Corporate Social Responsibility

Social Development and Management Program

Environmental protection, management and monitoring

Education

Scholarships

The Company’s Co-O Gold Mine with its own processing plant has established its environmental management strategies to comply with the mandates of the relevant regulating bodies. The continual mining operation, though expanding to different levels, has only minimal surface disturbed areas. The Company’s environmental protection and enhancement program and environmental mitigating measures ensured that the tenement’s land, air and water resources were responsibly managed.

The program provides assistance to scholars through Full Scholarship grants, Half Scholarship grants and Educational Assistance.Several of the scholars that graduated have chosen to work as teachers at Philsaga High School Foundation. Some were also invited to work for either PMC or MMPRC. This is an excellent overall result for the individuals, their families, the local communities and the Company.

Health

Supplemental Feeding

PMC and MMPRC through their Social Development and Management Program conducted Supplemental Feeding which benefits 60 undernourished children aged less than 12 months old. The activity was conducted with the coordination of the Municipal Nutrition Officer of Bunawan and Rural Health Unit Office of the municipality.

Medical Mission

The Company continued to support the Annual Medical Outreach Activities conducted in Barangay Bayugan 3 in partnership with the Rural Health Unit of Rosario. These services include providing Medical Consultation, Dental Extraction and Health Profiling.

Over 800 members from the community have benefitted from the ongoing free medical consultation and medicines provided by Philsaga Mining Hospital.

Enterprise Development and Networking

PMC’s and MMPRC’s Livelihood Programs are focused on building partnerships, empowering individuals, and promoting stakeholder accountability to help build self-reliant and sustainable communities. Projects implemented under the Livelihood Program vary from animal husbandry and agronomy to establishing cooperatives for small-scale trading. This allows stakeholders the opportunity to mature as self sufficient entrepreneurs while improving on their business acumen with the support of technical expertise provided or facilitated by the Company.

These programs involve working with local, regional and national authorities, local associations and local people to assist them in developing knowledge and skills to establish small businesses.

This includes providing training in value formation, business enterprise development, project management, simple bookkeeping and specialised production and business training.

New businesses assisted this year include coconut plantation, water refilling station, tilapia production, Agrifarm input and farm machinery rentals and land rental.