MANILA, Philippines - Zamboanga del Norte (ZaNorte) gets another big growth and development boost with the entry of a big mining project in the province.
Mineral Dragon Mining Corp. (MDMC), an affiliate of publicly listed Century Peak Metals Holdings Corp., inaugurated its mining project over the weekend in Barangay Danao, Sergio Osmena, Zamboanga del Norte.
MMDC holds an approved mineral production sharing agreement (MPSA) with the government denominated as MPSA 333-2010-IX, covering an area of more than 7,868 hectares where it will mine chromite.
At the groundbreaking rites were ZaNorte 1st Distrct Rep. Seth Frederick Jalosjos, Vice Gov. Francis Olvis, Zamboanga Sibugay Gov. Rommel Jaloslos, Sergo Osmena town Mayor Augustine Magsalay and former ZaNorte Congressman Romeo Jalosjos.
MDMC business partner Wu Xiliang assured that their company is pro-environment and pro-people and “responsible mining is the guiding principle of our operations.”
MDMC will soon put up a multi-million-peso mineral processing plant in the area that will generate jobs and spur the growth of subsidiary industries and livelihood in the province.