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…
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
JDVC, Lao to engage in magnetite mining
By admin
/
December 7, 2020
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…
Read More
Firm to explore for black sand
By admin
/
September 1, 2018
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…
Read More
Excerpt from the confirmation hearing of DENR Sec. Gina Lopez
By admin
/
September 1, 2018
https://www.youtube.com/watch?v=m4w_EYSZe0I#t=51m40sSec. Gina Lopez said “I in fact sir I would ask them to look into ah, I have been told that there is a way of mining which uses magnets which gets the minerals and then you don’t kill the ecology”Source: https://www.youtube.com/watch?v=m4w_EYSZe0I#t=51m40s
Read More
BROWSE OUR WEBSITE
Corporate Address
We are here
Unit 504, Galleria Corporate Center, EDSA corner Ortigas Ave., Brgy. Ugong Norte, Quezon City