I am lucky enough to be introduced by Philipe Turner , perhaps the oldest surviving shareholder of the Century Peak Metals Corporation Corp ., ( formerly Fil-Hispano Corporation), to Mr. Roman Felipe S. Reyes Chairman of the Reyes Tacandong & Co., today at Holiday Inn hotel Makati, for the CPMC annual stockholders meeting.

Indeed , the Fil-Hispano Corporation, which on itself keeps on constant evolution ,divested from an investment holdings company ,now  the pioneer of company which developed the BPO ( Business Processing Outsourcing ) call centers industry in the Philippines. Representing perhaps the Paxys ,the BPO divestment of the Fil-Hispano holdings, the primary reasons of the presence of Mr. Reyes being the retainer accounting/auditing firms of the said company " Paxys),himself the chairman of the Reyes Tacandong & Co., whist the Century Peak Metals Corporation is being audited by the KPMG ,R.G.Manabat & Co., being represented by the Dindo Marco M. Dioso ,Partner , for Audit Services.

Through Mr. Reyes , that I've personally known ( first hand information),about, 

the Philippine government, since the administration of former President Ferdinand Marcos, Mrs. Corazon C. Aquino, Mr. Fidel V. Ramos , have initiated their great efforts to revive the industry. Thus the National Steel Corporation was conceptualized then. 

However, its feels burdensome for the government . Until we found out a niche new industry a tune with the changes of time. Today the BPO industry contributing an almost USD 50 Billion in the national economy, and so with the OFW ( Overseas Foreign Workers) remittances . Engaging in the extraction of mineral such nickel ore, iron even mining industries make a second thought from the public policy regulators due its massive capital inlays needing to operate. Aside from its environmental repercussion as what the main topic in the current Paris Cop21 , Climate Change International Summit.

Mr. Roldan  M. Antonio , Chief Finance Officer of the Century Peak , Metals Holdings Corporation on his able power point presentation regarding the company's annual report to the shareholders as of record  to date December 15, 2015 , re echoed the chairman messages Mr., Wildredo D. Keng , " In 2014 , the Group produced and shipped over a million metric tons  of laterite ore and generated over a million pesos of gross revenues. It also reinvested mostly of its profits for the year on Transportation and Field Equipment where we acquired over P 400 million worth of Excavators ,  Mining Trucks , Graders and One more Landing Craft Tank (LCT) having the company to have a total of three. 

" In 2014 ,  a total of 1,048 ,964  WMT or 19 shipments were produced and /or shipped to our main market, China. Over 1 Billion pesos or US$ 23 million gross revenues" were generated from the said period.

Current pipeline inventory of raw land , potential for Mineral Production Sharing Agreements  ( MPSA), by Century Peak Corporation , ( CPC) , a wholly owned subsidiary of Century Peak Metals Holdings Corporation ( CPMHC) or the group ., 

MPSA 010-92-X: Located in Casiguran , northern most part of Dinagat Island and covering  1,198 hectares , this MPSA was acquired by virtue of a a deed assignment executed with Casiguran Mining Corporation on May 29, 2006 . It was approved by the Department of Environment and Natural Resources (DENR) on December 11, 2006 and will expires 25 years after the approval of the MPSA. In 2010 , Dr., Carlo A. Arcilla ,an accredited competent person as defined by the Philippine Mineral Reporting Code, released a Geological Resource Evaluation Report ( GRER) stating that the area covered by the MPSA has a combined indicated and measured resource of 9,897,000 dry metric tons ( DMT) with a grade of 1.02 % nickel ( at 0.8% nickel cut off).

MPSA 283-2009 -XIII-SMR Parcell II: Located in Esperanza , north of eastern part of Dinagat Island covering 463.93  hectares , this MPSA was acquired on June 19, 2009 and will expire on June 18, 2034 . A second GRER issued by Dr. Arcilla in 2010 estimated that this area has a combined indicated and measured resource of 9,067,000 DMT with a grade of 1.07 % nickel ( at 0.8 nickel cut-off). In March 2012 , the Mines and Geoscience Bureau MGB approved the Declaration of Mining Project Feasibility , hence paving the way for development.

Milestones for the company's growth:

Leyte Smelting Plant Project

Through its subsidiary Century Hua Guang Smelting Inc. CHGSI, the group had planned to build a smelting plant in Leyte Industrial Development Estate. The plants Environmental Compliance Certificate ECC was obtained on April 16, 2010. Initial civil works commenced thereafter. The group entered into a partnership with Sidewide Resources HK Limited , subsidiary of Chaoyang Saiwai Mining Co., Ltd., China . This company owns an iron powder processing plant , electric furnace smelting plant and trades mineral ore. They have offices in Beijing , Shanghai and Hongkong. 

Cebu Cement & Limestone Project

Through MPSA 046-96-VII and 045 -96-VII  expiring in 2021 , the group has 4,795 hectares in Pinamungahan , Cebu to mine limestone. An initial resource assessment conducted in 2012 on an 81d hectares area estimate an indicated limestone resource of 34,000,000 metric tons. 

Market Update:

Executive Order:

" On July 6, 2012, Malacanang issued Executive Order No.79  entitled " Institutionalizing and Implementing Reforms in the Philippine Mining Sector providing Policies and Guidelines to Ensure Environmental Protection and Responsible Mining in the Ulilization of Mineral Resources. EO 79 aims o increase revenues of government from mining, improve environmental standards and put consistency in national and  local laws pertaining to mining.