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Business Profile:

MacroAsia Corporation (MAC), formerly known as Infanta Mineral and Industrial Corporation (IMIC), was incorporated on February 16, 1970 to primarily engage in the business of geological exploration and development. On January 26, 1994, the Securities and Exchange Commission (SEC) approved the change in the IMIC's original purpose to that of a holding company, and its corporate name to Cobertson Holdings Corporation. In November 1995, the SEC further approved the change in corporate name to its present name. MAC began commercial operations as a holding company under its amended charter in 1996.

MAC at present is engaged primarily in aviation-related support businesses. It provides aircraft maintenance, repairs and overhaul services, charter flight services, airport ground handling services and in-flight catering services and operates a special economic zone at the Ninoy Aquino International Airport (NAIA). All subsidiaries and associated companies of MAC render services directly to the airline customers/locators at NAIA, Manila Domestic Airport, Mactan-Cebu International Airport and Davao International Airport.
MAC operates mainly through its four subsidiaries and three affiliates, namely, Lufthansa Technik Philippines, Inc., MacroAsia Catering Services, Inc., Cebu Pacific Catering Services, Inc., MacroAsia Airport Services Corporation, MacroAsia Properties Development Corporation, MacroAsia Air Taxi Services, Inc., and Toll-MacroAsia Philippines, Inc.

Aside from airport businesses, MAC also has mining projects after receiving from the government a Mineral Production Sharing Agreement (MPSA) in 2006. The MPSA covers 1,114 hectares as renewal of its rights in the nickel-rich area in Brooke's Point, Palawan. In May 2007, MAC received its second MPSA covering 410 hectares in another nearby area in Brooke's Point, Palawan. Both areas are used to be held and mined by IMIC.

Source: SEC Form 17-A (2010)
MacroAsia diversifies into water services

MACROASIA Corp., a listed aviation support company led by tycoon Lucio Tan, is going into bulk water supply through a P2.5-billion project involving a water treatment plant and distribution facility in Cavite province.

In a filing to the Philippine Stock Exchange, MacroAsia said the investment will be made through a consortium of 100-percent owned subsidiary, MacroAsia Properties Development Corp., together with Watergy Business Solutions Inc.

MacroAsia said the consortium on Tuesday signed with the Maragondon Water District an agreement to pursue and implement this bulk water supply project.

Funding will come from a combination of internal cash and external sources, although the company failed to provide additional details.

The company said the water treatment plant can process 150 million liters of water per day. Under the present situation, several municipalities in Cavite are being serviced by water districts whose water supply is sourced from deep wells.

“Most of the output water is already being eyed for off-take arrangements with the water districts and some water utility concessionaires in Cavite,” the company said.

MacroAsia said the project entails the building of infrastructure required to collect, treat and deliver surface water from the Maragondon River for use by the water districts and other water utility companies in Cavite.

At present, MacroAsia still generates the bulk of its revenues from its core businesses providing support services to airline operators such as aircraft maintenance and repairs, inflight catering, charter flight services and ground handling services. It is also starting up nickel mining operations in Southern Palawan.

MacroAsia shares closed 0.31 percent to P3.19 each on Tuesday’s trading.

http://www.businessmirror.com.ph/home/co...r-services
MacroAsia poised to revive Palawan mine by April 2012

LUCIO TAN-LED MacroAsia Corp. will be reviving its Palawan nickel mine in nine months as it wraps up rehabilitation and awaits one more government approval, an official said on Friday.

"We are waiting for one more permit from the government, particularly, from the NCIP (National Commission on Indigenous People), since they have to issue us a certification apart from the consent that we have secured from the mine’s host indigenous communities,"Amador T. Sendin, MacroAsia vice president for planning and business development for mining, said in a telephone interview on Friday.

"We’re not sure when this certification will be given to us, and we don’t want to hurry the government, but rehabilitation should finish soon and we’ll be operational in about three-quarters of a year from now or nine months," he continued.

The mine, dubbed as the Infanta Nickel Project, had supplied ore to Japan in the late seventies. It is a 1,114-hectare mine site with an estimated reserve of 88.36 million dry metric tons of ore.

MacroAsia was granted an exploration permit to reevaluate its old mine in 2005.

Rehabilitation began in June last year together with company efforts to secure the necessary permits and certifications to re-operate. The Environment department issued an Environmental Compliance Certificate for the project in September.

MacroAsia’s first quarter earnings declined 32% to P83.364 million from P122.329 million last year resulting from lower share in the net income equity of its associates, particularly, Lufthansa Technik Philippines.

MacroAsia shares sold P3.18 apiece on Friday, up 0.03% from Thursday’s P3.15. -- Eliza J. Diaz

http://www.bworld.com.ph/content.php?sec...2&id=34826
$14-B investments in mining eyed from China
By: Jeannette I. Andrade
Philippine Daily Inquirer

http://business.inquirer.net/17327/14-b-...from-china
Hmmm... May kasama kaya akong nakapulot dito kanina? hehe. Mukhang malaki-laki ang investment ng Chinese dito ah..


http://www.pse.com.ph/html/disclosure/pd...75_MAC.pdf

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"The estimated value of investments by both MAC and Jinchuan is about US$1 Billion."
^^ ang galing mo naman mamulot sir Luc23! di ko nga ito napansin kanina e.
iba ung napulot ko kanina..taas pa ng gap up tapos nag sell down pa Big Grin
ilang araw ko na rin kasi nasa watch list to Boss Glen, dapat ng accumulation mode palang ako kaso biglang gumalaw kanina. Kala ko walang ibang nakapansin ng disclosure, e last Friday pa yun.. ahaha! Mukhang gap up nanaman ito bukas.. lolzzz..

Anong napulot mo Boss Kyre, B ba yan?.. Big Grin
Boss Luc..di B kundi V Big Grin

sana green ito ngayon para happy lahat ng bumili Big Grin

might enter MAC today
SOLD some... will sell more around Quatro tomorrow.. Big Grin
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