Apex Mining Co., Inc. Approves the Election of Board of Directors
August 02, 2020 at 09:05 pm EDT
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Apex Mining Co., Inc. at the organizational meeting of the board of director held July 30, 2020, approved the election of Magellan g. Bagayao as VP & Resident Manager for Itogon-Suyoc Resources, Inc. and election of Elisa R. Dungca as Assistant Corporate Secretary/AVP for Corporate Affairs. The following directors were appointed as members of the board committees: Nomination Committee: election of Ramon Y. Sy as chairman of nomination committee; Stephen A. Paradies and Joselito H. Sibayan (Independent) as members of nomination committee. Compensation Committee: election of Ramon Y. Sy as chairman of compensation committee; Jose Eduardo J. Alarilla and Valentino S. Bagatsing (Independent) as members of compensation committee. Audit Committee: election of Joselito H. Sibayan as chairman of audit committee; election of Jose Eduardo J. Alarilla and Valentino S. Bagatsing as members of audit committee. Enterprise Risk Management Committee: election of Jose Eduardo J. Alarilla as chairman of enterprise risk management committee; election of Luis R. Sarmiento, Stephen A. Paradies and Stephen A. Paradies as members of enterprise risk management committee. Related Party Transaction Committee: election of Ramon Y. Sy as chairman of related party transaction committee; election of Jose Eduardo J. Alarilla and Joselito H. Sibayan as members of related party transaction committee.
Apex Mining Co., Inc. is a Philippines-based company, which is engaged in the business of mining, milling, concentrating, converting, smelting, treating, preparing for the market, manufacturing, buying, selling, exchanging, and otherwise producing and dealing in gold, silver, copper, lead, zinc brass, iron, steel and all kinds of ores, metals and minerals. It operates the Maco Mines in Maco, Davao De Oro. Maco Gold Mine is situated in the municipalities of Maco and Mabini. It holds interests in Monte Oro Resources & Energy, Inc. (MORE), which owns Paracale Gold Ltd., which owns Coral Resources Philippines Inc., which in turn owns a mineral processing plant in Jose Panganiban, in Camarines Norte, and Bulawan Mineral Resources Corporation. It also holds interest in Itogon-Suyoc Resources, Inc., which is a subsidiary of the Company, which consists of the Sangilo Mine in Itogon and the Suyoc Mine in Mankayan, both located in Benguet Province, and the Benit Claim in Labo, Camarines Norte.
APEX MINING CO., INC. 
