SMI: Investing in a Sustainable Future         Mining Philippines 2010            16 September 2010               Mark Wil...
The TampakanCopper-Gold Project• One of the largest  undeveloped copper-gold  deposits in Southeast Asia• Potential to bec...
Proposed Project Location
Current Progress: ESIAMilestones                     2009   2010   2011Mine ESIAPower station, port andfilter plant ESIACo...
GDP impact of the           Tampakan Copper-Gold Project• Revenue stream to the Philippine economy is estimated at  USD40 ...
Opportunities for Businessand Employment• Potential to create 10,000 jobs                     Local  during the constructi...
Opportunities andChallenges•   Passage of the South    Cotabato Environment Code    with a ban on open pit mining    metho...
Opportunities andChallenges• Stakeholders’ better  understanding of the project  and how it may affect their lives• Timely...
Foundations for Investment• Public-Private Partnership Policy of the Government• Six priority areas pinpointed by NEDA to ...
Moving Forward•   Submission of ESIA for    proposed mining operation    in 1H 2011•   Finalization of ESIAs for    suppor...
Our Commitment toSustainable Development•   We balance social, environmental and    economic considerations in how we mana...
Thank You
SMI- Tampakan: Investing in a Sustainable Future
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SMI- Tampakan: Investing in a Sustainable Future

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SMI: Investing in a Sustainable Future

One of the largest undeveloped copper-gold deposits in Southeast Asia
•Potential to become the largest mine in the Philippines and the fifth largest copper mine in the world
•Capital investment for mine and related infrastructure in excess of USD5B
•20+ years mine life

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SMI- Tampakan: Investing in a Sustainable Future

  1. 1. SMI: Investing in a Sustainable Future Mining Philippines 2010 16 September 2010 Mark Williams General Manager
  2. 2. The TampakanCopper-Gold Project• One of the largest undeveloped copper-gold deposits in Southeast Asia• Potential to become the largest mine in the Philippines and the fifth largest copper mine in the world• Capital investment for mine and related infrastructure in excess of USD5B• 20+ years mine life
  3. 3. Proposed Project Location
  4. 4. Current Progress: ESIAMilestones 2009 2010 2011Mine ESIAPower station, port andfilter plant ESIAConcentrate pipeline,electricity transmissionsystem and access roads ESIA
  5. 5. GDP impact of the Tampakan Copper-Gold Project• Revenue stream to the Philippine economy is estimated at USD40 billion over the life of the mine• Potential to increase the country’s gross domestic product (GDP) by an average of 1% per year for 25 years 1.6 Other (tax) 1.4 Other VA 1.2% of Philippines GDP Mining VA 1 Investment 0.8 0.6 0.4 0.2 0 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 Data Source: Centre for International Economics, July 2010 (Based on MPFS assumptions of April 2010)
  6. 6. Opportunities for Businessand Employment• Potential to create 10,000 jobs Local during the construction, and Wages over 2,000 when the mine starts to operate 7% Catering 4%• USD5.8 billion in taxes and 19% duties would be remitted to the Limestone 49% Philippine government• USD881 million to be spent on Contractors goods and services -- in the 21% Philippines alone -- during the Maintenance construction period and Others• USD892 million to be spent on Breakdown of Philippines goods and services economic opportunities over the initial operations phase
  7. 7. Opportunities andChallenges• Passage of the South Cotabato Environment Code with a ban on open pit mining methods in the province remains a major concern• SMI values the continuing stakeholder support to SMI and the Project • RDC XII’s declaration of Tampakan as flagship mining project of the region • South Cotabato IP Community • Host communities
  8. 8. Opportunities andChallenges• Stakeholders’ better understanding of the project and how it may affect their lives• Timely resolution on the opposing views regarding open pit mining methods through a continuing open and transparent engagement and dialogue with all parties concerned• Heightened communication and engagement activities to enable stakeholders arrive at an informed decision on the Project
  9. 9. Foundations for Investment• Public-Private Partnership Policy of the Government• Six priority areas pinpointed by NEDA to spur growth and development: • housing • mining • electronics • business process outsourcing • tourism • agri-business• 2010-2014 Philippine Investments Promotion Plan (PIPP) drawn up by the Department of Trade and Industry focuses on eight key sectors included Mining
  10. 10. Moving Forward• Submission of ESIA for proposed mining operation in 1H 2011• Finalization of ESIAs for supporting infrastructure and facilities in 2H 2011• Securing Free and Prior Informed Consent from host Indigenous communities• Community consultations for resettlement
  11. 11. Our Commitment toSustainable Development• We balance social, environmental and economic considerations in how we manage our business• In 2009, SMI contributed more than PHP 1.3 billion to the Philippine economy and invested more than PHP 79 million on community development initiatives• SMI publicly reports on its SD performance• SD reports published annual and prepared in accordance with the Global Reporting Initiative (GRI) guidelines
  12. 12. Thank You

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