By Keith Richard D. Mariano, Reporter Posted on February 21, 2017 APOLLO GLOBAL Capital, Inc. is taking over miner JDVC Resources Corp. in a transaction that will result in the latter’s listing on the Philippine Stock Exchange through the backdoor. The top view of the trading floor at the Philippine Stock Exchange is seen in this photo — BW FILE…
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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 switches to APL as backdoor listing vehicle
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September 1, 2018
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…
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JDVC eyes Apollo for backdoor listing
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September 1, 2018
Posted February 20, 2017 at 09:09 pm by Jenniffer B. AustriaThe Philippine Stock Exchange suspended the trading of dormant company Apollo Global Capital Inc. which is being eyed for the backdoor listing of black sand miner JDVC Resources Corp.Apollo Global said in a disclosure to the stock exchange its board of directors approved the subscription by Hyung Rae Doo, Napoleon…
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BOI, DOST agencies sign deal on iron and steel study
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August 27, 2018
By RAADEE S. SAUSA, TMT on November 23, 2016 THE Board of Investments (BOI) and the Department of Science and Technology’s Metals Industry Research and Development (MIRDC), along with the Philippine Council for Industry, Energy and Emerging Technology Research and Development (PCIEERD) have agreed to conduct a feasibility study on boosting the local production of iron using the country’s indigenous…
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