Tampakan Copper-Gold Project:  An Unprecedented Opportunity       for the Philippines    7th Annual Asia Mining Congress  ...
SMI’s Tampakan Copper-Gold Project• One of the world’s largest  undeveloped copper-gold  deposits• If approved, it would b...
Project Proponents• Sagittarius Mines, Inc.                  SMI Shareholders  • Filipino company  • Philippine Government...
A responsible track record•SMI • Presidential Mineral Industry Environment   Award (2010, 2009 and 2006) • Best Mining For...
What makes up thisproject?• If developed, the Project would involve a large-  scale, open pit copper-gold mine and  associ...
Project Status• On-going review of Feasibility Study by the  Philippine government• Currently in the consultation, design ...
Already contributing to thePhilippine economyIn 2010, contributedUSD54 million to thePhilippine economy  • employment  • a...
Providing real, long-termbenefits to host communitiesIn 2010, invested USD3million in communityprograms:  • 15,000 benefit...
Potential for a significanteconomic contribution• Revenue stream to the Philippine economy is  estimated at USD37Bn over t...
Current areas of focus•   Public consultation on our    environmental impact    assessments•   Developing Resettlement    ...
Making this project a reality• We require positive collaboration with our  stakeholders.• We have established, and continu...
Making this project a reality• SMI is working toward enabling a better future for  southern Mindanao and the Philippines.•...
THANK YOU
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Tampakan Copper-Gold Project

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Tampakan Copper-Gold Project:
An Unprecedented Opportunity for the Philippines

7th Annual Asia Mining Congress
Marina Bay Sands, Singapore

6 April 2011

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  • Ang yaman ng Palawan ay yaman ng Pilipinas It is known as the Philippines’ Last Ecological Frontier. It has 40% of our country’s remaining mangrove areas, 30% of our coral reefs, at least 17 Key Biodiversity Areas (KBAs), 2 UNESCO World Heritage Sites, and 8 declared Protected Areas (PAs). It is unmatched anywhere in the country
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  • NO TO MINING IN PALAWAN and other Key Biodiversity Areas, Natural Forests, Island Ecosystems, Critical Watersheds and Agricultural Areas!
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Tampakan Copper-Gold Project

  1. 1. Tampakan Copper-Gold Project: An Unprecedented Opportunity for the Philippines 7th Annual Asia Mining Congress Marina Bay Sands, Singapore 6 April 2011
  2. 2. SMI’s Tampakan Copper-Gold Project• One of the world’s largest undeveloped copper-gold deposits• If approved, it would be the largest mine in the Philippines and has the potential to be one of the largest copper mines in the world• Has the potential to create significant benefits for the Philippines
  3. 3. Project Proponents• Sagittarius Mines, Inc. SMI Shareholders • Filipino company • Philippine Government’s contractor for the exploration, development, 60% and operation of the Tampakan TAMPAKAN GROUP OF Copper-Gold Project COMPANIES (non-managing)• Xstrata Copper INDOPHIL RESOURCE S • Provides the technical and 40% MANAGEMENT CONTROL managerial resources for the Project XSTRATA • 4th largest global copper producer COPPER
  4. 4. A responsible track record•SMI • Presidential Mineral Industry Environment Award (2010, 2009 and 2006) • Best Mining Forest Program Award (2008- 2010) • Safest Mines Award (Exploration) (2010) • Communications Anvil Award of Excellence (2010)•Xstrata • A global reputation for social responsibility • Xstrata plc - Sector Leader, Dow Jones Sustainability Index for fourth consecutive year
  5. 5. What makes up thisproject?• If developed, the Project would involve a large- scale, open pit copper-gold mine and associated infrastructure, including: • Concentrator and employee village • Fresh water dam • Waste storage facilities • A 500 MW power station, port and concentrate dewatering facility • A copper-gold concentrate pipeline and power transmission line
  6. 6. Project Status• On-going review of Feasibility Study by the Philippine government• Currently in the consultation, design and approvals phase• Requires approval by DENR of SMI’s Declaration of Mining Feasibility• Requires community, government and shareholder approvals
  7. 7. Already contributing to thePhilippine economyIn 2010, contributedUSD54 million to thePhilippine economy • employment • annual wages • government taxes • purchase of goods and services • community partnerships
  8. 8. Providing real, long-termbenefits to host communitiesIn 2010, invested USD3million in communityprograms: • 15,000 benefited from basic health services • 19,000 students benefited from educational support • 2,000 households benefited Enterprise Development Programs
  9. 9. Potential for a significanteconomic contribution• Revenue stream to the Philippine economy is estimated at USD37Bn over the life of the mine• If developed, the project could potentially contribute: – Additional 1% (average) of Philippines GDP each year – USD 7.2 billion (nominal) to Philippine government in taxes/duties – Royalty payments and direct contributions in excess of USD830 million (nominal) to host communities and local indigenous groups
  10. 10. Current areas of focus• Public consultation on our environmental impact assessments• Developing Resettlement Action Plans with the affected communities• Obtaining Consent from host IP communities• Seeking endorsement from affected LGUs
  11. 11. Making this project a reality• We require positive collaboration with our stakeholders.• We have established, and continue to build upon, relationships.• We work openly with all stakeholders in relation to their concerns.• We needs endorsement our host communities and government before we can move forward.
  12. 12. Making this project a reality• SMI is working toward enabling a better future for southern Mindanao and the Philippines.• Through collaboration with all of our stakeholders we are committed to making the Tampakan Project a blueprint for responsible modern mineral development in the Philippines, including best- practice in: • resettlement programs • indigenous consultation • environmental and social impact assessments.• Provides the opportunity for a step-change toward sustainable economic growth in southern Philippines.
  13. 13. THANK YOU

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