Company Profile

Footprints

Genluiching Mining Corporation (GMC) formally initialized mining operations on June 22, 2012 in Mati City, Davao Oriental.  It was officially registered with the Mines and Geosciences Bureau that granted an initial concession area totaling 906 hectares under an agreement valid for 10 years.  Subsequently, the Bureau under another concession agreement, authorized operations across 5,906 hectares, valid for a period co-terminus with the area’s mean lifetime of 25 years, renewable for another 25 years.

Founder

GMC was founded by Jet P. Tupas who rose from humble beginnings as general services personnel of Copylandia, Makati City.  Sensing better prospects in civil works, he found employment with the Department of Public Works and Highways’ Cavite Expressway (CAVITEX) project.  He later joined fellow workers who sought engagement with a mining firm based in Davao.  After six years of learning the technologies of the mining business and exposure to the mine-rich hinterlands of the Davao provinces, Tupas decided to set off on a course of his own and establish a small mining enterprise in Mati City, Davao Oriental.  Tupas slowly nurtured and built up GMC.  Undaunted by challenges confronting new explorers, he invested time, experience, personal resources, and trust-building among residents of the area:  the Lumad indigenous community, the Muslim communities, and household members of the upland barangays to eventually emerge a legitimate player in the Philippine mining industry.

GMC in the Context of the Philippine Mining Industry

The outlook for investments appears bright and encouraging for young industry players like GMC.  According to the MGB, the Philippines is the 5th most mineral-rich country in the world with an estimated US$840 billion worth of untapped mineral wealth as of 2012.  Around 30 million hectares of land in the country are estimated as areas of possible metallic mineral deposits and 9 million hectares are identified as high in mineral potential.  The Philippines’ metal deposit is estimated to be 21.5 billion metric tons.

Generally, the mining industry contributes about 0.6% to the country’s economy.  Per the MGB, the Gross Production Value in Mining rose from PhP157.1 billion in 2013 to PhP176.3 billion in 2016.  Total Exports of Minerals and Mineral Products, according to statistics of the Bangko Sentral ng Pilipinas (BSP) stood at US$3,412 million in 2013 to US$4.052 in 2017.

The Philippine Mining Act of 1995 allows foreign ownership of mining assets and exploration, the constitutionality of which was upheld by the Philippine Supreme Court in 2004.  There were 40 metallic and 62 non-metallic mine players in the country, with more than 1,400 applications under process by the Bureau in 2016.

In the implementation of their mining projects, mining companies have committed billions to the development of area-based communities under their social development and environmental protection programs.  Companies as a whole have reforested about 476,000 hectares of mined areas as of end-2016.  GMC shares this commitment among its co-members of the Chamber of Mines of the Philippines with which it has forged affiliation.

Production Capacity

These industrial scenarios present GMC with a wide staging area for performance. Over time, the company has grown in strength to be able to produce, at maximum capacity, 600,000 metric tons of iron ore per month and to engage in the trading of 500,000 metric tons per month.  The extracted ores undergo rigid inspection by partner laboratories CCIC (Phils.), Inc. and ALS Minerals based in the Philippines and Intertek (McPhar) based in China.  According to their study findings and reports, the quality of the iron ore mined by GMC exceeds the global standard of 65% Fe.

Mining Sites

GMC’s Davao mining site is geographically located in Sitio Sawidan, Barangay Tagbinonga, Mati City, Davao Oriental. A second mining site was explored starting March 2015 across five hectares of hilly terrain in Barangay Handalamanun, Municipality of Ayungon, Negros Oriental.

View Mati Mining Site View Negros Mining Site