Philippine Metallic Mineral Production Q1 2011 vs Q1 2010 As of May20, 2011

1. Table 1
PHILIPPINE METALLIC MINERAL PRODUCTION
Q1 2011 vs Q1 2010
(As of May 20, 2011)
JAN-MAR, 2011 JAN-MAR, 2010 % Change
Mineral Commodity Unit Used
Quantity Value Quantity Value Qty. Value
PRECIOUS METALS 21,277,922,524 13,394,089,424 59
Gold KGS. 10,744 20,803,270,222 8,389 13,083,684,347 28 59
Silver KGS. 11,618 474,652,303 12,410 310,405,077 (6) 53
BASE METALS 8,076,833,736 7,347,979,683 10
Copper Concentrate DMT 61,179 4,474,802,894 58,078 3,972,511,595 5 13
Copper Metal Equivalent MT 15,284 14,286 7
Nickel Concentrate DMT 9,606 2,859,767,000 9,742 2,136,973,000 (1) 34
Nickel Content of Concentrate MT 5,611 5,550 1
Nickel Direct Shipping Ore DMT 671,033 535,378,204 1,234,124 1,101,423,175 (46) (51)
Nickel Content of Ore MT 7,813 15,872 (51)
Metallurgical Chromite Ore DMT 2,806 18,868,474 2,408 20,457,881 17 (8)
Zinc Concentrate DMT 6,763 188,017,164 5,194 116,614,031 30 61
Zinc Content of Concentrate MT 3,122 2,279 37
TOTAL 29,354,756,260 20,742,069,107 42
Table 2
PHILIPPINE GOLD PRODUCTION
Quantity: In kilograms
Value: In PhP
JAN-MAR, 2011 JAN-MAR, 2010 % Change
Name Of Producer Project Name
Quantity Value Quantity Value Qty. Value
PRIMARY PRODUCERS 9,260 18,079,990,786 7,317 11,525,983,837 27 57
Lepanto Cons. Mng. Corp. Victoria Gold Project 218 425,067,504 192 316,221,226 13 34
Johson Gold Mning Corp. Paracale Gold Project 5 8,430,054 6 8,482,813 (18) (1)
Benguet Corporation Acupan Contract Mng. Project 33 64,117,303 19 31,573,675 72 103
Philsaga Mining Corp. Banahaw Gold Project 682 1,341,195,068 781 1,336,739,674 (13) 0
Philippine Mining Development Corp. Diwalwal Direct State Dev't Project 0 0 0 0
APEX Mining Company Inc. APEX Maco Operation 185 370,651,731 167 268,414,595 11 38
Various Small Scale Mines based on Purchases of BSP* 6,777 13,217,504,343 4,887 7,595,512,216 39 74
Phil. Gold Processing & Refining Corp. Masbate Gold Project 1,360 2,653,024,783 1,264 1,969,039,638
SECONDARY PRODUCERS 1,484 2,723,279,436 1,072 1,557,700,510 38 75
Philex Mining Corp. Padcal Copper Project 1,151 2,100,541,726 764 1,094,415,282 51 92
Rapu-Rapu Processing Inc. Rapu-Rapu PolymetalicProject 276 514,711,827 167 218,068,048 66 136
Lepanto Cons. Mng. Corp. Enargite Project 0 0 0 0
TVI Resources Dev't Phil. Inc. Canatuan Mining Project 32 58,846,341 75 135,473,733 (57) (57)
Carmen Copper Corporation Toledo Copper Corp. 25 49,179,542 67 109,743,447 (63) (55)
TOTAL 10,744 20,803,270,222 8,389 13,083,684,347 28 59
Table 3
PHILIPPINE SILVER PRODUCTION
Quantity: In kilograms `
Value: In PhP
JAN-MAR, 2011 JAN-MAR, 2010 % Change
Name Of Producer Project Name
Quantity Value Quantity Value Qty. Value
PRIMARY PRODUCERS 2,641 118,475,850 2,122 52,954,033 24 124
Lepanto Cons. Mng. Corp. Victoria Gold Project 374 16,895,348 315 7,900,690 19 114
Philsaga Mining Corp. Banahaw Gold Project 188 8,080,514 65 1,632,612 188 395
Johson Gold Mning Corp. Paracale Gold Project 0 0 5 96,007 (100) (100)
APEX Mining Company Inc. APEX Maco Operation 952 43,257,848 804 19,500,764 18 122
Phil. Gold Processing & Refining Corp. Masbate Gold Project 1,127 50,242,140 934 23,823,960 21 111
SECONDARY PRODUCERS 8,977 356,176,452 10,288 257,451,044 (13) 38
Philex Mining Corporation Padcal Copper Project 1,097 50,181,013 802 20,072,433 37 150
Rapu-Rapu Processing Inc. Rapu-Rapu PolymetalicProject 4,406 170,544,590 2,492 46,950,758 77 263
TVI Resources Dev't Phil. Inc. Canatuan Mining Project 3,219 125,591,529 6,674 182,437,572 (52) (31)
Carmen Copper Corporation Toledo Copper Corp. 255 9,859,321 321 7,990,281 (20) 23
TOTAL 11,618 474,652,303 12,410 310,405,077 (6) 53
Table 4
PHILIPPINE COPPER PRODUCTION
Quantity: Concentrate in DMT
Copper content of concentrate in MT
Value: In PhP
JAN-MAR, 2011 JAN-MAR, 2010 % Change
Name of Producer Project Name
Quantity Value Quantity Value Qty. Value
Philex Mining Corporation Padcal Copper Project
Concentrate 16,792 1,639,396,304 14,894 1,239,515,721 13 32
Copper content of concentrate 4,132 3,673 12
Rapu-Rapu Processing Inc. Rapu-Rapu Polymetallic Project
Concentrate 8,181 625,837,426 6,993 331,481,491 17 89
Copper content of concentrate 1,818 1,520 20
TVI Resources Dev't Phil. Inc. Canatuan Mining Project
Concentrate 7,892 624,714,342 15,782 1,039,676,100 (50) (40)
Copper content of concentrate 1,518 3,197 (53)
Carmen Copper Corporation Toledo Copper Corp.
Concentrate 28,314 1,584,854,822 20,409 1,361,838,283 39 16
Copper content of concentrate 7,816 5,896 33
TOTAL
Concentrate 61,179 4,474,802,894 58,078 3,972,511,595 5 13
Copper content of concentrate 15,284 14,286 7

2. Table 5
PHILIPPINE ZINC CONCENTRATE PRODUCTION
Quantity: Concentrate in DMT
Zinc content of concentrate in MT
Value: In PhP
JAN-MAR, 2011 JAN-MAR, 2010 % Change
Name of Producer Project Name
Quantity Value Quantity Value Qty. Value
Rapu-Rapu Processing Inc. Rapu-Rapu Polymetallic Project
Concentrate 6,763 188,017,164 5,194 116,614,031 30 61
Zinc content of concentrate 3,122 2,279 37
TOTAL
Concentrate 6,763 188,017,164 5,194 116,614,031 30 61
Zinc content of concentrate 3,122 2,279 37
Table 6
PHILIPPINE NICKEL PRODUCTION
Quantity: Direct Shipping Ore in DMT
Nickel content of ore in MT
Value : In PhP
JAN-MAR, 2011 JAN-MAR, 2010 % Change
Name Of Producer Project Name
Quantity Value Quantity Value Qty. Value
Cagdianao Mining Corp. Cagdianao Nickel Project
Direct Shipping ore 0 0 0 0
Nickel content of ore 0 0
Hinatuan Mng. Corp. Tagana-an Nickel Project
Direct Shipping ore 0 0 0 0
Nickel content of ore 0 0
Rio Tuba Nickel Mng. Rio Tuba Nickel Project
Direct Shipping ore 256,916 306,050,000 424,452 435,380,000 (39) (30)
Nickel content of ore 4,314 7,769 (44)
Taganito Mining Corp. Claver Nickel Project
Direct Shipping ore 9,832 29,796,333 55,978 43,970,787 (82) (32)
Nickel content of ore 159 792 (80)
Zambales Diversified Metals Corporation Sta. Cruz-Candelaria Mng. Project
Direct Shipping Ore 0 0 0 0
Nickel content of ore 0 0
Platinum Group Metals Corporation Cagdianao Nickel Project
Direct Shipping Ore 3,552 13,441,690 163,462 156,044,000 (98) (91)
Nickel content of ore 61 1,768 (97)
CTP Construction & Mining Corp. Adlay Nickel Project
Direct Shipping Ore 153,202 3,001,700 290,923 259,738,015 (47) (99)
Nickel content of ore 1,180 2,862 (59)
CTP Construction & Mining Corp. Dahican Nickel Project
Direct Shipping Ore 5,805 4,929,760 0 0
Nickel content of ore 39 0
Carrascal Nickel Corporation Carrascal Nickel Project
Direct Shipping Ore 179,592 130,341,140 146,080 110,266,560 23 18
Nickel content of ore 1,359 1,261 8
Marcventures Mining & Development Corp. Cantilan Nickel Project
Direct Shipping Ore 0 0 0 0
Nickel content of ore 0 0
SR Metals, Inc. SR Metal Project
Direct Shipping Ore 52,065 39,706,093 119,262 81,454,806 (56) (51)
Nickel content of ore 641 1,185 (46)
Oriental Synergy Mining Corporation Urbiztondo Nickel Laterite Project
Direct Shipping Ore 0 0 0 0
Nickel content of ore 0 0
Shenzhou Mining Group Corporation Tandawa Nickel Project
Direct Shipping Ore 0 0 33,967 14,569,008 (100) (100)
Nickel content of ore 0 234 (100)
Shuley Mine Incorporated Nonoc Nickel Project
Direct Shipping Ore 10,069 8,111,487 0 0
Nickel content of ore 60 0
Total
Direct Shipping ore 671,033 535,378,204 1,234,124 1,101,423,175 (46) (51)
Nickel content of ore 7,813 15,872 (51)
*Note that the figures stated for Rio Tuba Nickel Mining do not include the nickel ore sold to Coral Bay Nickel Corporation.
Table 7
PHILIPPINE NICKEL CONCENTRATE PRODUCTION
Quantity: Concentrate in DMT
Nickel content of concentrate in MT
Value: In PhP
JAN-MAR, 2011 JAN-MAR, 2010 % Change
Name of Producer Project Name
Quantity Value Quantity Value Qty. Value
Coral Bay Nickel Corporation Hydrometallurgical
Concentrate Processing Plant 9,606 2,859,767,000 9,742 2,136,973,000 (1) 34
Nickel content of concentrate 5,611 5,550 1
TOTAL
Concentrate 9,606 2,859,767,000 9,742 2,136,973,000 (1) 34
Nickel content of concentrate 5,611 5,550 1
Table 8
PHILIPPINE METALLURGICAL CHROMITE PRODUCTION
Quantity: In DMT
Value: In PhP
JAN-MAR, 2011 JAN-MAR, 2010 % Change
Name of Producer Project Name
Quantity Value Quantity Value Qty. Value
Krominco Inc.
Ore Dinagat Chromite Project 1,100 7,660,576 1,227 10,262,921 (10) (25)
Concentrate 1,706 11,207,898 1,181 10,194,960 44 10
Total 2,806 18,868,474 2,408 20,457,881 17 (8)