Atlas Consolidated Mining & Development Corp. ADR (ACMDY)
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Atlas Consolidated Mining & Development Corp. ADR Profile
| Metals & Mining Industry | Materials Sector | Sébastien Bazin CEO | OTC PINK Exchange | 049249402 CUSIP |
| PH Country | 2,585 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Atlas Consolidated Mining and Development Corporation, established originally as Masbate Consolidated Mining Company, Inc., has evolved into a prominent entity in the metal mining industry of the Philippines since its incorporation in 1935. With its headquarters located in Pasay City, the company has carved out a niche for itself by delving into the exploration and mining of metallic mineral properties across the nation. The operational spectrum of the corporation is bifurcated into Mining and Non-Mining segments, reflecting a diversified business model. Notably, the company's flagship project, the Toledo copper mine, spans an area of 1,674 hectares in Toledo City, Cebu province, highlighting its significant presence in the region. Additionally, Atlas Consolidated Mining and Development Corporation extends its services beyond mining, contributing to the supply of bulk water to various local water districts and customers, indicating a commitment to fulfilling broader community needs.
Products and Services
- Copper Concentrate with Gold and Silver:
The primary output of the company's mining operations, this product signifies the extraction and processing of copper alongside valuable by-products like gold and silver, catering to the global demand for these metals.
- Magnetite Concentrates:
These concentrates are derived from the company's magnetite mining operations, offering a source of iron ore that is critical for various industrial applications, showcasing the diversity of Atlas's mineral output.
- Nickel Laterite-Saprolite:
Exploiting the Philippines' rich nickel reserves, the company produces nickel laterite and saprolite, essential for the global stainless steel and battery manufacturing sectors.
- By-products (Pyrite, Magnetite, and Molybdenum):
Aside from its main products, Atlas also recovers by-products such as pyrite (used in sulphuric acid production), additional magnetite, and molybdenum (used to strengthen and harden steel), further extending its market reach.
- Bulk Water Supply:
A vital service that extends beyond the company’s mining activities, Atlas provides essential bulk water supply to local water districts and other customers, underscoring its role in supporting local communities and infrastructure development.
