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…
Read More
JDVC is the Philippines first large scale offshore mining company that focuses primary on magnetite (Fe3O4) mining which has an area of 1,902.59-hectare or 19,025,939-square meter area located 14 kilometers offshore from the municipality of Gonzaga, province of Cagayan.
Difference between Offshore and Onshore Mining
The difference between offshore mining and onshore mining is that offshore mining is done thru the use of environmentally safe and ecologically balanced siphoning vessel with advanced technology system of mining minerals under the sea. Siphon vessel system have been successfully used in Japan, New Zealand and in Indonesia for the last several decade with no published negative effect to the environment. On the other hand, onshore mining involves heavy earth movements by extraction equipment like bulldozers, pay loaders, dump trucks, backhoes and the like that are usually done in the mountainous areas that causes environmental situation and ecological imbalances.
Newsletter
From Chinese resto king to iron man: Frank Lao ties up with Apollo group for huge mining project
By admin
/
December 7, 2020
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…
Read More
PH’s 1st large-scale offshore mining to start in January
By admin
/
December 7, 2020
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…
Read More
Apollo unit to mine magnetite in Cagayan
By admin
/
December 7, 2020
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…
Read More
BROWSE OUR WEBSITE
Corporate Address
We are here
Unit 504, Galleria Corporate Center, EDSA corner Ortigas Ave., Brgy. Ugong Norte, Quezon City