Benguet Corporation disclose as follows: Its subsidiary, Benguetcorp Nickel Mines, lnc. (BNMl), which operates the nickel project in Zambales, received today (July 24, 2014) an Order from MGB Region 3 dated July 15, 2014 suspending the extraction of ores and future expansion of mining areas. The suspension order is temporary until BNMI is able to implement systematic mining and clean-up / relocation of ore prefiles to designated stockpile areas. The receipt of the Order comes at a time when BNMI has slowed down / ceased its mining operation due to onset of the rainy season (July - October) and is implementing a environmental care and maintenance program for the duration. SIGNATURES Benguet Corporation Reynaldo P. Mendoza Assistant Corporate Secretary
Posted on: Fri, 25 Jul 2014 14:45:28 +0000
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