Friday, February 9, 2018

Manila Mining Corporation (MA)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Manila Mining Corporation (MA)
Sector
Mining and Oil
Incorporation Date
Jun 03, 1949
Subsector
Mining and Oil
Number of employees
72 (Group Total)
Board of Directors
Chairman: Felipe U.
Website / E-mail
http://www.manilamining.com / odette.javier@lepantomining.com
2. Stock Information
Total Assets
3,230,725,429
Market Capitalization
1,557,960,863.72
Total Liabilities
253,091,238
Outstanding Shares
155,796,086,372
Retained Earnings
-1,144,758,407
Listed Shares
155,482,286,372
Listing Date
Dec 17, 1959
Issued Shares
155,796,086,372
Board Lot
100,000
Free Float Level (%)
77.83%
Par Value
0.01
Foreign Ownership Limit
0%
3. Major Stock Holders (common shares)
LEPANTO CONSOLIDATED MINING COMPANY
LEPANTO INVESTMENT AND DEVELOPMENT CORPORATION
16.05%
03.68%
4. Company Descriptions and Business Development
Notes
1. It has no parent company. It’s just an affiliate of LC (a listed company).
2. F. Yap Securities, Inc is holding the Class A (around 21%) and B shares (around 38%).
3. Bryan U. Yap is the son of Felipe U. Yap. Patrick and Stephen are nephews of Felipe U. Yap.
Overview
It was producing gold and copper through KCRI, but it suspended the operation in 2001. It has Exploration Permits covering around 2,178-ha nearby KCRI mine. It owns around 1,165-ha land in the mine site.


Business
It has no significant commercial operations. It is just maintaining the site and equipments for the future resume of mining.

Subsidiaries / Associates / Affiliates / Joint Ventures
Kalayaan Copper-Gold Resources,Inc (KCRI, 95%)is the MPSA holder of the company’s 286-ha mine site. The renewal application is still pending.

+++++++++++++++++++++++++++++++++++++++++

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...