About Company
TVI Resource Development Philippines Inc. (TVIRD)
is the Philippine affiliate of TVI Pacific Inc. (TSX: TVI), a publicly-listed Canadian mining company focused on the exploration, development and production of precious and base metals from district-scale, large-system, high-margin projects located in the Philippines.
TVIRD is a Filipino corporation and is the first foreign-affiliated Filipino company to reach production stage upon the enactment of the Philippine Mining Act of 1995—the law that was instituted to revitalize the large-scale mining industry that would propel the nation’s economic growth. Since then, TVIRD has evolved into a diversified mining company that focuses on the acquisition, exploration, development and production of resource projects in the country. It operates under the highest standards of health and safety practices for its workers and its host community; and is uncompromising in its best-practices approach to environmental protection as well as community development.
The company’s first operating mine is located in a 508-hectare area in Canatuan, Siocon, Zamboanga del Norte where it established gold and silver operations from 2004 to 2008, and then eventually moved to copper and zinc from 2009 until the 2014. It produced 105,200 ounces of Gold, 1.8 million ounces of Silver, 199,778 dmt of Copper concentrates and 30,548 dmt of Zinc (Zn) concentrates, and ranks among the country’s top copper producers. TVIRD’s operations stimulated economic growth and development, especially benefiting its indigenous Subanon hosts. Its operations also elevated its host town, Siocon, to a Class 1 municipality because of income, taxes and continued agricultural and mineral production.
While TVIRD is currently advancing its succeeding mine sites, it also embarks on a sustainability program for Canatuan – making it the first company to conclude its operations under the Philippine Mining Act. Its Mine Rehabilitation Fund will support its final mine decommissioning and rehabilitation program; notwithstanding the company’s current reforestation program that has planted over five times more trees than what was affected in the course of its mining operations.
Its subsidiary, TVI Agriproducts Inc., is set to ensure sustainable development through a viable agricultural production program in Canatuan. Likewise, TVIRD is primed to operate its gold and silver production in Balabag, Zamboanga del Sur as well as its ongoing joint venture projects.
