FCF Minerals to unlock Abra’s mining potential

MANILA, Philippines — A subsidiary of FCF Minerals Corp., the mining company behind the Runruno gold-molybdenum project, is setting its sights on unlocking the untapped mineral wealth of Abra province.

“Abra holds immense potential for responsible and sustainable mineral development. We are eager to begin exploration to confirm the extent of its mineral resources and accelerate the timeline for investments that will directly benefit the people of Abra,” said Darren Bowden, president and CEO of Metals Exploration Plc and FCF Minerals.

“Our goal is to replicate, and even surpass, the success we’ve achieved in Runruno by fostering economic growth, environmental stewardship and community development in Abra,” said Bowden.

FCF Minerals, a subsidiary of Metals Exploration Plc, recently acquired a controlling interest in Yamang Mineral Corp., which holds significant exploration tenements in Abra. This strategic move aligns with FCF’s vision to expand its global critical minerals operations.“Our track record in Nueva Vizcaya serves as a compelling blueprint for Abra’s potential economic boom. At the Runruno site, FCF has generated substantial economic benefits, directly employing nearly 79 percent of its

MANILA, Philippines — A subsidiary of FCF Minerals Corp., the mining company behind the Runruno gold-molybdenum project, is setting its sights on unlocking the untapped mineral wealth of Abra province.

“Abra holds immense potential for responsible and sustainable mineral development. We are eager to begin exploration to confirm the extent of its mineral resources and accelerate the timeline for investments that will directly benefit the people of Abra,” said Darren Bowden, president and CEO of Metals Exploration Plc and FCF Minerals.

“Our goal is to replicate, and even surpass, the success we’ve achieved in Runruno by fostering economic growth, environmental stewardship and community development in Abra,” said Bowden.

FCF Minerals, a subsidiary of Metals Exploration Plc, recently acquired a controlling interest in Yamang Mineral Corp., which holds significant exploration tenements in Abra. This strategic move aligns with FCF’s vision to expand its global critical minerals operations.

“Our track record in Nueva Vizcaya serves as a compelling blueprint for Abra’s potential economic boom. At the Runruno site, FCF has generated substantial economic benefits, directly employing nearly 79 percent of its 1,145 workforce,” Bowden said.

Bowden highlighted that the immediate operationalization of exploration efforts will be vital to determining the full scope of Abra’s mineral wealth and confirm “what we believe may be one of the world’s biggest critical mineral reserve.”

“Starting exploration work as soon as possible is essential. It will allow us to validate the province’s mineral potential and plan the necessary investments for operationalizing what can potentially be the biggest mineral development project in the country,” Bowden said. “Our vision is to create a model for sustainable mining that benefits both the economy and the environment and most importantly, the people of Abra.”

FCF has contributed over P5.71 billion in various taxes, fees, and duties that have supported national and local development initiatives since starting commercial operations in 2017.

The company has also excelled in social development programs. The funding of its Social Development and Management Program (SDMP) has reached over P543.7 million supporting education, healthcare and livelihood programs, including scholarships for indigenous students and infrastructure projects like farm-to-market roads.

“Our commitment to environmental protection, health, and safety is unwavering,” Bowden said. “We have consistently demonstrated that mining can be both a driver of prosperity, and responsible stewardship of the environment. In Runruno, we achieved 23 million safe man-hours without a lost-time incident, a milestone that underscores our dedication to safety.”

“We are a multi-awarded industry leader, recently securing its third consecutive Presidential Mineral Industry Environmental Award (PMIEA) for Surface Mining Operations. The company also bagged the Safest Mining Operation Award and Safest Surface Mining Operation Award, recognizing its exceptional safety standards and community engagement efforts,” Bowden added.