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About Sagittarius Mines, Inc. 

If approved, the mine is estimated to yield an
average of 375,000 tonnes per annum of
copper and 360,000 ounces per annum of gold
in concentrate over 17 years.

 

 

SMI is a contractor of the Philippine Government under the terms of a Financial and Technical Assistance Agreement (FTAA).

 

We currently operate from offices in Makati City in Manila, in General Santos and Digos cities and in the municipalities of Tampakan, Columbio, and Kiblawan. We currently employ about 64 people and around 100 contractors.

 

SMI’s 40% controlling equity is a joint venture between GlencoreXstrata (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).

 

GlencoreXstrata 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 and 2012 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.