Atro acquires P100M equipment for site preparation and development PDF Print E-mail
Sunday, 11 May 2014 13:48

Atro Mining-Vitali, Inc. (AMVI) recently concluded the initial acquisition of mine equipments necessary to jumpstart the preparation and development of the mine site.

The equipment acquisitions totalled to P100-million (USD 2.24 million). It consists of the following : 1 unit – Caterpillar D6R bulldozer, 1 unit – Caterpilllar CS533E Vibratory Soil Compactor, 1 unit – Caterpillar MG 120K Motor Grader, 2 units – Doosan Hydraulic Excavators DX225LCA, 2 units – Doosan Hydraulic Excavators DX300LCA, 2 units – Doosan Wheel loaders SD300 and 12 units of Howo 6x4 Dump trucks.

The company has shipped its first batch of acquired equipments, 2 Doosan Hydraulic Excavators DX225LCA and 2 Doosan Wheel loaders SD300 from the Manila North Harbor last April 30. It arrived at the Port of Zamboanga City in the morning of May 6 on board the MV Span Asia 5.

The second batch is expected within the next two weeks in line with AMVI President Elson S. Ogario’s decision to proceed with all work programs in the construction of the facilities and road construction/rehabilitation and the hiring of more than 200 personnel required preparatory for the commercial run for the second half of 2014.

The company expects to complete its fleet acquisitions late this year with an additional investment in equipment of USD 4.5 million.

The said equipments will be dispatched for mine road works and for the construction/rehabilitation of barangay roads in Vitali as well as in San Vicente, Tungawan, Zamboanga Sibugay where the port logistics site of the company will be located.  It will be used also for the initial mine development and also for the continuation of the company’s core drilling programs to further delineate its mineral resources.

The company is now also in the process of acquiring its crushing plant while the magnetic circuit plant will be acquired on the third quarter of 2014.

AMVI is committed to source the manpower requirements to operate and maintain the said equipments from the host local communities. The supplies and consumables shall also be procured locally.

In addition, the company said, it is committed to hire locally for the various civil works and construction activities to be undertaken for the development of the mine roads,plant, facilities and improvements.

All of the materials requirements shall be sourced from the various business establishments in the host communities in line with the company’s thrust of Localized Procurement Strategy that aims to reinvigorate the respective local economies.

The company is set to commence commercial operations but has already undertaken series of community projects in Vitali and the other underlying barangay since 2011 with the end in view of alleviating the economic and living conditions of the people in the area.

The acquisition of the multi-million mine equipments, AMVI said, is in accordance with the approved Declaration of Mining Project Feasibility (DMPF) by the Mines and Geosciences Bureau (MGB).

AMVI is the exclusive mine operator of the Vitali Iron Ore Mining Project, under Mineral Production Sharing Agreement (MPSA) # 237-2007-IX granted by the Philippine Government, which is located in Vitali, this city.