HISTROY OF APEX MINING COMPANY

Jun 29th, 2015
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In early 2004 Apex entered into an operating agreement with Viclode Mining Corporation that gave Viclode the right to explore, develop and exploit Apex’s Masara veins. Around the same time Apex requested the Mines and Geosciences Bureau (MGB) to conduct an inspection of the mine and evaluate its mineral claims.

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HISTROY OF APEX MINING COMPANY (1970 - 2006)The founder of Apex Mining Company (known as Apex Exploration and Mining Company until 1978) was Dr Fernando Muiz, who began exploring and prospecting in the Masara area of Eastern Mindanaos Compostela Valley in 1970.Apexs first venture was copper mining but the low prices copper was fetching on the market in the early 1970s forced the move towards gold. Apex posted its first profit in 1978 and was able to wipe out its debt by 1980 as gold prices continued to soar. Apex entered the 1980s on a stable financial footing and began its programme of building housing, recreation and schooling facilities for mine site workers and their children.In early 2004 Apex entered into an operating agreement with Viclode Mining Corporation that gave Viclode the right to explore, develop and exploit Apexs Masara veins. Around the same time Apex requested the Mines and Geosciences Bureau (MGB) to conduct an inspection of the mine and evaluate its mineral claims. In October 2004 Apex entered into an operating agreement with Mintrecorp Inc. allowing the latter absolute possession, control and full enjoyment of the beneficial use of the tailing ponds materials at Masara. Under this agreement Mintrecorp was to pay Apex a royalty fee of PhP30.00/t of tailings materials processed every month. This agreement had a five-year term from the date of signing and was renewable for another five years upon mutual agreement.In August 20

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