| As of September 2009, Frasec Ventures has ongoing mining operation across the different regions in the Philippines covering an aggregate area of approximately 50,000 square kilometres
Key Facts
Incorporated: 2002
Headquarters: Cebu, Philippines
President & CEO: Francis Gerard S. Cañedo
Work Force: Approximately 300 employees
Equipment Listing: Approximately 100 Units as of Year-end 2008
Regions in the Philippines in which we operate: Region 7 and Region 8
Mineral Handling and Commodities:
- WELLEX MINING–FRASEC VENTURES (JOINT-VENTURE): Chromite (as of year 2009)
- A joint-venture with Wellex Mining, Frasec explores and operates in a 1,200 hectares of MPSA property and is expected to produce 1,200,000 metric tons of metallurgical grade chromites.
- PACIFIC CEMENT PHILIPPINES, INC. (PACEMPHIL): Limestone, Shale, Silica (as of year 2009)
- Provided the manpower, the technical expertise and the equipment tocompliment for the mining of Limestone, Shale and Silica Minerals at a total volume of 1,500,000 tons.
- PACIFIC NICKEL CORPORATION (PHILNICO): Nickel (as of year-end 2008)
- Exploring a 25,000 hectare mining reserve in Talisay, Surigao. Frasec provided the technical expertise to extract and sort Nickelferrous Ores in the island and is expected to ship 3,720,000 metric tons in the next two years.
- CARMEN COPPER CORPORATION: Copper (as of year-end 2008)
- Transported Copper Ore from mine crusher site to pier stockyard for shipment. Contract includes dam improvement activities and mine rehabilitation works.
- RTR IRON ORE VENTURES, INC.: Iron (as of year-end 2008)
- Provided the equipment to compliment the material handling of 2,000,000 tons of Iron Fines.
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