MacroAsia Mining Corporation (MMC) #47914

MacroAsia Mining Corporation (MMC)

MacroAsia Mining Corporation (MMC), a wholly owned subsidiary of MacroAsia Corporation (MAC), was incorporated on September 25, 2000 to serve as an institutional vehicle through and under which the business of a mining enterprise may be established, operated and maintained. MMC has been focused on providing consultancy and mining exploration services, particularly on nickel areas and projects. Since 2013, MMC has served the exploration and drilling requirements for the nickel laterite deposits of some of the major nickel producers in the country. On June 07, 2019, MAC, executed Deeds of Assignment (DOAs) in favor of MMC, wherein MAC assigned to the latter, all its rights and interests under its Mineral Production Sharing Agreements (MPSA) in Palawan. The MPSA’s that were assigned to MMC are Mineral Production Sharing Agreement (MPSA) Nos. 220-2005-IVB and 221-2005-IVB covering the 1,113.98 and 410.00 hectares, respectively, situated in Brooke’s Point Palawan. With the DENR approval, these tenements are now recorded under MMC.