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Mines and Geosciences Bureau – Regional Office 7 Page 1
BOHOL LIMESTONE CORPORATION
QUICKFACTS I. General Information MPSA Contractor : B O H O L L I M E S T O N E C O R P O R A T I O N Mining Tenement : Mineral Production Sharing Agreement No. 150- 2000 - VII Date Approved : J a n u a r y 7 , 2 0 0 0 Date of Expiration : January 7, 2025 Term of MPSA : 25 years; renewable for another twenty five years Contract Area : 640 hectares Location : West Canayaon, Garcia-Hernandez, Bohol Mineral Commodity : Limestone Mineral R e s ource : 560,900,000 MT Office Address : West Canayaon, Garcia-Hernandez, Bohol Contact Number : ( 032 ) 532 1204 President : Mr. Victor J. Bantol Company Structure : 40 % Philippine Mining Service Corporation 60 % Filipino
Mines and Geosciences Bureau – Regional Office 7 Page 2 II. ECONOMIC CONTRIBUTION ➢ Mining Investments Total reported investment of B o h o l L i m e s t o n e C o r p o r a t i o n amounted to Php 10 Million as of December 2017. ➢ PRODUCTION PRODUCTION 2017 Quantity ( (( Value Limestone Ore 2,9 50 , 30 6 MT 0 DMT PHP 144 , 564 , 994. ➢ EXPORT Name of Company / Country of Destination Quantity Value In Php In US$ N/A N/A N/A N/A ➢ Employment Bohol Limestone Corporation employed seven regular employees as of 2017. Out of the seven, two were in the managerial position while the other five were rank and file employees. The company also employed 47 contract workers, which were from NACI, S H I N E F O R , D A C O N S f o r N u r s e r y M a i n t e n a n c e , J B R o c k f o r W a s t e H a u l i n g a n d JCSSI for security. ➢ Taxes, Fees and Royalties
MINES AND GEOSCIENCES BUREAU QUICKFACTS Page 4
III. ENVIRONMENTAL PROTECTION AND MANAGEMENT
➢ Social Development Management Program In 2017 , the total amount committed by Bohol Limestone Corporation for the development of their host and neighboring communities through their approved Social Development and Management Program (SDMP) is Php 2. 9 M illion. There are 12 barangays that stand to benefit in the implementation of approved community/social projects of the company. ➢ Environmental Protection and Enhancement Program Bohol Limestone Corporation has committed a total of P 4.1 million for the implementation of approved plans/ projects/programs/ activities under the Annual Environmental Protection and Enhancement Programs of
- The activities set in the AEPEP are implemented to achieve the environmental management objectives, criteria and commitments including protection and rehabilitation of the disturbed environment. I. Withheld Taxes (W/T) W/T on Payroll 214,500. W/T on Royalties on Claimowners/Surface Owners - W/T on Dividends - W/T of Profit Remittance to Mother Company - W/T on Interest Income 2 , 1 00. W/T on Interest Payments - Other Withheld Taxes – Expand WT 2,700,000. Total Withheld Taxes 2,916,600. II. Royalty Payments a. Government/Mineral Reservation - b. Claimowners and/or Surface Owners - c. Indigenoues People - GRAND TOTAL 15,073,950.
MINES AND GEOSCIENCES BUREAU QUICKFACTS Page 5 ➢ Mining Forest Program The total seedlings produced/propagated by Bohol Limestone Corporation in coordination with Philippine Mining Service Corporation – Bohol Project were 25 , 760 seedlings. There were around 8,226 seedlings p la nt ed a nd 465 were donated.
