1 January 2014 Last December 21, Carmen Copper Corporation (“Carmen Copper”) awarded to five host and neighbouring barangays the first set of projects under its Social Development and Management Program (SDMP) for 2014.

Barangays Biga and Loay, Media Once National High School and P. Del Rosario Elementary School in Barangay Don Andres Soriano will be provided new covered courts with rainwater collectors while Barangay Cantabaco will be provided with a brand-new ambulance in 2014.

The awarding ceremony was held during a Christmas thanksgiving luncheon at the Carmen Copper Staff Clubhouse attended by Toledo City Mayor John Henry R. Osmeña, some members of the City Council, officials of beneficiary barangays, Company executives and senior staff.

According to Mr. Rodrigo C. Cal, Vice President and Resident Manager, “The SDMP is being faithfully followed and has covered, so far, among others, the various aspects of education, infrastructure, health services and human resources. We remain true to our commitment to develop the communities surrounding the mine site as part of Carmen Copper’s corporate social responsibility.”

Mr. Josue P. Bordon, Assistant Vice-President for Safety, Health, Environment and Community Relations added, “The communities continually support the mining operations of Carmen Copper all the way so it is fitting for the company to return the favor.”

Mayor Osmeña in response vowed unqualified support to Carmen Copper especially in its efforts to uplift the lives of Toledanos by providing employment opportunities. (Carmen Copper currently employs almost 5,000 employees, 84 percent of which are natives of Toledo City.)

The event ended with Mr. Adrian Ramos, Executive Vice President, thanking the communities and the local government of Toledo City for the strong support to the Company. During Mr. Ramos’ speech, he brought to mind those who have been affected by the natural calamities in 2013 and shared how the company provided sustainable assistance to help them get back on their feet. He ended his address invoking a renewed vigor full of hope and anticipation of the coming year.

Carmen Copper is a wholly-owned subsidiary of Atlas Consolidated Mining and Development Corporation and supports its host communities through various projects implemented under the Social Development Management Program.