Alsons Consolidated Resources, Inc.

Alsons Consolidated Resources, Inc. (ACR) was incorporated on December 24, 1974 as Victoria Gold Mining Corporation to engage in the business of exploration of oil, petroleum and other mineral products. In June 1995, the corporate name was changed to its present name to mark the entry of the Alcantara Group. ACR's primary purpose was subsequently changed to that of an investment holding company with oil exploration as a secondary purpose. On October 10, 1996, ACR completed its reorganization through a series of stock swaps, and as a result, some of the Alcantara Group's established businesses became majority or minority-owned subsidiaries of ACR.

ACR's core businesses, conducted through its various subsidiaries and associates, are grouped into main categories consisting of energy and power, property development, and other investments. ACR's investment in the energy and power business is through two holding firms, namely, Conal Holdings Corporation and Alsing Power Holdings, Inc., and Alsons Power International Limited, a British Virgin Islands-registered company which handles the development of the power plant projects of ACR. The Company is also engaged in the property development sector through Alsons Land Corporation. In terms of other investments, ACR is also involved in the mining sector through ACR Mining Corporation, and in the product distribution business through RCP Holdings, Inc. and Market Developers, Inc.

Source: SEC Form 17-A (2009)

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Spyfrat Wrote:OT: acr naman halt. ano meron kaya? *gigols*

OT reply: Board approved placement and subscription transaction whereby subject to favorable market conditions to undertake ACR common shares Offering worth USD 175M or equivalent to 7.5B (including over allotment).

CLSA is the sole global coordinator, bookrunner and stabilization agent.

Commander, palipat na lang mamaya. I will do the thread. Thanks.
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1.40 opening. Big Grin
Alsons unit to embark on milkfish exports

By James Konstantin Galvez, Reporter

ALSONS Aquaculture Corp. plans to embark on the export business to capitalize on the growing demand for locally produced milkfish or bangus particularly in Europe.

Tomas Alcantara, chairman and president of Alsons Consolidated Resources Inc., said the company’s aquaculture unit began trial shipments of bangus to member-countries of the European Union to cater to the growing demand from overseas Filipinos.

“We have started last year with the trial shipment in Italy and England, which is about one 40-foot container a month. We are also looking at Israel for our exports, which is exclusively bangus,” Alcantara told reporters.

Established in 1997, AAC’s main products are milkfish, tilapia, prawns, seabass, pomfret and processed milkfish products.

The company is a major exporter of milkfish to the US and Canada, with five 40-foot containers shipped on a monthly basis. This comprises 80 percent, or roughly P800 million of the company’s sales.

The Philippines, along with Indonesia and Taiwan, is one of the top bangus producers in the world, exporting in frozen, canned, dried, smoked or marinated forms.

Bangus products are making waves in international markets where Filipinos either work or live.

Bangus in frozen form is shipped to 30 countries, while those in canned form are sent to 23 countries. Dried or smoked bangus are sold in 17 countries.

The US, Saudi Arabia and Guam are major export markets.

The Alcantara group and the provincial government of Sarangani donated some six million milkfish fry from Finfish Hatcheries to replenish the stocks depleted due to the recent fishkills in Taal Lake and Pangasinan.

In a turnover ceremony at the Bureau of Fisheries and Aquatic Resources, Gov. Miguel Dominguez of Sarangani and Alex Alcantara, executive vice president of the Alcantara group, said the donation is a boost to the affected fishpen and fishcage owners, who suffered losses in excess of P100 million.

Both based in Sarangani, Finfish, along with AAC, form part of the aquaculture business of the Alcantara group, the single biggest producer and processor of milkfish in the country.

The companies provide half of the country’s annual bangus requirement.

Alsons shares rose to P1.52 on Tuesday from P1.51 last week.
Alsons, Indophil raise over $100 million for Tampakan project

By Marianne V. Go (The Philippine Star) Updated June 23, 2011 12:00 AM Comments (0) View comments

MANILA, Philippines - The Alsons Group, together with Australian miner Indophil Resources, is responding to a recent capital call by Sagittarius Mines Inc. (SMI) in order to avoid a dilution of its stake in the potentially gold-rich Tampakan project in South Cotabato.

In an interview, Tomas Alcantara, chairman and president of Alsons Consolidated Resources, Inc. the Alson’s Group, together with Indophil, have raised more than $100 million to respond to a recent capital call by SMI.

Indophil continues to hold a 37.5-percent stake in SMI, majority of which is controlled by Swiss miner Xstrata.The Alsons Group, Alcantara said, is maintaining its seven-percent stake in Indophil.

The fund-raising for SMI is in preparation for the development of the Tampakan copper-gold project which, according to Alcantara, may bring in as much as $8 billion in investments.

Alcantara expressed optimism that the project would be allowed to proceed in spite of the current open pit mining ban imposed by the local government of South Cotabato where the Tampakan mine site is located.

The Tampakan project would be good for Mindanao, Alcantara said, adding that “there are friendly ways of mining.”

SMI just recently completed a preliminary draft of its environmental impact study (EIS) which will be presented for further consultation with the affected local government units, indigenous peoples and local communities of the provinces of South Cotabato, Davao del Sur, Sultan Kudarat and Sarangani.

Feedback from the series of consultations would be taken into consideration in the final revisions.

SMI hopes to complete the EIS by the fourth quarter of this year for submission to the Department of Environment and Natural Resources’ Environmental Management Bureau (DENR-EMB).

Submission of the EIS will be the last step before the DENR issues the final approval of an environmental clearance certificate (ECC) for the $5.9-billion Tampakan copper-gold project.
is this it? 1.65 doing..
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Oo nga noh sir aiu, lapit na mag-break out!
...this one is doing parabolic na yata...ngayon ko lang napapansin...pwede pa ba? Big Grin guys? hihih
Pls don't follow me....I'm lost too! hehe
Sir baka pwede kayo na mag-start ng break out hehe. Tempted rin ako hehe, gusto ko rin kasi fundamentals nito, nation building sila sa Mindanao.
...meron kasi si uncle nito eh hehe Smile pero let's see...alcantara pa rin naman ito
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