July 14, 2014 6:00 AM ET

Metals and Mining

Company Overview of TVI Resource Development Philippines Inc.

Company Overview

TVI Resource Development Philippines Inc. operates as a diversified mining company that focuses on the acquisition, exploration, development, and production of precious and base metals. It produces gold, silver, copper, and zinc from mineral deposits. The company is based in Makati City, the Philippines. It has project locations in Islands of Mindanao and Panay. TVI Resource Development Philippines Inc. operates as a subsidiary of TVI Pacific Inc.

22nd Floor, Equitable Bank Tower

Paseo de Roxas

Makati City,  8751

Philippines

Phone:

63 2 728 8491

Fax:

63 2 728 8515

Key Executives for TVI Resource Development Philippines Inc.

President
Age: 66
Vice President of Finance
Chief Operating Officer and Vice President of Operations
Senior Vice President and Director
Vice President of Corporate Social Commitments
Age: 56
Compensation as of Fiscal Year 2014.

TVI Resource Development Philippines Inc. Key Developments

Mindoro Resources Ltd. and TVI Resource Development (Phils.), Inc. Sign Four Joint Venture Agreements Relating to the Agata and Pan de Azucar Exploration and Mining Projects in the Philippines

Mindoro Resources Ltd. and TVI Resource Development (Phils.) Inc. (TVIRD) have signed four joint venture agreements relating to the Agata and Pan de Azucar exploration and mining projects located in the Philippines. The joint ventures present Mindoro and TVIRD with multiple growth opportunities for near and medium-term cash flow, including: near-term high-iron laterite direct shipping ore (DSO); near-term limestone DSO; medium-term lime production facility; medium-term nickel-processing plant. TVIRD may earn up to a 60% interest in each of the joint ventures and is operator of the projects. As at March 31, 2014, TVIRD had earned a 59% interest in the Agata Mining Joint Venture and a 45% interest the Agata Processing Joint Venture. To complete earning its interest, TVIRD must, in the case of the Agata Mining Joint Venture, achieve DSO operation within three years of entering into the joint venture agreement, and, in the case of the Agata Processing Joint Venture, complete the bankable feasibility study for a Nickel Processing Facility within four years of entering into the joint venture agreement.

TVI Pacific Inc., Mindoro Resources Ltd. and TVI Resource Development (Phils.), Inc. Receive Declaration of Mining Project Feasibility and Approval to Develop Port Facility for the Agata High-Iron DSO Project

TVI Pacific Inc. ("TVI"), Mindoro Resources Ltd. and TVI's Philippine affiliate, TVI Resource Development (Phils.) Inc. ("TVIRD") announced that the Agata Mining Joint Venture ("the AMJV") has received the Declaration of Mining Project Feasibility ("DMPF") and clearance to develop a port facility for the proposed direct shipping ore operation of the high-iron laterite resources at the Agata Project, located in Agusan del Norte, Mindanao, the Philippines. Receipt of the DMPF authorizes the AMJV to proceed to development, including the extraction and sale of iron, nickel and other associated minerals in the contract area. Site development is expected to commence in May 2014 and shipping of the high-iron laterite would then commence through the third quarter of 2014, subject to receipt of remaining port approvals and financing. Clearance to develop a private non-commercial port facility has also been received from the Philippine Ports Authority. Construction of the port facility may commence upon securing the permit to construct, the application for which has commenced and will be followed also by an application for the permit to operate.

TVI Pacific Inc. and TVI Resource Development (Phils.), Inc. Announce First Nickel Production from Pilot Plant

TVI Pacific Inc. and TVI Resource Development (Phils.) Inc. announced the first nickel production from their pilot plant at Intertek Minerals Philippines in Manila. The highlights are: A Nickel Hydroxide Product (NHP) filter cake was produced from TVIRD's pilot plant on February 7th, 2014 with a 52% to 54% Ni grade. NHP impurities such as Fe, Ca and Mg are low, thereby resulting in a versatile refined intermediate nickel product that may be directly processed to nickel oxide or nickel metal with no further refining required. Prior to NHP production, 8,000L of Fe and Ni rich Pregnant Leach Solution ("PLS") was purified via TVIRD's continuous counter-current ion exchange ("IX") pilot plant, successfully validating the viability of this IX purification process as well as establishing all design parameters for full-scale plant design. IX Ni recovery from PLS to eluate was 99.3%.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 21, 2013
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