- PH’s Ayala, Singapore’s TBC in 1.5GW wind power play
- Large-scale mining helps town income zoom 6,000%
- Is the Philippines protected against a financial crisis?
- PH opens oil, gas investment benchmarking talks with Indonesia
- 9 suspended mines can resume work if conditions met
- Is mining taxation’s purpose to create more taxation?
- 12 mining firms fail DENR review
- DoE to launch new energy contracting round this week
- PH, Papua New Guinea to launch joint economic, trade committee
- Chinese analysts: Beijing-Manila energy search shows how to turn conflict into cooperation
MGB cites mining company’s CSR program in Surigao
The Mines and Geosciences Bureau, the agency tasked to regulate the mining sector, has cited the Marcventures Mining and Development Corporation for its scholarship program in Surigao del Sur, which has a high number of out of school youths.
As of now, 11.3 percent of young people in Caraga region are out of school. The figure is higher than the national average of 10.6 percent, according to the Philippine Statistics Authority (PSA).
Moreover, PSA said Caraga has the smallest share of higher educational institutions in the country at 2.4 percent.
“Education is a basic precondition for human development. To do this on a large-scale basis is something that other mining companies should replicate the initiative in their respective community development initiatives,” MGB-Caraga director Roger de Dios said in a Manila Bulletin report.
MMDC consistently posts the highest number of tertiary-level scholars among all mining companies in Caraga Region for years now since the agency started collating this data, de Dios added.
He said MMDC’s scholarship program for the school year 2016-2017 represented 22 percent of the total mining scholars in the region.
Data from MGB showed that MMDC, a subsidiary of Marcventures Holdings, Inc., has 152 college scholars, the highest among all operating mining companies in the region.
This 2018, the company has 85 full-time scholars enrolled in different colleges and universities in Mindanao, Visayas, and even Luzon.
The scholarship program is expected to produce at least 21 college graduates by the end of the current school year, the company added in a statement.
MHI President Isidro C. Alcantara assured that Marcventures will continue to “partner with our community stakeholders in the area of education.”
Jose Dagala, MMDC Assistant Vice President for Social Commitments, said the number is expected to further balloon with the entry of new college scholars when the 2018-2019 school year opens in June or August in some universities.