Benguet Corporation

Benguet Corporation is a diversified Philippine business enterprise.

Benguet Corporation
Founded1903 
HeadquartersMakati
Area served
Philippines
Key people
Daniel Andrew Romualdez (Chairman)
Benjamin Philip Romualdez, Jr. (CEO)

Background

Founded in 1903, the Benguet Corporation is the oldest mining company of the country.

Activities
Old Gold & quartz specimen from a Benguet Corp. Mine

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.[1]

Incidents

In August 2016, the Benguet Corporation was facing a $500,000 fine for tailings leak from its old Antamok mine in Itogon, which resulted in the pollution of the Agno, Liang, and Ambalanga rivers.[2] In September 2018, the trial against Benguet was still going on, the defense arguing that leaks were a result of natural causes and thus Benguet should not be held accountable for the heavy water pollution of the area.[3]

In 2017, Benguet was also called for by the local media for being responsible of the polluting leaks affecting the Dizon mine. The company denied all implications, arguing it was only active at the mine from 1975 to 1995.[4]

In September 2018, the Benguet Corporation was also facing claims that it was encouraging small-scale and illegal mining operations at the Itogon mine, officially inactive since 1990. The Itogon mine had just been hit a major landslide that caused 10 deaths and 50-60 missing persons. The Benguet Corporation denied encouraging the presence of the illegal gold diggers.[5]

References
  1. "Benguet Corporation". Benguet Corporation. Retrieved 1 April 2013.
  2. Raymond Dullana, Benguet Corp faces P24-M fine for tailings leak in old mine, Rappler, 22 November 2016 (accessed on 10 June 2019)
  3. Lauren Alimondo, Benguet Corporation fined, Sun Star Baguio, 3 September 2018 (accessed on 10 June 2019)
  4. Ronnel W. Domingo, Benguet Corp. denies role in Zambales mine ordeal, Inquirer, 7 April 2017 (accessed on 10 June 2019)
  5. Gabriel Pabico Lalu, Benguet Corp. denies it encouraged small-scale mining in Itogon, Inquirer, 18 September 2018 (accessed on 2019)
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.