COMPANY HISTORY
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2019
In May 2019, Carmen Copper marked its 300th shipment of copper concentrate since it resumed operations in 2008.
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2018
Inauguration of the Carmen Copper Heritage Center, the 1st Copper Mining Museum in Southeast Asia.
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2015-2017
Carmen Copper embarked on high levels of waste stripping.
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2014
Commissioned the new expanded Carmen Concentrator plant (60,000 TPD)
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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.
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2012
Approved plant capacity expansion to 60,000 TPD
June 2012First ore mined from Carmen open pit
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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
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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.
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2007
September 2007Started full-scale rehabilitation of the Toledo Copper Mine
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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.
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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.
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2003
Ramos-owned Alakor Corporation acquired substantial shares in the company
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1995
Atlas Consolidated Mining was delisted in American Stock Exchange (ASX)
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1994
August 16, 1994Atlas Mining’s operations were suspended indefinitely
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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.
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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.
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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
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1970
Atlas Mining was listed in the Philippine Stock Exchange (PSE)
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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
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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
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1935
Incorporated as Masbate Consolidated Mining Company
