PAMC Company Profile-Print Version

COMPANY PROFILE BEYOND ORDINARY A subsidiary of



CONTENTS • Corporate Mission & Vision 1 • Company Overview 2 • Shareholding Structure 3 • Key Management Profile 4 • Mining Operations 10 • Mining Regulations in the Philippines 13 • Project Phoenix 15 • Resources & Reserves 19 • Corporate Social Responsibilities 21 • Environment Mitigation Methodology 22 Designed by Antara Brand Web

CORPORATE MISSION & VISION TRANSFORMING NATURAL RE SOURC E S INTO PROSPERITY VIA S U S TA I N A B I L I T Y. MINER OF CHOICE WHILE BEING A LEADING GLOBAL NAT URAL RES OURCE S COM PA N Y IN CREATING LONG TERM VALUE, THROUGH EXCELLENCE AND PASSION FOR PEOPLE AND THE PLANET. Pro-Life Always Value Mankind Our Planet, Our Environment, Our Responsibility Do It Right The First Time Constantly Improving as a Corporation Make it Happen

COMPANY OVERVIEW Phil Alstron Mining Corporation (PAMC) is a company incorporated in 2013 to undertake the exploration of Copper and Gold Production Plant under Mining Production Sharing Agreement (MPSA) No. 311-2010-XIII (MPSA 311). The proposed plant will be located at Municipality of Tubay, Agusan del Norte Province, Caraga Region XIII, Northeastern Mindanao Island, Philippines, about 40 km north-northwest of Butuan City and 77 km southwest of Surigao City. The project sponsors comprises a Malaysian, namely Mr. Lim Hui Seng (Mr. Lim) and 2 Filipino individuals (collectively “Project Sponsors”). ENTITY Phil Alstron Mining Corporation (PAMC) BUSINESS Operation and exploration of mines and its related activities Incorporated in the Philippines on 25 April 2013 and registered DESCRIPTION with the Securities and Exchange Commission MINING An area of 304.96 hectares issued under Mineral Production RIGHTS Sharing Agreement (MPSA) COMMODITY No. 311-2010-XIII dated 8 January 2010 (MPSA 311) Mainly gold and copper CONCESSION A term of 25 years from the date of the MPSA PERIOD (from 8 Jan 2010 to 7 Jan 2035) and may be renewed for another term not exceeding 25 years (from 8 Jan 2035 to 7 Jan 2060) LOCATION Municipality of Tubay, Agusan del Norte Province, Caraga Region XIII, North-eastern Mindanao Island, Philippines CURRENT Completed the exploration and mineral resource report on the STATUS 25 hectares out of the total MPSA area, which is fully compliant with the Joint Ore Reserve Committee (JORC) code and CONTROL the Philippine Mineral Reporting Code (PMRC) Promoters collectively hold 40.00% equity interest 2

SHAREHOLDING STRUCTURE Philippine Law prohibits foreigners to own a business in the Philippines on his or her own without shelling out a large amount of money (for business license), Mr. Lim has decided to start a Filipino company together with his Filipino partners since it is the one of the best ways for a foreigner to own and operate a business. Mr. Lim regarded his Filipino partners as good fit as the shareholder partners in PAMC for the Project considering their current long working relationship with them and also considering their experience and strong understanding on the market trends, and well verse with local laws and regulations. The shareholding structure of PAMC is as follows:- LIM HUI SENG HAZEL B. ALBERTO C. GLAIZA L. (MYS) FLORES ESTINOSA DAGARAGA (PHP) (PHP) (PHP) 40% 35% 20% 5% Notes: In conjunction with Article XII, Section 2 of the Constitution of the Republic of Philippines, 60.00% of Phil Alstron is held by Philippine citizens. 3

KEY MANAGEMENT PROFILE HAZEL B. FLORES | 52 PRESIDENT Has been with Alstron Mining Group since 2010 when the mining venture first began. For three years prior to joining Alstron Mining Hazel worked with the YMCA in Makati City, the Philippines as Head of Finance Department. Has been an integral part of Alstron mining’s growth and has worked in di erent departments within Alstron Group to gain experience for her current position. Currently working closely with Mr. Lim and Mr. Sesha S.P in Malaysia and forms the link between Malaysia and the Philippines. Experienced with inter–governmental agencies in the Philippines. LIM HUI SENG | 68 EXECUTIVE CHAIRMAN Key promoter of Alstron’s mining division and a major shareholder of Alstron. Before venturing into the mining business in the Philippines, Mr. Lim, as an entrepreneur, was involved in various businesses. Previously, he acquired an oil palm plantation in Kota Marudu, Sabah, Malaysia which was subsequently disposed of in 2009 when the industry was on a rebound. Prior to that, he ventured into sand mining in Cambodia where most of the sand was exported to Singapore for land reclamation. Since 2010, following his visit to Butuan City, Agusan Valley, Mindanao Mr. Lim has been engaged in mining activities and the analysis of a fault line with its high mineralization content of gold and copper where he began a small-scale mining operation. Working with the local community and authorities he built roads to the tenement and engaged the services of experts and geologists. The acquisition of knowledge and experience in mining and geological studies led him to the current large scale mining activities. Mr Lim oversees and manages the entire Alstron Mining Group of companies. His operational experience provides work opportunities to the local communities and excellent returns to the shareholders. 4

KEY MANAGEMENT PROFILE SESHA S.P | 53 GROUP CEO/DIRECTOR 23+ years of success in Malaysia, Indonesia, Singapore, Australia and other markets globally. Country Head, Group CEO and Executive Director of companies in multiple countries and regions specialising in expansion, start up and turnaround strategies. An MBA graduate with over 23 years of senior management experience, covering the areas of corporate strategic management, start-up’s, corporate finance, retail management, marketing, finance and sales operations in large multinationals and public listed entities across Asia Pacific, Australia and other parts of the world. Experienced in diversified industries, which include electronics & electrical, IT, furniture, property, health & beauty, pharmaceuticals and mining. Joined Spotlight Australia as Country Manager for Asia and expanded the retail market into Malaysia, Indonesia, Singapore and other regional markets. Head hunted to serve as Director of Watsons Indonesia which is a subsidiary of the listed Hutchison Hong Kong, worked with premium brands with Bata, with Harvey Norman for 4 years as the Country Manager for Malaysia and represented the board which was a subsidiary of a listed entity in Singapore. An Executive Director with the Sungai Wang Group, prior to joining Alstron Mining in 2017 as the Group CEO, shareholder and director. Provided his corporate consultancy expertise in the FMCG industry in Malaysia and abroad, which included, international expansion, strategic management and turnaround strategies which has seen him successfully operate in various industries in a multitude of corporate environments. A personable, highly experienced and sought after senior management professional with a proven track record in leading multinational organizations to exceptional success. A resident of Kuala Lumpur and a permanent resident of Melbourne, Vic. Australia with an extensive network of knowledge and contacts in these countries. A natural communicator, presenter and negotiator, articulate, a careful listener, adaptable to a wide range of cultures and environments. Tenacious and ‘hands on’ leader in meeting business targets and getting the job done, no matter the circumstances. A consistent performance track record in senior general management, sales, operations, corporate finance, marketing & promotions among others. A track record of formulating brand, product and development strategies to meet company objectives. An analytical and detailed individual who, when necessary, looks “outside the box” for solutions. A ‘Change Master’, adept in re-modelling operations to gain e ectiveness and e ciency. 5

KEY MANAGEMENT PROFILE TAN IT BENG | 67 CONSULTANT GEOLOGIST/DIRECTOR Graduated with a B.Sc. (H) Applied Geology from the University Malaya. Started his career as a geologist with Conzinc Rio Tinto Malaysia in March 1979. Involved in Integrated Hard Rock Base and Precious Metals Exploration projects in Pahang, Malaysia and Sulawesi, Indonesia. Also involved in the management of drilling and evaluation of Alluvial Tin Deposits and Heavy Mineral Sands in Malaysia and Thailand. From 1981 to 2014 he worked at Kumpulan Perangsang Selangor Bhd (KPSB) its subsidiaries and JV companies with the likes of Rio Tinto, Alluvial Dredges Ltd of UK, Talisworks Corp Bhd, Perangsang Alluvial Sdn Bhd and Hydrovest Sdn Bhd. His roles and activities in ASEAN included Head of Mine Planning, evaluation and feasibility studies, managing ore reserves estimation, planning, design and construction of dredges for ports & harbours, production scheduling, shore treatment plant, mine site services, tin ore and heavy minerals marketing & sales from a property with two large bucket line dredges and manufacture of water treatment chemicals for potable and wastewater treatment. He is a Life Member of the Geological Society of Malaysia. HAMADI BIN CHE HARUN | 68 CONSULTANT GEOLOGIST/DIRECTOR Currently the Registrar of the Board of Geologists Malaysia. Graduated with a B.Sc. (H) Applied Geology from the University Malaya in 1979. Joined the Geological Survey Department until retirement in Aug 2014. Certified in Remote Sensing Techniques & Application from the Asian Institute of Technology, Bangkok and in Mineral Exploration from the Royal School of Mines, Imperial College London. Director of Johor Geological Survey O ce (1983); Director of Kelantan Geological Survey O ce (1987-1995); at JMG HQ in Kuala Lumpur, (2014), Head of Mineral Intelligence Unit and Director of Mineral Economics Division. Experience includes study on ‘Thorium as a Strategic Resource for Nuclear Power Generation’ for the Ministry of Science & Technology; an investigation for ion-adsorption rare earth elements (REE) resources by the Academy of Science Malaysia. A member of the Economic Planning Unit for Algeria; mineral commodities consultation to the WTO & Free Trade Area. Program coordinator for Malaysia and Indonesia bilateral cooperation activities on Geology & Mineral Resources; o cial Malaysian delegation to Asean Senior O cials Meeting on Minerals (ASOMM) and AMMin, ESCAP Expert Group Meeting; APEC Meetings; ASEAN Mineral Database. 6

KEY MANAGEMENT PROFILE ALBERTO C. ESTINOSA | 67 GOVERNMENT LIAISON/DIRECTOR Mr Estinosa has 18 years of experience working in the Philippines Embassy in Kuala Lumpur in various capacities. This has exposed him to dealing with international communities and businesses representing the Government of the Philippines. In 1976 he was the National Karate Champion in the Philippines and in 1977 he represented the Philippines for Karate in an International tournament in Kuala Lumpur, Malaysia. Since leaving employment from the Philippines Embassy in 1995, he has been involved with the setting up and management of his successful scientific equipment fabrication and supply company in Malaysia, dealing mainly with government supply and contracts. Mr Estinosa facilitates the smooth running of Alstron’s continued operations in the Philippines, liaising with the government, provincial and local authorities with regard to legal and regulatory compliance and change management in the mining legal framework and governance. GLAIZA L. DAGARAGA | 34 DIRECTOR Has been with Alstron Mining Group since 2011. Prior to joining Alstron Mining Group was Head of Sales with Bounty Agro Ventures. Currently heading the entire Alstron operations portfolio and liaises with the mining workforce and management, including mining engineers and project consultants. Responsible for ensuring the smooth flow of mining and exploration work and to produce and update reports for the Malaysia O ce on the running of the mines. A key person in ensuring project timelines and costs budgets are met. “PROUD IN DELIVERING SUPERIOR RETURNS TO OUR STAKEHOLDERS VIA EXPLORATION, DEVELOPING AND OPERATING GOLD AND COPPER MINES.” - PHIL ALSTRON 7

KEY MANAGEMENT PROFILE M.K. SANGARAN | 56 CORPORATE FINANCE/DIRECTOR Has more than 30 years experience in the field of Financial, Corporate & Banking Restructuring. He has been a consultant for public listed companies, large corporate entities and government agencies. He joined Diginet Group of Companies in 1991 as the Group Finance Director. Prior to that, served in Seven M Management Services Sdn Bhd and Ericsson Telecommunications Sdn Bhd. Responsible for all finance and accounting matters including corporate funding, treasury management, expansion and turnaround. Involved in the management and corporate advisory work for telecommunications in China and Indonesia. Executive Director at UTAS Asia Sdn Bhd, a company promoting business linkage with African countries. He then setup MK Sangaran & Associates Sdn Bhd, specialising in Corporate, Banking and Debt Restructuring (NPL) and has successfully turned around many companies into long term profitable organisations. From 2016 to date, he manages call centres in Cebu & Manila, the Philippines for investors from Singapore, USA and China in managing the business, personnel, liaising with customers and local government, financial a airs and reporting to the Chairman. He and his associates assist people in the ASEAN region to open businesses and bank accounts and handle company registration with the Government authorities. DATO’ EDDY SIK POH MENG | 48 RISK MANAGEMENT/DIRECTOR Has over 20 years of professional Corporate Consultant experience and senior management experience in a diverse range of industries including retail, education, property construction, government & local authorities and financial advisory services. He has held various senior positions in companies listed on Bursa Malaysia as turn-key advisor and management implementations. He has an Executive Masters degree in Business and Industrial Management from Asia E University, a Certified Financial Planner (CFP) by the Financial Planning Association of Malaysia and Registered Financial Planner (RFP) by the Malaysian Financial Planning Council. A member of the International Association of Registered Financial Consultants (RFC), USA and has a Diploma in Life Insurance Marketing. Also a licensed by the Security Commission of Malaysia for Financial Planning advisory and Financial Advisor’s Representative (FAR) to provide risk management advice to corporates and individuals. In the latest profile for the year 2019, he was appointed as a Nominee by the Malaysia Department of Insolvency (MdI) to act on the Voluntary Arrangement (VA). 8

WE ARE AGILE, BOLD AND EFFICIENT WITH VISION FOR PROFITABLE AND SUSTAINABLE MINING

MINING OPERATIONS THE PHILIPPINES The Philippines is endowed with an estimated US$1.4 trillion in mineral reserves, including gold, copper, nickel, aluminium and chromite. The archipelago holds among the world’s largest gold deposits. The mineral reserves cover over 9 million hectares. The Republic has in place a regulatory framework for the mining industry since 1995, i.e. the Philippine Mining Act of 1995. More importantly, it o ers high numbers of skilled people, expertise and specialised services. There is a large pool of Filipino professional geologist and mining engineers who have extensive experience in mineral exploration and mining operations. MINERAL TONS (MN) AVERAGE GRADE VALUE (US$B) GOLD 3,869 2.68 367 COPPER 5,051 0.9 318 NICKEL 783 2.62 328 CHROMITE 38 24.55 1 IRON 483 42.05 103 MANGANESE 3 45.31 0.1 ALUMINIUM 434 27.5 263 ZINC 11.4 2.66 1 MOLYBDENUM 306 0.08 6 TOTAL 1,387 (Source: Australian-New Zealand Chamber of Commerce Philippines (ANZCHAM)) A relatively sophisticated country in ASEAN region with an open economy and low cost operating environment with notable successes by international and local companies in the past 15 years. The Republic is estimated to have a population of over 100 million, with the median age of 23 years and a growth rate of 1.82%. English is a widely spoken and used language. 10

MINDANAO ISLAND, THE PHILIPPINES PHIL ALSTRON The Philippines is endowed with multiple mineral resources. Based on the report by the Mines and Geoscience Bureau, the Philippines rank 3rd in the world in terms of mineral endowment of copper; for gold, the Philippines ranks even higher at 2nd in the world. With the Philippines laying over the Pacific Ring of Fire, the majority of the copper-gold deposits feature the porphyry type. This type of mineralization owes itself to cost e ective, well-established, and widely-used extraction technologies, such as flotation for copper and cyanidation for gold. 11

As of December 2021, the Philippines had a total of: TYPES OF MINERAL NO. OF OPERATING METALLIC MINES GOLD WITH SILVER 5 COPPER WITH GOLD AND SILVER 3 CHROMITE 4 NICKEL IRON 27 TOTAL 1 40 TYPES OF MINING TENEMENT NUMBER MPSA 313 INDUSTRIAL SAND AND GRAVEL PERMITS 117 MINERAL PROCESSING PERMITS 43 EXPLORATION PERMITS 29 FTAA 5 CERTIFICATE OF ACCREDITATION 211 SPECIAL MINES PERMIT 2 MLC/PLC/LCC 2 MINING PATENT 224 TOTAL 946 (Source: Mining industry statistic dated 26 October 2016 by the Department of Environment and Natural Resources, Mines and Geosciences Bureau, Republic of the Philippines) 12

MINING REGULATIONS IN THE PHILIPPINES The Philippines mining industry is governed and regulated by the Mines and Geoscience Bureau (MGB), under the Department of Environment and Natural Resources (DENR). The mining industry involves the following legislations: (i) the Philippine Mining Act of 1995; (ii) the Indigenous People’s Rights Act (IPRA) (iii) Environmental laws; (iv) DENR Administrative Order (DAO): - 2010-21 (Revised Implementing Rules and Regulations (IRR) of the Philippine Mining Act of 1995; - 2000-98 (Mine Safety Law); - 2015-07 (International Organization for Standardization (ISO) 14001: Environmental Management System; and (v) Republic Act (RA): - 6969 (Toxic Substances, Hazardous and Nuclear Waste Control) - 9275 (Clean Water Act) - 8749 (Clean Air Act) - 9003 (Ecological Solid Waste Management Act) Approvals required from the following authorities for mining companies: (i) MGB Regional O ce and Central O ce under DENR; (ii) Environmental Management Bureau under DENR; (iii) either one of the local government units/ legislative councils (Sanggunian) as below:- (a) Village (Barangay) (b) City/Municipal (Panlungsod/Bayan) (c) Provincial (Panlalawigan) 13

WE STRIVE TO MAKE IT HAPPEN, ALWAYS A SEAMLESS SYNTHESIS WITH A TRUE ESSENCE OF SYMBIOSIS A SECTION OF A SUN RAY IS INCORPORATED INTO THE BRAND LOGO EIGHT RAYS OF THE GOLDEN SUN. SYMBOL OF FILIPINO UNITY, FREEDOM, SOVEREIGNITY AND DEMOCRACY OFFICIAL FLAG OF THE PHILIPPINES ALSTRON’S 7 SIDED LOGO SHAPE ALSTRON PARENT LOGO

PROJECT PHOENIX On 8 January 2010, the Philippine Government, represented by the Secretary of the Department of Environment and Natural Resource (DENR) and Crisnorman S. Linconada executed Mineral Production Sharing Agreement (MPSA) No. 311-2010-XIII covering an area of 304.96 hectares located in the Municipality of Tubay, Agusan del Norte. An MPSA is a mining right issued by the Philippine Government to mining companies that are given the right to explore, develop and mine the area for a period of 25 years, renewable for another 25 years for a total of 50 years. A Deed of Assignment involving the The shareholders have decided that a MPSA No. 311-2010-XIII (MPSA 311) was financing or funding option is necessary executed by and between Crisnorman S. to support the capital expenditure in Linconada and PAMC on 24 May 2013 setting up a gold processing facility. wherein the former assigned the latter all rights and interest in the said mining area. The processing plant will be used to generate the required revenues to repay The Deed was approved by the DENR the financing and also to fund ongoing Secretary on 8 August 2014. The exploratory works and for day to day preparatory works to commercialize the expenses before they proceed with mine and also to obtain all the necessary listing. permits and licenses from the government have been fulfilled. PROJECT OVERVIEW PROJECT NAME PROJECT PHOENIX PROJECT LOCATION NATURE OF THE PROJECT BRGY. TAGMAMARKAY, TUBAY, AGUSAN DEL NORTE, CARAGA REGION, PHILIPPINES MINING AND MINERAL PROCESSING MINING PERMIT MPSA NO. 311-2010-XII, ISSUED ON MINERAL RESOURCE 8 JANUARY 2010 21,762,255 MT (COPPER AND GOLD) 15

AND COPPER PROJECT. GOLD AND COPPER PROJECT. GOLD AND COPPER PROJECT. GOLD AND C

MUNICIPALITY OF TUBAY, AGUSAN DEL NORTE PROVINCE 17

PAMC has been financed by shareholder funds. The capital and day to day expenditure has been from shareholder injections for the past 8 years. PAMC has in stores approximately 10,000 dry metric tons of ore in stockpile, ready to be processed once the processing facility has been constructed. A total of 25 hectares of the total 304.96 hectares of PAMC which has been valued on a measured basis has a reserve resource value of approximately USD 3 billion as at January 2022. LOCATION OF PHIL 1 1 ALSTRON MPSA 311 211 1 The Project within the tene- 26 1 ment area denominated as 23 MPSA 311 is situated in the 7 Municipality of Tubay, Agusan Santiago del Norte Province, Caraga 20 Region covering a total area 107 24 of 304.96 hectares. 134 7 47 211 It is approximately 40 km 311 310 north-northwest of Butuan 30 City and 77 km southwest of 261 7 Surigao City. 23 31 7 Tubay 107 24 30 Cabadbaran 18

RESOURCES & RESERVES An extract of the summary on the measured and indicated resources from the exploration and mineral resource report dated November 2015 carried out on the 25 of the total 304.96 hectares issued under MPSA No. 311. This report is JORC and Philippine Mineral Recording Code (PMRC) compliant with total resources comprising of copper-gold skarns (Skarn) and mineralised micro-diorites (MD) classified as measured and indicated at 21,762,255* metric tons (MT) is as per below: TOTAL PRICE OF COPPER CLASSIFI AL METRIC AV GRADE COPPER COPPER PRICE/ EXCHANGE TOTAL COPPER TOTAL COPPER CATION TYPE TON (% OF CU) (MT) MT (USD) RATE (USD) (RM) Measured Skarn 11,404,964 1.86% 212,132 9,500 4.18 2,015,257,139 8,423,774,840 MD 7,599,540 0.75% 56,997 9,500 1.86% 21,747 9,500 4.18 541,467,225 2,263,333,001 1,169,181 0.75% 9,500 Indicated Skarn 1,588,570 11,914 4.18 206,594,283 863,564,102 MD 21,762,255 302,790 4.18 113,185,613 473,115,860 As at January 2022 2,876,504,459 12,023,787,803 TOTAL PRICE OF GOLD CLASSIFI AL METRIC (G/MT OF TOTAL AU GOLD PRICE/ EXCHANGE TOTAL GOLD TOTAL GOLD CATION TYPE TON GOLD) (OUNCE) OUNCE (USD) RATE (USD) (RM) Measured Skarn 11,404,964 0.55 201,673 1,800 4.18 363,011,326 1,517,387,343 MD 7,599,540 0.45 109,949 1,800 4.18 197,908,017 827,255,509 0.55 20,675 1,800 4.18 Indicated Skarn 1,169,181 0.45 22,983 1,800 4.18 37,214,142 155,555,112 MD 1,588,570 355,280 41,369,706 172,925,372 21,762,255 639,503,191 2,673,123,336 As at January 2022 GRAND TOTAL 21,762,255 3,516,007,450 14,696,911,139 INDICATIVE TOTAL VALUE USD 3.5B OR MYR14.7B OF COPPER AND GOLD AT Skarn and MD are di erent type of mineralization. Skarn – rocks derived from the high temperature reactions of hydrothermal solutions from the intruding magmatic bodies and limestone and the volcano interface. MD – Micro-diorites are igneous rocks (formed by the cooling and hardening of molten material called magma) Notes:- * 21,762,255 Metric tons is extracted from Phil Alstron Copper Cu-Au Mining Project - Exploration and Mineral Resource Report. Illustration is based on copper price is at USD9,500/MT and gold price is at USD1,800/ounce as at Jan 2022. Translated using USD1 = MYR4.18 (Jan 2022). 19

WE VALUE MANKIND AND PRO-LIFE, ALWAYS BECAUSE WE CARE Mining activities are an integral part of The strategic management of social and societal development. By managing environmental impacts also ensures environmental impacts the long term favour from the government and policy viability of mining operations can be makers for economic benefits to secured, which then addresses the social stakeholders. PAMC has been making issues. It also provides the opportunity to e orts to reduce the environmental and provide goods and services in mining and social impacts of mining and minimize the at the same time enables a sustainable footprint of our activities during the and healthier eco system. mining cycle, including post closure restoration. 20

OUR SOCIAL RESPONSIBILITIES In recent years changes in management techniques and implementation have e ciently minimised the majority of negative impacts to the environment and society. PAMC has been making e orts to reduce the environmental and social impacts of mining and minimize the footprint of our activities during the mining cycle, including post closure restoration. The mining industry can become more environment friendly and socially sustainable by integrating practices that reduces the environmental impact of mining operations and implementing corporate social responsibility (CSR). As a key financing institution within the ASEAN region, Asian Infrastructure Invest- ment Bank (AIIB) is committed to support- ing developmental and Infrastructural projects, while eliminating or minimizing any adverse impacts or risks on the envi- ronment, society and human health. These impacts can be severe or moder- ate, localized or regional, short or long term. In order to minimize and manage environmental and social impacts, the Bank’s operational policies are triggered and the environmental assessment (EA) is a key process of the Bank’s due diligence. These safeguards provide a mechanism and tools for ensuring integration of envi- ronmental concerns and social issues into the planning and implementation of devel- opment projects financed by the Bank. PAMC is cognizant of this fact and have a working, implementable Environmental and Social Framework which will meet and exceed AIIB’s policy guidelines and requirements for the proposed gold plant project funded by the bank. 21

ENVIRONMENTAL MITIGATION METHODOLOGY Soil Contamination Mitigation for soil impacts include best management practices during operational phases and a reclamation plan for re-establishment of viable soils and vegetation at closure. Air Quality Improvements Native plant species were studied and found that the broad leaf native dry deciduous tree species such as Tectona grandis have great potential to reduce dust. E ective green belt development has to be developed in di erent tiers for preventing the dust out of the core and bu er zone of mining areas. Water Quantity and Quality Improvement Mitigation measures to reduce the e ects on water by a staged development of tailings storage facilities to minimize the amount of water sent to the processing plant and to return of the disturbed areas to natural run o conditions as soon as possible. Using the best management practices for site clearing and construction of a processing plant to minimize erosion and sedimentation is one of the best tools for water impact reduction. These practices will include diversion of runo water away from roads and disturbed areas and the use of sedimentation ponds and silt fences. Noise and Vibration Control Disturbance from noise can be alleviated using vegetation as a biological tool. Plants are good attenuators of noise, especially in the mining areas. Vegetation also helps reduce the impact of noise and vibrations in mine operational areas. Conservation of Biodiversity Mitigation for habitat and biodiversity impact include minimizing the footprint, translocation of native plant species to eco system reconstruction sites, conservation of plant micro reserves and larger areas and reclamation. Socio Economic Development There is considerable complexity to managing socio economic impacts of mining. Impact mitigation measures and even benefits can result in many interacting e ects both positive and negative. Managing socio economic impacts more so than other factors, involves minimizing negative e ects and enhancing positive benefits. Reclamation benefits through plantation of sought after timber for instance can produce employment benefits for generations into the future. 22

WITH A VISION TO LEAD THE WAY IN A SAFE, RESPONSIBLE AND EFFICIENT MINING

GET IN TOUCH WITH US Malaysia Office: 14B & C, Jalan 222, Petaling Jaya, 46100 Selangor Darul Ehsan Malaysia +603 7957 6035 Philippines Office: One Luna Building E.Luna Street Butuan City Agusan Del Norte 8600, Philippines [email protected] www.alstronmining.com

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