Benguet Corporation
From Wikipedia, the free encyclopedia
- Nelsen Peterson
- Harry C. Clyde
- M. M. Clarke
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| Founded | 1903 |
|---|---|
| Founders |
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| Headquarters | 7th Floor, Universal Re Building, 106 Paseo de Roxas, Makati Central Business District, Makati City |
Area served | Philippines |
Key people | Daniel Andrew Romualdez (Chairman) Benjamin Philip Romualdez, Jr. (CEO) |
| Website | benguetcorp |
Benguet Corporation is a diversified Philippine business enterprise. Founded in 1903 as the Benguet Consolidated Mining Company[2] by three American G.I.s following the Philippine-American War,[1] it is the oldest mining company in the country. The company operates gold mines in Benguet province and Jose Panganiban, Camarines Norte; chromite mines in Masinloc, Zambales; and copper mines in San Marcelino, Zambales.[3]
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The company is mainly active in the mining industry, yet has come to incorporate other activities including forestry/reforestation, chemical testing and research, ecotourism, trucking and warehousing, heavy equipment leasing, trading and real estate.[4]
In 2024, BC ended its 30-year debt restructuring contract clearing its real estate from mortgage adverse claims since 1933. It signed a joint rescission with its creditors, Wilshire Business Consulting Corp. and Armstrong Capital Holdings Corp., with trustee Philippine Veterans Bank.[5] From March 31, 2025, the DENR granted BC a 25-year renewal, as operator for its Mineral Production Sharing Agreement (MPSA) No. 154-2000-III held by Balanga Bataan Minerals Corporation. The March 1996 operating contract covers 1,410 hectares in Bagac, Mariveles and Limay in Bataan province.[6]
