Wednesday, February 7, 2018

Benguet Corporation (BC)

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For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Benguet Corporation (BC)
Sector
Mining and Oil
Incorporation Date
Aug 12, 1903
Subsector
Mining
Number of employees
 (Group Total)
Board of Directors
Chairman: Daniel Andrew G. Romualdez, Vice Chairman: Benjamin Philip G. Romualdez
Other Directors: Isidro C. Alcantara, Jr.(MARC, BRK)
Website / E-mail
http://www.benguetcorp.com / admin@benguetcorp.com
2. Stock Information
Total Assets
6,444,376,000
Market Capitalization
630,257,933.70
Total Liabilities
2,783,486,000
Outstanding Shares
370,739,961
Retained Earnings
1,889,730,000
Listed Shares
371,050,755
Listing Date
Jan 04, 1950
Issued Shares
371,050,755
Board Lot
1,000
Free Float Level (%)
44.79%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
PCD NOMINEE CORPORATION (FILIPINO)
PALM AVENUE HOLDING COMPANY INC.
PALM AVE. HOLDINGS CO.
PALM AVE. HOLDINGS CO.
HOUSE OF INVESTMENT, INC.
47.43%
17.69%
17.23%
08.31%
02.30%
4. Company Descriptions and Business Development
Notes
1.  Benjamin Philip G. Romualdez, Daniel Andrew G. Romualdez and Maria Remedios R. Pompidou are siblings.
2. Its major mines are canceled by DENR in 2017.
Overview
The Company explores for mines, currently produces and markets gold, nickel laterite ore, limestone; and through its subsidiaries, provides logistics, port and shipping services, and healthcare services; sells industrial equipment and supplies; develops water resources and real estate projects.  It provides healthcare and diagnostics services through BenguetCorp Laboratories; mining logistics through Arrow Freight Corporation; trading of industrial equipment and supplies through Benguetrade, Inc.; port services through Keystone Port Logistics and Management Services Corporation; shipping services through Calhorr 1 Marine Services Corporation and Calhorr 2 Marine Services, Inc.; and real estate development and lime production through BMC Forestry Corporation.


Business
Sale of mine products
Sale of Services
Trucking
Rental and others
1,424,426,000
100,597,000
5,564,000
3,657,000
92.84%
6.56%
0.36%
0.24%

Mining Operation
Acupan Gold Project (AGP) in Benguet Gold Operation (BGO) recorded P542.2 million revenues in 2016. DENR (Department of Environment and Natural Resource) caned the operation in early 2017. The company’s appeal is still pending in the OP (Office of the President).
Sta. Cruz Nickel Project (SCNP) contributed 53% of the Company’s consolidated revenues, ending 2016 with P810 million. It was also canceled by DENR and appealed to OP as of now.
There other exploration projects such as Balatoc Tailings, AntamokTailings, etc.

Subsidiaries / Associates / Affiliates / Joint Ventures
Benguet Management Corporation (BMC) has several subsidiaries.
BenguetCorp Laboratories Inc. (BCLI) recorded around P78 million in 2016.
Arrow Freight Corporation (AFC)

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MARKET ISSUES

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