BOHOL LIMESTONE CORPORATION

QUICKFACTS

I. General Information

MPSA Contractor : BOHOL LIMESTONE CORPORATION

Mining Tenement : MPSA No. 150-2000-VII

Date Approved : January 7, 2000

Date of Expiration : January 7, 2025

Term of MPSA : 25 years; renewable for another twenty five years

Contract Area : 640 hectares

Location : Garcia-Hernandez, Bohol

Mineral Commodity : Limestone

Mineral Source : N/A

Office Address : West Canayaon, Garcia-Hernandez, Bohol

Contact Number : (032) 532 1204

President : Mr. Victor J. Bantol

Company Structure : 40 % Philippine Mining Service Corporation

60 % Filipino

[Type text] Page 1

 II. ECONOMIC CONTRIBUTION

 Mining Investments

Total reported investment of B o h o l L i m e s t o n e C o r p o r a t i o n amounted to P10

million as of December 2015.

 PRODUCTION

PRODUCTION 2015
Quantity Value
Limestone Ore 2,391,700 DMT PHP 110,018,200.00

 EXPORT

Name of Company /
Country of Quantity Value
Destination

In Php In US$
N/A N/A N/A N/A

 Employment

The Bohol Limestone Corporation employed six regular employees as of 2015. Out of the six, three
are in the managerial position while the other three are rank and file employees. The company also
employs 47 contract workers, 21 of which are from NACI, four from S H I N E F O R , t h r e e
from DACONS are for Nursery Maintenance, while the other four from
J B R o c k a r e f o r W a s t e H a u l i n g . T h e r e m a i n i n g 1 5 a r e from JCSSI are in charge
for security.

[Type text] Page 2

  Taxes, Fees and Royalties

BLC has filed a total of P6.7 million in national taxes and P2.05 million in local taxes. A total
of P2.4 million was remitted to the national government as withholding tax and paid a total of
P11.3 million in royalty taxes on mineral reservation, surface owners and indigenous people.

I. Taxes and Fees Paid

6,792,40
A. National 0.00
Income Tax 1,419,700.00
Excise Tax on Minerals 2,200,400.00
Customs Duties/Fees N/A
Value Added Tax 3,081,400.00
Other National Taxes 90,900.00
B. Local 2,054,750.00
Local Business Tax 1,992,900.00
Real Property Tax 1,250.00
Occupation Tax 48,000.00
Community Tax 10,500.00
Registration Fee N/A
Permit Fee 1,500.00
Wharfage Fee N/A
Other Local Taxes: 100.00

[Type text] Page 3

 I. Withheld Taxes (W/T) 2,481,900.00
W/T on Payroll 760,300.00

W/T on Royalties on Claimowners/Surface Owners 122,290.00

W/T Contractors/ Suppliers 1,597,000.00

W/T on Dividends N/A

W/T of Profit Remittance to Mother Company N/A

W/T on Interest Income 1,700.00

W/T on Interest Payments N/A

W/T Royalty for Transfer of Technology N/A

Other Withheld Taxes: N/A

II. Royalty Payments

a. Government/Mineral Reservation N/A

b. Claimowners and/or Surface Owners N/A

c. Indigenoues People N/A

GRAND TOTAL 11,329,000.00

MINES AND GEOSCIENCES BUREAU QUICKFACTS Page 4

 III. ENVIRONMENTAL PROTECTION AND MANAGEMENT

 Social Development Management Program

Total amount committed by BLC for the development of their host and neighboring
communities through their approved Social Development and Management
Program (SDMP) is P2.8 million. There are 12 barangays that stand to benefit in the
implementation of approved community/social projects of BLC.

SDMP OF BLC

Human Resource and Development Program

1. Roofing of Manaba Covered Court
2. Improvement of Calma Multi-Purpose Building

Educational Support Program

1. Improvement of Barangay Sampong Computer Room

2. Student’s scholarship and OJT.

 Environmental Protection and Enhancement Programs

PMSC-Bohol has committed a total of P2.5 million for the implementation of

approved plans/ projects/programs/ activities under the Annual
Environmental Protection and Enhancement Programs of 2015. The activities
set in the AEPEP are implemented to achieve the environmental management
objectives, criteria and commitments including protection and rehabilitation of the
disturbed environment.

 Mining Forest Program

The total planted seedling by PMSC-Bohol is 5,585 seedlings in an 11.17 hectares

private lot with MOA. There were around 60% planted seedlings survived and the 40%
were replanted due to burning and others were not survived during drought. Aside
from planted seedlings by the company, there were seedlings which was donated and
planted by students and NGOs for about 581 seedlings.

MINES AND GEOSCIENCES BUREAU QUICKFACTS Page 5