Atlas Consolidated Mining and Development Company (" Atlas Mining" ) was integrated in 1935 as " Masbate Consolidated Mining Company, Inc. вЂќ. In the 1980s, it was regarded as the third greatest copper my very own in the world and was control 110, 1000 copper ore a day. Yet , in the early on 1990s, Atlas was forced to suspend it is operations due to a hurricane that significantly damaged the mines in Toledo. Atlas Mining now has only one (1) mill for operations.
A serious restructuring with the Company's resources was carried out in years 2004 and 2005 with the creation of three particular purpose subsidiaries to develop the Toledo Water piping Complex, Berong Nickel Job and the Toledo-Cebu Bulk Water and Water tank Project. As a result, Carmen Water piping Corporation (CCC), Berong Dime Corporation (BNC) and AquAtlas Inc. (AI) were included and, subsequently, were placed to attract project financing as well as specialist supervision and operating expertise. In addition , Atlas designed a 100%-owned subsidiary, Atlas Exploration Incorporation. (AEI), to host, check out and develop copper, precious metal, nickel and other mineral query properties. AEI will also search for other metalliferous and professional minerals to enhance and diversify the vitamin holdings and portfolio of Atlas. Atlas is listed inside the Philippine Stock market (PSE) and was, till May 1995, listed in the American Stock Exchange (AMEX).
ATLAS QUERY, INC. owns/controls considerable acres of vitamin rights in Cebu and other parts from the Philippines. Atlas Mining should increase and enhance their mineral resource-based assets by using a comprehensive exploration program. BERONG NICKEL COMPANY holds your fourth largest pennie laterite-saprolite put in in the world. The mine has become shipping laterite nickel ore since February, 2007. BERONG NICKEL ORGANIZATION
cARMEN COPPER MINERAL CORPORATION
CARMEN COPPER FIRM (CCC) offers exclusive operating rights over the in situ mineral solutions and ore reserves of Carmen, Lutopan and Biga, collectively referred to as Toledo Water piping Mine. ATLAS EXPLORATION, INC.
AQUATLAS, INCORPORATION. utilizes the 13-million cu meter drinking water reservoir in Toledo Metropolis to generate pump-power storage, hydroelectric power pertaining to CCC's exploration operation, as well as bulk hydrant to Toledo City and/or Metro Cebu. AQUATLAS, INC.
Atlas Consolidated Mining and Advancement Corporation (Atlas Mining) should be a diversified, competent, progressive, stable, dependable and internationally recognized nutrient resource-based firm.
Atlas Mining shall contribute to improving national creation by the pursuit and development of its vitamin properties as well as mineral removal and control to optimize added financial value. That shall embark on this quest through highly competent, dedicated and honest employees who also are enthusiastic to deliver the best because of their sense of mission and a understanding of Atlas Mining stakeholder's needs. That shall produce and maintain a tradition of ongoing improvement through strategic purchases of its human resources and relevant state-of-the-art equipment. It shall support the Government's plan of life-of-mine environmental protection, health, basic safety and social responsibilities and also the integrated acquire closure organizing. Atlas Exploration shall go after all the activities inside the context to be a good corporate and business citizen.
Composition and Qualification
The Atlas Board of Directors (the " BoardвЂќ) is composed of 11 members who have are generally selected by Atlas shareholders throughout their annual conference. Of these kinds of members, at least two must satisfy the requirements of independence underneath the Securities Regulation Code (SRC) and Atlas Corporate Governance Manual (the " CG ManualвЂќ). Atlas currently features three independent directors that have confirmed that they qualify consequently based on conditions set under Rule 32 of the regulations implementing...