Established on August 12, 1903, Benguet Corporation is the first and oldest mining company that utilized global best practices while upholding its commitment to social responsibility through environmental and social development programs. The company has been listed on the Philippine Stock Exchange since January 4, 1950. Benguet Corporation was also listed on the New York Stock Exchange (NYSE) in 1949, marking a significant milestone as one of the few Philippine companies to achieve such an international listing at that time.
Over the Company’s 120-year journey, Benguet has evolved from its gold mining origin to a full mineral resource company with a diverse portfolio that includes chromite, copper, lime, and nickel while upholding its commitment to environmental protection and community development. The Company operates a gold mine in Benguet Province, nickel mines in Zambales Province, and a limestone processing facility in Baguio City. It continues to expand its footprint in various mineral prospects through exploration all over the Philippines, including mining properties in Nevada, USA.
Beyond mining, Benguet has diversified into a multi-industry company through its owned subsidiaries in varied industries: healthcare and diagnostics, mining logistics, industrial equipment trading, port services, shipping services, real estate, and lime kiln operation. Benguetcorp Resources Management Corporation (BRMC), formerly Benguetcorp Nickel Mines, Inc. (BNMI), is a wholly-owned subsidiary of Benguet Corporation. Incorporated on October 2, 2009, BRMC is engaged in sustainable nickel ore production and is headquartered in Barangay Lipay, Sta. Cruz, Zambales. BRMC operates the SCNP.
Established in 1962 as a freight forwarder, which also went into warehousing and equipment rental, AFC underwent a strategic transformation by venturing into the construction business, rebranding to Arrow Freight and Construction Corporation (AFCC) in February 2023. As a wholly-owned subsidiary of Benguet Management Corporation, AFCC serves as the general contractor for BRMC in Sta. Cruz, Zambales deploying a fleet of equipment for various operations, including excavators, bulldozers, graders, compactors, loaders, water and dump trucks. Formerly known as Heald Lumber, BMC Forestry Corporation (BFC) was established on April 20, 1934, focusing on sustainable forestry practices. Today, as a wholly-owned subsidiary of BMC, which is itself owned by Benguet Corporation, BFC has become the real estate arm of the Benguet Group.
BGO’s commitment to environmental stewardship is attested by its ISO 14001:2015 Environmental Management Certification. This certification was first obtained in 2016 and is validated yearly. Furthermore, the Company was runner-up in the Safest Underground Mining Operation Category Award at the 67th and 69th Annual Mine Safety and Environment Conference for Fiscal Years (FY) 2020-2021 and 2022-2023, respectively. These awards highlight the Company’s continued dedication to safety, sustainability, and contribution to combat worsening climate change.
Benguet Corporation (PSE: BC), the oldest mining company listed on the Philippine Stock Exchange, has shared some exciting financial news. According to their recent disclosure
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