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COMPANY HISTORY

  • 2014

    • Commissioned the new expanded Carmen Concentrator plant (60,000 TPD)

  • 2013

    • May 10, 2013Carmen Copper marked its 100th shipment of copper concentrate with a commemorative tree-planting activity at its Sangi Port Terminal in Toledo City, Cebu.

  • 2012

    • Approved plant capacity expansion to 60,000 TPD

    • June 2012First ore mined from Carmen open pit

  • 2011

    • SM Investments Corporation (SMIC), one of the country’s largest and most respected conglomerates becomes a major shareholder

    • Atlas buys out CASOP to own 100% of Carmen

    • Decision made to mine Carmen orebody by open pit mining

  • 2008

    • December 2008Carmen Copper completed its first shipment of copper concentrate to China.

    • September 2008Production resumed with a start-up milling rate of 20,000 metric tons of copper ore per day.

  • 2007

    • September 2007Started full-scale rehabilitation of the Toledo Copper Mine

  • 2006

    • Atlas Mining concluded a funding transaction with Crescent Asian Special Opportunities Portfolio (CASOP), a Singapore-based equity partner, to finance the Toledo Copper Mine rehabilitation and reopening. This development set into motion the clock to re-start the road to rehabilitation.

  • 2004

    • September 16, 2004Carmen Copper Corporation (“Carmen Copper”) was incorporated as a subsidiary company of Atlas Mining to operate the Toledo Copper Mine located at Barangay Don Andres Soriano, Toledo City.

  • 2003

    • Ramos-owned Alakor Corporation acquired substantial shares in the company

  • 1995

    • Atlas Consolidated Mining was delisted in American Stock Exchange (ASX)

  • 1994

    • August 16, 1994Atlas Mining’s operations were suspended indefinitely

  • 1985

    • Atlas production began to taper due to falling copper price and operational downsizing.  Further metal price fluctuations years ahead resulted to successive yearly negative cash-flow performances.

  • 1978

    • June 30, 1978From its modest beginning, Atlas Mining had steadily grown through the years and at its peak, had attained a milling capacity of 110,000 dry metric tons (DMT) per day. It was once touted as the largest producer of copper in the Far East and one of the biggest copper mines in the world.

  • 1973

    • Atlas Mining was listed in the American Stock Exchange which led to a sizeable influx of US capital in the mining industry in the Philippines

  • 1970

    • Atlas Mining was listed in the Philippine Stock Exchange (PSE)

  • 1955

    • Started mining operations in Lutopan pit and milling operations at 4,000 dry short tons (DST) of ore per day until it expanded its plant capacity to 10,000 DST per day as a result of discovery of larger ore reserves in its mining concessions

  • 1953

    • Incorporated as Atlas Consolidated Mining and Development Corporation

    • (“Atlas Mining”) was incorporated from a merger of Antamok Gold Mines, Masbate Consolidated Mining Company and IXL Mining Company under the aegis of Andres Soriano y Roxas

  • 1935

    • Incorporated as Masbate Consolidated Mining Company