Oriental Peninsula Resources Group, Inc.

Oriental Peninsula Resources Group, Inc.

PPSE:ORE
0.54
PHP
-0.01
(-1.82%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Caroline L. Tanchay
Full Time Employees
238
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
Taguig Philippines
IPO Date
Dec 20, 2007
Business
Oriental Peninsula Resources Group, Inc. is a Philippines-based investment holding company primarily engaged in mineral exploration, mining extraction, development, and renewable energy generation. Operating primarily through its subsidiary, Citinickel Mines and Development Corporation, the company develops mineral properties and extracts nickel ore deposits located in the province of Palawan. Oriental Peninsula Resources Group, Inc. operates across two principal business segments: Mining and Power Generation. The company offers products and services including saprolite nickel ore, characterized by low iron content and utilized in the production of nickel pig iron and ferronickel for stainless steel manufacturing; limonite nickel ore, featuring high iron content suitable for high-pressure acid leach processing and specialized metallurgical applications; mineral exploration, opencast extraction, crushing, stockpiling, and port barging logistics; and renewable power development services, focusing on run-of-river hydroelectric and solar power assets through its affiliate, Oriental Energy & Power Generation Corp. The company’s core mining operations are concentrated in two major tenement sites in Palawan: the 768-hectare Toronto Mine located in the municipality of Narra and the 1,408-hectare Pulot Mine located in the municipality of Sofronio Española. The company exports its mined raw nickel ores primarily to commercial buyers and smelters located in the People's Republic of China and across the wider Asia-Pacific region. In recent developments, the company has accelerated its strategic diversification into clean energy by partnering with Japan-based Marubeni Corporation under a memorandum of agreement to co-develop renewable energy facilities comprising up to 250 megawatts of hydroelectric capacity and 150 megawatts of solar power capacity in the Philippines. In addition, the company continues to advance financial and operational backing for run-of-river power projects, including the 18-megawatt Timbaban Hydropower Project in Madalag, Aklan, alongside ongoing operational efficiency enhancements and progressive environmental rehabilitation programs across its Palawan mining tenements to adhere to heightened regulatory and ESG mining benchmarks. Oriental Peninsula Resources Group, Inc. was incorporated in 2007 and is headquartered in Taguig City, Metro Manila, Philippines.