a Memorandum of Agreement for the support and development of the King-king Copper-Gold Project. The signing of the MOA represents another significant milestone in the company's efforts to secure permitting and support for the development of the Project. The MOA, together with the Free and Prior Informed Consent report of the NCIP Regional Office, has been forwarded to the NCIP Central Office in Manila. The NCIP Commissioners will review the MOA and, upon determination that the documents submitted are complete and in order, the NCIP Commission will issue the Certificate of Precondition. The MOA is valid for 25 years and provides a framework for how the Project will benefit the Mansaka Tribe through payment of a 1% royalty fee, as well as employment and various social development programs.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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