Tuesday, February 6, 2018

Abra Mining and Industrial Corporation (AR)

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1. Company Information
Company Name
Abra Mining and Industrial Corporation (AR)
Sector
Mining and Oil
Incorporation Date
Sep 28, 1964
Subsector
Mining
Number of employees
 14 (Group Total)
Board of Directors
Chairman: Jeremias B. Beloy
Website / E-mail
amic@netasia.net
2. Stock Information
Total Assets
1,799,528,080
Market Capitalization
458,377,543.66
Total Liabilities
56,582,974
Outstanding Shares
199,294,584,200
Retained Earnings
-58,968,635.40
Listed Shares
72,946,882,574
Listing Date
Dec 24, 1969
Issued Shares
99,294,584,200
Board Lot
1,000,000
Free Float Level (%)
62.02%
Par Value
0.01
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
PCD NOMINEE CORP. (Fil.)
JABEL OVERSEAS CORP
PCD NOMINEE CORP. (Non-Fil)
46.48%
48.00%
01.90%
4. Company Descriptions and Business Development
Notes
1. 
Overview
AR's business lines consist of the commercial utilization of limestone, lime, shale, silica, sand, gold, silver, copper, zinc, magnetite iron sand and other mineral deposits existing within the contract area. It has four (4) mining claims are:  Bucay Baticang Limestone and Alluvial Gold Magnetite Project, Capcapo Gold Copper Project, Patok Gold Silver Copper Project, The Sanvig Alluvial Gold and Magnetite Iron Sand Deposits. None of them are operational now.


Business
No significant revenue generating business activities as of 2017.

Subsidiaries / Associates / Affiliates / Joint Ventures

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...