| Business Summary | | Benguet
Corporation
was
organized
in
1903
to
engage
in
gold
mining.
The
Company
expanded
first
into
chromite
production
in
1934
and
then
into
copper
production
in
1971.
The
Company's
gold
mining
operations
are
conducted
in
the
Philippines
in
Benguet
Province
and
the
chromite
mining
operation
in
Masinloc,
Zambales
Province.
While
mining
and
mineral
exploration
is
its
core
business,
the
Company
also
is
involved
in
water
resource
projects,
real
estate
development,
eco-tourism,
forest
management,
trucking
and
warehousing,
construction
and
engineering
services,
steel
casting
and
trading. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Benguet
Corporation
is
engaged
in
chromite
and
copper
mining
operations
conducted
in
the
Masinloc
and
in
the
San
Marcelino
Provinces.
For
nine
months
ended
9/30/00,
revenues
fell
4%
to
PP211M.
Net
loss
fell
8%
to
PP257.3
million.
Revenues
reflect
decreased
shipment
volume.
Lower
loss
reflects
improved
profitability
for
the
Masinloc
Chromite
operations
and
a
significant
decrease
in
the
Company
fixed
expenses. Recent Earnings Announcement For
the
3
months
ended
09/30/2000,
revenues
were
74;
after
tax
earnings
were
-136. (Preliminary; reported in millions of Philippine Pesos.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Benjamin Romualdez | Chairman,
Pres and CEO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|