Home | Contact | Chinese

GEOGRACE Resources Philippines is a PSE-listed mineral exploration company whose aim is to become the gateway to Philippine mining by positioning itself as the preferred local partner of the international mining industry's investments and operations in the country. Based on its expertise in providing solutions for the social, economic and political framework of mining investments in the Philippines, the Company works closely with foreign and local partners to acquire, explore, develop, and commercialize mining projects in a variety of base and precious metals.

Read the Geograce 2007 Annual Report online.

Read the report

Download PDF

Read / Download Geograce
Resources Company Profile

Read company profile

Download PDF

GEO

Last Sale 0.61

Previous Close (29-Jul-2010) 0.61

Geograce was incorporated as La Suerte Gold Mining Corporation in 1970 as a mining company. In 1995, it became an investment holding company and was renamed Global Equities, Inc. As a holding company, it invested in and/or managed companies engaged in the manufacture of absorbent cotton, personal care products and in the provision of specialised corporate facilities for end-users.

On September 14, 2006 and October 27, 2006, the Company’s Board of Directors and stockholders, respectively, approved the change in the Company’s business to engage in exploration, exploitation and development of the Philippine’s mineral resources. On November 21, 2006, the Securities and Exchange Commission approved the amended articles of incorporation of the Company, including the change in the Company’s corporate name to Geograce Resources Philippines, Inc.

To achieve the shift in its primary purpose to a mining company, Geograce has acquired the exclusive rights to explore, develop and operate mining tenements throughout the Philippines for a variety of mineral deposits. Geograce has to date negotiated for exclusive access and acquisition rights over nearly 240,000 hectares of claims in nickel, gold, copper and chromite.

On June 24, 2008 the company became the first Philippine partner of Vale, the world's second largest mining company, after Geograce and Vale signed an agreement to jointly explore for gold and copper in Masbate island. This represents a major step forward in Geograce's vision of becoming the preferred local partner of international mining firms interested in the Philippines, and the company continues to consider opportunities to work with major strategic and financial investors over its other tenements.

BUSINESS STRATEGY

Its team of geologists and mining engineers are drawn from the ranks of international mining firms and the government’s mines bureau and have a vast knowledge of the known and promising mineralized areas throughout the Philippine archipelago. GEOGRACE relies on its strengths in several areas essential in establishing a stable, sustainable and profitable mining enterprise in the Philippines:

	Our capability to successfully negotiate with local claim-owners, providing us with a steady pipeline of highly prospective mining prospects in nickel, copper, gold and iron to exclusively explore and develop.

	Our intimate understanding of the local mining regulatory framework and its statutory requirements, allowing us to achieve the quickest approval of exploration permits and mining licenses in the country.

	Our exploration expertise built on our team of top-notch Filipino geologists with vast experience locally and internationally, coupled with the first-rate technical assistance and advice provided by our foreign partners.

	Our dedicated teams for community relations, local government liaison and statutory compliance providing us with the continuing support and trust of our stakeholders in our areas of operation.

	Our ability to access the capital markets both in the Philippines and abroad, as proven by our successful fundraising in 2007 raising US $12 million, giving us the ability to engage in large-scale projects with a long-term horizon.

Geograce Resources Philippines aims to become the gateway to Philippine mining by positioning itself as the preferred local partner of the international mining industry's investments and operations in the country. Based on its expertise in providing solutions for the social, economic and political framework of mining investments in the Philippines, the Company works closely with foreign and local partners to acquire, explore, develop, and commercialize mining projects in a variety of base and precious metals.

GEOGRACE has brought together a team composed of key personnel with expertise in mineral exploration, mining operations, legal and regulatory issues, and capital markets. Its top management includes former officials of the natural resources ministry, expatriate executives with expertise in running mining projects around the world, and investment bankers with experience in both local and overseas capital markets.