ACMDC

(redirected from Atlas Consolidated Mining and Development Corporation)
AcronymDefinition
ACMDCAtlas Consolidated Mining and Development Corporation (Phillipines)
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References in periodicals archive ?
Based on the list provided by the DENR, mining companies to be reviewed in the second round of audit include Philex Mining Corporation, Agata Mining Ventures, Inc., Rio Tuba Nickel Mining Corporation, SR Metals, Inc., Apex Mining Company, Cagdianao Mining Corporation, and Atlas Consolidated Mining and Development Corporation.
Atlas Consolidated Mining and Development Corporation (Atlas), a company that deals with exploring and mining mineral and metallic, has completed loading of 5,574 wet metric tons of copper concentrate bound for Quingdao, China.
Based on the list obtained by Business Bulletin, the mining companies to be reviewed in the second round of audit include Philex Mining Corporation, Agata Mining Ventures, Inc., Rio Tuba Nickel Mining Corporation, SR Metals, Inc., Apex Mining Company, Cagdianao Mining Corporation, and Atlas Consolidated Mining and Development Corporation.
Finally, the Mining and Oil Sector will have Atlas Consolidated Mining and Development Corporation and Century Peak Metals Holdings Corporation among its members but the index will also see the exclusion of Marcventures Holdings, Inc.
Atlas Consolidated Mining and Development Corporation suffered a consolidated net loss of P1.3 billion for the first nine months of 2015, compared to a net income of P841 million for the same period last year.
Atlas Consolidated Mining and Development Corporation said it has obtained a P1.8 billion from its principal shareholders Alakor Corporation, Anglo Philippine Holdings Corporation, and the SM Group to support its copper mining business.
Atlas Consolidated Mining and Development Corporation suffered a 79 percent drop in consolidated net income to P397 million last year from the P1.9 billion earned in 2013.
Atlas Consolidated Mining and Development Corporation net income fell to P841 million in the first nine months of 2014, about half of the P1.63 billion it earned in the same period last year.
Atlas Consolidated Mining and Development Corporation has just entered into a Memorandum of Understanding (MOU) with Toledo Mining Corporation (Toledo) so it can raise its stake in Berong Nickel Corporation to 30 percent from 25.5 percent.
Atlas Consolidated Mining and Development Corporation incurred a 79 percent drop in net income to P118 million in the first quarter of 2014 due mainly to lower prices, expiry of Carmen Copper's income tax holiday and unrealized foreign exchange loss of P159 million on its dollar-denominated debts.
Atlas Consolidated Mining and Development Corporation posted a 4 percent improvement in core income to P2.62 billion in 2013 despite lower realized metal prices.