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Apex Mining Co., Inc. (APX) isn’t just a name on the Philippine Stock Exchange; it’s a legacy built on gold, silver, copper, and a dedication to community and environmental stewardship. Since its incorporation in 1970, Apex Mining has not only been at the forefront of the mining industry but also a beacon of responsible mining practices in the Philippines. With a history rich in milestones, a strong presence in key mining regions, and a commitment to sustainability, Apex Mining continues to set new standards in the industry. In this blog, we’ll dive deep into the remarkable journey of Apex Mining, exploring how this company is reshaping the mining landscape while positively impacting the lives of thousands.
1. The Legacy of Apex Mining: A 50-Year Journey
Apex Mining’s journey began over five decades ago, with its roots firmly planted in the Maco Gold Mine in Davao De Oro, Mindanao. The company’s history is a tale of resilience and growth, having navigated the challenges of the mining industry while consistently delivering value to its stakeholders. In 2023, Apex Mining celebrated its 53rd anniversary, a testament to its enduring presence in the industry. This golden milestone was not just about reflecting on the past but also a celebration of the bright future that lies ahead for this powerhouse in the mining world.
2. A Portfolio of Riches: Gold, Silver, and Beyond
Apex is a treasure trove of minerals. The company is engaged in mining, milling, concentrating, converting, smelting, and preparing for the market a wide range of minerals, including gold, silver, copper, lead, zinc, brass, iron, and steel. The Maco Gold Mine, located in Davao De Oro, is the crown jewel of Apex Mining’s portfolio. In 2022 alone, the Maco Gold Mine produced an impressive 91,072 ounces of gold and 377,729 ounces of silver. This production is a result of the two mills that treated 815,910 tonnes for Maco and 131,481 tonnes for Itogon-Suyoc Resources, Inc. (ISRI), a wholly-owned subsidiary of Apex Mining.
3. Expanding Horizons: Acquisitions and Subsidiaries
Apex Mining’s growth strategy has been marked by strategic acquisitions and the expansion of its subsidiary portfolio. In 2014, the company acquired Monte Oro Resources & Energy, Inc. (MOREI), which holds a 30% participating interest in Service Contract 72 (SC72) covering the Sampaguita natural gas field offshore northeast of Palawan. MOREI’s assets extend beyond mining to include a 52% interest in a domestic company involved in solid waste disposal management.
Another key acquisition was Itogon-Suyoc Resources, Inc. (ISRI) in 2015. ISRI operates two mines in Benguet—the Sangilo Mine in Itogon and the Suyoc Mine in Mankayan. These acquisitions have diversified Apex Mining’s portfolio, ensuring a steady stream of resources and revenue.
4. Apex Mining’s Commitment to Responsible Mining
Responsible mining is more than a buzzword for Apex Mining—it’s a core part of the company’s identity. The company has been recognized for its efforts in promoting environmental sustainability and supporting the communities where it operates. Apex Mining’s commitment to responsible mining is reflected in its various initiatives, from environmental conservation to community development programs.
In February 2024, the company celebrated its 50th anniversary with a series of events that underscored its dedication to both the environment and the people. Activities included a river clean-up and tree planting, showcasing the company’s commitment to preserving natural resources. Apex Mining’s Corporate Administration Vice President, Emelita Fabro, emphasized the importance of these efforts, expressing hope for another 50 years of successful and sustainable operations.
5. Community Engagement: Building Stronger Relationships
Apex Mining’s success is closely tied to the well-being of the communities surrounding its operations. The company’s community relations programs are designed to empower local residents, providing them with the tools and resources needed to improve their quality of life. From educational support to infrastructure development, Apex Mining’s impact on these communities is both deep and wide-ranging.
One of the standout initiatives is the company’s support for educational programs. Apex Mining has adopted several elementary and high schools, benefiting over 6,000 students. The company’s adopt-a-school program includes activities such as distributing school supplies, supporting local school board teachers, and participating in Brigada Eskwela activities. Additionally, Apex Mining has funded the construction of classroom buildings, further contributing to the development of the local education system.
6. Environmental Stewardship: Protecting the Planet
Apex’s commitment to the environment is evident in its various sustainability initiatives. The company regularly conducts environmental conservation activities, including tree planting and river clean-ups. These efforts are not just about compliance with regulatory requirements but are driven by a genuine desire to protect the environment for future generations.
The company’s dedication to environmental stewardship extends to its mining operations. Apex Mining employs best practices in waste management, water conservation, and land rehabilitation to minimize the environmental impact of its activities. These efforts have earned the company recognition from various environmental agencies, further cementing its reputation as a responsible mining company.
7. Employee Welfare: Creating a Positive Workplace Culture
Apex Mining’s success is built on the hard work and dedication of its employees. The company recognizes the importance of creating a positive workplace culture where employees feel valued and supported. Apex Mining’s employee welfare programs include health and safety initiatives, skills training, and capacity-building activities.
The company’s commitment to employee welfare was highlighted during its 50th-anniversary celebration, where various activities were organized to foster camaraderie and team spirit among employees. These activities included a Zumba dance contest, poster-making contest, and tug-of-war competitions, with employees and contractors participating in the festivities. Apex Mining also awarded its loyal suppliers and stakeholders, recognizing their contributions to the company’s success.
8. Health and Safety: Prioritizing Well-being
Health and safety are top priorities at Apex Mining. The company operates four health centers, providing medical services to employees and the surrounding communities. These centers, located in Barangay Masara, Barangay Elizalde, Maco, and Mabini, offer a range of health services, including dental care, regular outreach programs, and annual bloodletting activities.
Apex Mining also conducts an annual operation tuli (circumcision) event, a tradition that is deeply rooted in Filipino culture. These initiatives not only promote the well-being of employees but also strengthen the company’s ties with the local communities.
9. Infrastructure Development: Building a Better Future
Apex Mining’s impact extends beyond the mining industry; the company is also a major contributor to infrastructure development in the regions where it operates. The company’s public infrastructure support includes the construction of the Apex Village and a church in Barangay Elizalde, road maintenance, river de-silting, road repair, and riprapping projects. These projects have improved the quality of life for local residents, providing them with better access to essential services and facilities.
The company’s commitment to infrastructure development is also evident in its donation of vehicles for emergency purposes to barangays Masara and Tagbaros, as well as the construction of bridges in Barangay Teresa, Maco. These efforts have not only enhanced the company’s reputation as a responsible corporate citizen but have also earned it the trust and support of the local communities.
10. Apex Mining’s Contribution to the Philippine Economy
Apex Mining’s contributions to the Philippine economy are significant. The company has paid over P2 billion in taxes to the national government, demonstrating its commitment to supporting the country’s economic growth. Additionally, Apex Mining has paid over P365 million in royalties to indigenous peoples (IP), recognizing the importance of sharing the benefits of mining with the communities that are most affected by its operations.
The company’s status as the No.1 Business Taxpayer and No.2 Real Property Taxpayer in the Municipality of Maco from 2010 to 2019 further underscores its role as a key player in the Philippine economy. Apex Mining’s economic contributions go beyond taxes and royalties; the company also provides employment opportunities, supports local businesses, and invests in the development of its host communities.
Final Thoughts: Apex Mining’s Vision for the Future
As Apex Mining Co., Inc. looks to the future, it remains committed to upholding its values of responsible mining, environmental stewardship, and community engagement. The company’s vision is not just to be a leader in the mining industry but to be a catalyst for positive change in the Philippines. With its rich history, diverse portfolio, and strong commitment to sustainability, Apex Mining is well-positioned to continue making a significant impact on the industry and the communities it serves.
In the words of Emelita Fabro, Vice President for Corporate Administration at Apex Mining, the company’s goal is to “do better, whatever we are doing now is already good, we’re compliant, but we want to do more. We want to see happy and vibrant employees, happy working for the company, happy delivering the goals, the vision, and the mission of the company. We want to see communities that are already self-sustaining, we’d like to see children who are going to school who are happily being educated, trying to prepare themselves for a better future.”
With such a clear and inspiring vision, Apex Mining is not just digging for gold; it’s digging deep into the heart of the communities it serves, ensuring that its legacy is one of prosperity, sustainability, and positive impact.
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