TVIRDTVI Resources Development (Philippines)
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TVIRD operates the Agata Nickel Project in the adjacent municipalities of Tubay, Santiago and Jabonga in Agusan del Norte Province and is certified ISO 14001:2015 compliant.
'For me, the significance of ANMSEC stresses the fact that legitimate large-scale mining companies go by very, very high standard in contrast to illegal mining, which has no standard and does not contribute to the coffers of the government and provide social development for the community and safeguard for the environment,' Kaycee Crisostomo, Corporate Communications and Marketing director at TVIRD told the BusinessMirror in an interview on November 26.
TVIRD said in a statement that '(d)ue to the uncertain environment in which the Philippine mining industry has operated since the nationwide audit of metallic mines was ordered by the DENR Secretary [Regina Lopez] under the new Duterte administration that came into power in June, TVIRD has placed all activities relating to its previously proposed listing on the (PSE) and initial public offering on hold.'
TVIRD, the local affiliate of Canadian listed mining company TVI Pacific, Inc., particularly intends to do a primary offer of up to 272.02 million common shares and secondary offer of up to 136.1 million common shares at an offer price of R3.71 per piece.
Ridsdel is a top official of TVIRD, which operates the Canatuan mines in Zamboanga peninsula and a nickel project in Surigao del Norte province through its 60-percent stake in Agata Mining Ventures Inc.
In accordance with the offtake arrangement between TVIRD and MRI Trading AG (MRI), a shipment of around 5,282 dry metric tonnes of copper concentrates has been shipped from the TVIRD warehouse facility at Santa Maria Port in Siocon, Zamboanga del Norte.
(TVIRD) may push ahead with its planned listing on the Philippine Stock Exchange (PSE) this year, but only if prices of metals go up and if the government makes clear its fiscal policy related to mining.
TVI Pacific Inc (TSX: TVI), a Canada-based company engaged in exploring for mineral resources in Asia, has reported that the company and its Philippine affiliate, TVI Resource Development (Phils) Inc (TVIRD), have secured an Omnibus Loan and Security Agreement (OLSA) with LIM Asia Multi-Strategy Fund Inc.