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By: Karl R. Ocampo - Reporter / @kocampoINQ Philippine Daily Inquirer / 03:34 PM December 07, 2020 MANILA, Philippines — The government has greenlighted the first large-scale offshore mining in the country set to begin operations in Cagayan in January next year – considered a boon for the mineral sector, but a bane to the residents who remain wary of how the gigantic project…

Bilyonaryo Frank Lao has formed a 50-50 joint venture with publicly-listed firm Apollo Global Capital for a massive offshore mining project in Cagayan. Lao, a nickel miner and owner of the biggest Chinese restaurant group in the country, will provide the boats for extracting magnetite (iron ore used in steel production) to unlock the value of the Mineral Production Sharing…

Published December 7, 2020, 7:00 AM by Madelaine B. Miraflor The Philippines’ first large-scale offshore mining operation is set to start in January next year, involving the extraction of thousands of metric tons of magnetite iron reserves in the seabed off Cagayan. JDVC Resources Corporation, a subsidiary of publicly listed company Apollo Global Capital (APL), is already planning to start next year…

ByJordeene B. Lagare December 7, 2020 THE mining company of listed Apollo Global Capital Inc. is to commence the extraction of magnetite iron reserves in the seabed off Cagayan by next year. In a statement, Apollo Global unit JDVC Resources Corp. said it would be partnering with entrepreneur Frank Lao, owner of Choi Garden, for this project, touted as the…

By Jed Macapagal  - December 7, 2020 The country’s first large-scale offshore mining operation is set to start in January. The project, which will extract magnetite iron reserves in the seabed of Gonzaga, Cagayan, is being jointly developed by JDVC Resources Corp., a subsidiary of publicly-listed company Apollo Global Capital and food entrepreneur, Frank Lao of the Choi Garden restaurant group. The…

posted December 06, 2020 at 07:10 pm by Alena Mae S. Flores JDVC Resources Corp. teamed up with food entrepreneur Frank Lao of the Choi Garden Restaurant group for the country’s first offshore magnetite iron mining project in Cagayan.JDVC is a majority-owned subsidiary of listed company Apollo Global Capital Ltd. while Lao owns Gloria Maris in Greenhills, San Juan.Lao confirmed the joint venture…

BY LEANDER C. DOMINGO, TMT ON APRIL 23, 2018TUGUEGARAO CITY, Cagayan: A national government-sanctioned mining company is gearing up for initial exploration activities off Cagayan waters to see the possibility of extracting black sand or magnetite near three coastal towns in the province.Napoleon de Leon Jr., JDVC Resources Corp. president, however, said the company has not yet been able to extract…

BY KRISTYN NIKA M. LAZO, TMT ON FEBRUARY 21, 2017MINING firm JDVC Resources Corp. is switching to shell company Apollo Global Capital Inc. (APL) as its backdoor listing vehicle after a previous merger plan with Island Information and Technology Inc. (IITI) fell through.In separate disclosures to the Philippine Stock Exchange (PSE), APL said its board of directors approved on Friday…