MINES AND GEOSCIENCES BUREAU
REGION V - BICOL

The Ibalong Resources and Development Corporation/Goodfound Cement Corporation (IRDC/GCC) based in Barangay Palanog in Camalig, Albay has spent some P7,715,017.00 for social and community development of the host and neighboring communities thereby assisting the government in its poverty alleviation campaign in the countryside.  This was the result of the verification and evaluation conducted by the regional office of the Mines and Geosciences Bureau (MGB-V) here on the Social Development and Management Program (SDMP) of IRDC/GCC for the calendar years 2000 to 2002.

The amount credited to the SDMP of IRDC/GCC was spent for the construction, improvement and repair of barangay halls, health centers, chapels and water system; concreting of provincial and barangay roads and line canals; electrification; medical assistance; cooperative; flood control; scholarship; livelihood projects; information campaign; sports development and clean and green programs.  

The total amount spent represents more than the one percent (1%) allotment required by RA 7942 of IRDC/GCC’s total direct mining and milling costs for the years 2000 to 2002.  Section 134 of DAO 2000-99 requires contractors/permit holders/lessees to allot yearly a minimum of 1% of their direct mining and milling costs to implement identified activities, programs and projects.

IRDC/GCC direct mining and milling costs for the years 2000 to 2002 totaled P55,028,541.62 and the 1% of this amount required by law is a mere P550,285.41 compared to the actual P7,715,017.00 spent by the IRDC/GCC for the development of the said host and neighboring communities.