Founded on 12 August 1903 as the Benguet Consolidated Mining Company, the Company’s 112 years of existence is a testament of its adaptability and resiliency in the face of changes brought about by global events, natural calamities, economic conditions and industry trends.
Benguet was reorganized and registered with the Securities and Exchange Commission (SEC) on June 18, 1956 under the name Benguet Consolidated, Inc. Benguet is now on its third fifty-year corporate life, the extension having been approved by the SEC on June 18, 2006. Having been listed in the Philippine Stock Exchange since January 4, 1950, it is one of the most widely held public companies in the country with 16,897 stockholders of record, with 16.55% of its outstanding shares owned by foreign nationals and institutions, as of December 31, 2015.
In the 1980’s, following its name change to the now “Benguet Corporation”, the Company’s stature peaked as it simultaneously operated its five major mines: Benguet Gold Operations (BGO), Benguet Antamok Gold Operation (BAGO), Dizon Copper-Gold Operation (DCO), Masinloc Chromite Operation (MCO), and Paracale Gold Operation (PGO).
In the 1990s, due to devastating natural disasters and other external factors such as low metal prices and the 1997 Asian economic and monetary crisis, Benguet had to suspend operations of 4 mines BGO, PGO, BAGO and DCO. In 2003, the company reopened BGO on a limited scale through the Acupan Contract Mining Project (ACMP) now renamed the Acupan Gold Project (AGP), developed by Sta.
Aside from mining and mineral exploration, the Company ventured into various projects through several wholly owned subsidiaries. It is engaged in healthcare and diagnostics services through its expanding BenguetCorp Laboratories, Inc., mining logistics through Arrow Freight Corporation, trading of industrial equipment and supplies through Benguetrade, Inc., port services through Keystone Port Logistics and Management Services Corporation, shipping services through Calhorr 1 Marine Services Corporation and Calhorr 2 Marine Services, Inc., and real estate development and lime kiln operation through BMC Forestry Corporation.
According to benguetcorp.com
