SMI is a contractor of the Philippine Government under the terms of a Financial and Technical Assistance Agreement (FTAA).
We currently operate from offices at the Bonifacio Global City (BGC) in Taguig, Metro Manila, in General Santos and in the municipality of Tampakan, South Cotabato. We currently employ about 64 people and around 100 contractors.
SMI’s 40% controlling equity is a joint venture between Glencore (62.5%) and Indophil Resources NL (37.5%). The 60% non-controlling equity shareholders of SMI are the Tampakan Mining Corporation and Southcot Mining Corporation (known as the Tampakan Group of Companies).
Glencore provides SMI with technical, financial and managerial resources for the development of the Tampakan Project.
Indophil Resources NL, an Australian publicly listed company, and the Tampakan Group of Companies, incorporated in the Philippines, have had a long involvement in the exploration of the Project.
SMI has a strong track-record as a company that works in a responsible manner. In fact, our commitment to corporate social responsibility in the Philippines has been recognized with numerous awards including the 2006, 2009, 2010, 2011, 2012 and 2013 Presidential Environmental Award, the 2010 Award of Distinction from the Safety Organization of the Philippines and recognition in 2010 as the Outstanding Stakeholder from the Department of Education in Region XII. In 2014, SMI was awarded with a Plaque of Recognition for being the Presidential Mineral Industry Environmental Awardee for five consecutive years from 2009 to 2013. On the same year, SMI was awarded the 2014 Platinum Achievement Award - Exploration Category by the Presidential Mineral Industry Environmental Award Selection Committee.