TVI PACIFIC INC.
TVIRD is the Philippine affiliate of TVI Pacific Inc. – a Canadian resource company focused on the production, development, exploration and acquisition of resource projects in the Philippines and Southeast Asia.
Through TVIRD, the company produced copper and zinc concentrates from its Canatuan mine and is advancing both its Balabag Gold-Silver project and the Agata joint venture projects. TVI is likewise a participant/operator in several joint venture projects in the Philippines and Papua New Guinea and also has an interest in an offshore Philippine oil property.
PRIME RESOURCES HOLDINGS INC.
PRHI is a wholly-owned subsidiary of Prime Asset Ventures, Inc. (PAVI). PAVI is a holding corporation of utilities engaged in various industries which include water distribution infrastructure, energy and power generation as well as retail distribution, cable and antennae television, and telecommunications.
MAJOR JOINT VENTURE PROJECTS WITH MINDORO RESOURCE LTD. (MRL) AND MINIMAX MINERAL EXPLORATION CORPORATION
TVIRD is advancing near-term joint venture projects in the Philippines with Mindoro Resource Ltd. (MRL) and Minerals Production Sharing Agreement (MPSA) holder, Minimax Mineral Exploration Corporation.
TVIRD’s chosen partner, MRL Nickel Philippines, Inc. (formerly MRL Gold Phils., Inc.), has consistently won major awards in the Philippine Mine Safety and Environment Association (PMSEA) competition for the past three years, including the PMIEA Best Mining Forest and Safest Exploration Award for 2011 and 2012 in the exploration category. It has received DENR commendations for its integrated coastal management programs as well as its adherence to the Philippine Mining Law.
The companies signed four joint venture agreements relating to the Agata and Pan de Azucar mining projects located in the Mindanao and Visayas regions, respectively. Under the agreements, TVIRD reserves the option to assume a majority 60% interest and will act as operator of the projects.
These projects present TVIRD, MRL and Minimax with multiple growth prospects, including mineral development and processing of high iron laterite and limestone direct shipping ores (DSOs). In the medium-term, prospects include pyrite material DSO, lime and nickel.