COVER SHEET
D
M C I
A S O 9 5 0 0 2 2 8 3
SEC Registration Number
H O L D I N G S , I N C .
(Company's Full Name)
3
R D
F L R .
D A C O N
B L D G .
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C
H I N O
R O C E S
A V E . M A K A T I
C I T Y
(Business Address: No., Street City / Town / Province)
HERBERT M. CONSUNJI
Contact Person
8888-3000
Company Telephone Number
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Annual Meeting
N.A.
Secondary License Type, If Applicable
Amended Articles Number / Section
Total Amount of Borrowings
Total No. of Stockholders
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Foreign
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Remarks: Please use BLACK ink for scanning purposes
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SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
1. January 21, 2025
Date of Report (Date of earliest event reported)
2. SEC Identification Number ASO95-002283 | 3. BIR Tax Identification No. 004-703-376 |
4. DMCI Holdings, Inc.
Exact name of issuer as specified in its charter
5. | Philippines | 6. | (SEC Use Only) | ||
Province, country or other jurisdiction of | Industry Classification Code: | ||||
incorporation | |||||
7. | 3/F Dacon Building, 2281 Don Chino Roces Avenue, Makati City | 1231 | |||
Address of principal office | Postal Code | ||||
8. | (632) 8888-3000 | ||||
Issuer's telephone number, including area code | |||||
9. | Not applicable | ||||
Former name or former address, if changed since last report |
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class | No. of Shares Outstanding | Amount |
Common Shares | 13,277,470,000 | Php13,277,470,000.00 |
Preferred Shares "Class A" | 960 | 960.00 |
Preferred Shares "Class B" | 10,000,000 | 10,000,000.00 |
TOTAL | 13,287,470,960 | Php13,287,470,960.00 |
11. Indicate the item numbers reported herein: Item 9
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This is to inform the investing public of the following press release:
DMCI Mining set to expand operations with two new mines in 2025
Emerging nickel producer DMCI Mining Corporation is on track to transition its operations from a single mine for most of 2024, to three active mines this year.
The Zambales Chromite Mining Company (ZCMC), located in Santa Cruz, Zambales, commenced operations in December 2024. The mine is expected to reach full operational capacity by the first quarter of 2025. ZCMC operates under an Environmental Compliance Certificate, permitting an annual production limit of 1 million wet metric tons (WMT).
In Palawan, the Berong Nickel Corporation (BNC) is preparing to restart production through its Long Point mine in Aborlan, which is in the final stages of securing its Mineral Production Sharing Agreement (MPSA).
"Our two new mines, ZCMC and BNC's Long Point, mark a long-anticipated step forward for DMCI Mining. With increased production capacity and the Long Point port nearing completion, we are confident in delivering improved operational and financial performance this year," said DMCI Mining president Tulsi Das C. Reyes.
In 2024, DMCI Mining invested Php 634 million in capital expenditures and plans to allocate Php 400 million in additional investments in 2025 to support the expansions.
"We're targeting a combined annual production capacity of 3 million WMT from our three mines, including Zambales Diversified Metals Corporation (ZDMC), subject to the approval of necessary permits for Long Point," Reyes added.
BNC's Quezon, Palawan mine was fully depleted in 2021. Rehabilitation efforts began in 2022 and remain on track for completion by 2027 under the six-year program.
About DMCI Mining Corporation
DMCI Mining Corporation (DMCI Mining), a wholly owned subsidiary of DMCI Holdings, Inc., extracts nickel ore through surface mining. The company ships nickel ore directly to markets in China and other countries. DMCI Mining's assets include Berong Nickel Corporation in Palawan and Zambales Diversified Metals Corporation and Zambales Chromite Mining Company.
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Forward-Looking Statements
This press release contains forward-looking statements, which are subject to risks and uncertainties that may cause actual performance to differ materially from expected results or projections as of the date of this news release. No assurance can be given that the results anticipated by DMCI Holdings and DMCI Mining or indicated by any such forward looking statements, will be achieved.
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SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DMCI Holdings, Inc.
Issuer
January 21, 2025
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