Company Profile

  • Established on August 12, 1903, is the first and oldest mining company in the Philippines.
  • Carries an impressive portfolio of expanding gold and nickel mining operations across the country using implementing global best practices and cutting-edge technology.
  • Upholds its commitment to be a socially-responsible company by implementing environmental and social development programs that protect and improve

Our Company

Benguet Corporation (the “Company”, “Benguet”) is the oldest mining company in the Philippines and is the country’s recognized pioneer of modern mining. Established on August 12, 1903 as 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, as the Philippine mining industry went through a difficult period, the Company likewise suffered a decline. Its operations were gravely affected by natural calamities such as the Baguio earthquake in 1990 and the Mount Pinatubo eruption in 1991, countless typhoons, and other external factors such as low metal prices and the 1997 Asian currency and economic crisis. All these led to the suspension of operations of the Company’s BGO in 1992, PGO in 1993, BAGO in 1998; and the Company’s decision to sell its remaining interest in DCO in 1997. The Company also turned over MCO to the claim owner in July 2007 due to the expiration of the operating contract.

In 2003, it reopened BGO on a limited scale through the Acupan Contract Mining Project (ACMP) now renamed as the Acupan Gold Project (AGP), developed Sta. Cruz Nickel Project (SCNP) in 2007, and continued to review and package its various mineral properties for future development or sale. It invested in the development of the Balatoc Tailings, and Surigao Coal projects, and the expansion of AGP. It continued to hold interest in the Acupan Gold, Ampucao Gold Copper, Pantingan Gold, Benguet Oreline Contract Operation (BOLCO), and the Ilocos Norte and the Kalinga Financial or Technical Assistance Agreement (FTAA) prospects. It likewise resolved a long standing issue with the claimowner of the Kingking Project in 2010.

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.


Benguet Corporation aims to be a responsible profitable and growth oriented conglomerate engage in natural resource development. In furtherance of this mission,

Management is committed to:

  • Maximize share prices and profitability through growth in earnings and in tangible asset value;
  • Be a socially responsible and environment-conscious corporate citizen adhering to the highest ethical business standards;
  • Create high value-added and portfolio-stabilizing business opportunities preferably in natural resource-based endeavors through strong exploration, research and development programs;
  • Achieve competitiveness and excellence as a natural resource company through the enhanced productivity of its people and through the improvement in the quality of life of its employees and their families, and its host communities.


Benguet Corporation shall be the leading Philippine conglomerate engaged in sustainable natural resource development and nurturing mutually beneficial relationships with its shareholders, employees, communities, and environment and the nation.


Benguet Corporation’s basic manpower management objective is to develop exceptionally-motivated employees who will achieve exceptional results for the collective benefit of the employees themselves, the shareholders of the corporation, the community in which the corporation operates, and the nation which provides the resources without which the corporation would be unable to function. In order to achieve this basic objective, the corporation commits itself unequivocally:

  • To the underlying ethic that exceptional results are only achievable through exceptional efforts;
  • To reinforce this ethic by requiring all officers and senior managers to set a personal example of hard work and professional integrity;
  • To achieve exceptional growth and profitability in order to create exceptional opportunities for individual advancement;
  • To hire employees best suited to the jobs they will occupy and to train exceptionally talented individuals for leadership positions at all levels;
  • To adhere to a merit system which measures individual performance objectively and with regular frequency;
  • To help improve the performance of substandard or mediocre performers constantly at all levels of the organization, and failing this, to replace them with other more capable;
  • To provide a working atmosphere which respects the rights of every individual, promotes safe working conditions and is conducive to accomplishing the work required;
  • To encourage honest and open two-way communications at all levels of the corporate organization;
  • To discourage resistance to change and constantly challenge the validity of the status quo in any aspect of the company’s activities;
  • To develop an esprit de corps which engenders a sense of pride in every employee that he is working for a progressive, profitable and responsible enterprise which makes an important contribution to the development of the nation.

Benguet Management Corporation

Benguet Management Corporation is a wholly owned subsidiary of Benguet Corporation engaged in non-mining businesses.
Arrow Freight and Construction Corporation

Incorporated in 1962, Arrow Freight Corporation (AFC) is a wholly owned subsidiary of Benguet Management Corporation. AFC is the general contractor of Benguetcorp Resources Management Corporation in Sta Cruz, Zambales, where it deploys various equipment consisting of excavators, bulldozers, graders, compactors, loaders, water trucks and dump trucks. In February 2023, AFC amended its Articles of Incorporation and changed its name to Arrow Freight and Construction Corporation (AFCC), expanding its services from logistics to include construction business. It also increased its capitalization for its business expansion as AFCC has plans to purchase additional equipment to handle construction and aggregates projects.


Benguetrade, Inc. (BTI) is a wholly-owned subsidiary of Benguet Management Corporation.  BTI is engaged in the trading of equipment, materials and supplies for mining companies and other industries as well.

BMC Forestry Corporation

Formerly Heald Lumber, it was incorporated on April 20, 1934. The Company changed its corporate name to BMC Forestry Corporation (BFC). BFC is a wholly owned subsidiary of Benguet Management Corporation (BMC). BMC in turn, is owned 100% by Benguet Corporation to handle its non-mining interests.
BFC is the real estate arm of Benguet Group. Its first real estate project was in 1981, the Woodstown Condominiums in the former Camp 8 office of BFC at Wagner Road, Baguio City. In 1988, BFC started developing BMC’s Camp 7 property into a subdivision named Woodsville, followed by the Woodsdale Subdivision in 1998 at Virac, Itogon, Benguet and on February 28, 2013 completed another housing project, the Woodspark Subdivision, in Brgy. Conception, Rosario, La Union.
BFC manages the Irisan Lime Project which has capacity to produce 60 metric tons of burnt lime per day through its three vertical shaft kilns.

BenguetCorp Laboratories, Inc.

Benguet Laboratories is a healthcare services provider of BenguetCorp for more than 90 years now. It was founded in 1930. It initially catered and served the medical needs of BenguetCorp employees’ and was first housed at Notre Dame Hospital located in the City of Pines, Baguio City.
In 1987, realizing the importance of providing medical services to an expanding population, Benguet Laboratories opened its services to the public.
To achieve its goal of attaining bigger market share, in 2004 Benguet Laboratories moved to the City’s central business district. It also added Clinic Management as its new service to meet the high demand of corporate clients. Accreditation with the various Health Maintenance Organization (HMO) also started in same year.
In 2012, Benguet Corp spun off the business and created a wholly owned subsidiary, BenguetCorp Laboratories, Inc (BCLI). It operated five full-fledged clinical laboratory and multi-specialty facilities: two clinics in Baguio City under the trade name Benguet Laboratories and the new MedCentral with three facilities situated in San Fernando Pampanga, Taytay and an Oncology Clinic in Makati.
In January 3, 2018, BCLI’s Baguio clinics was awarded ISO 9001:2015 Certification on Quality Management System (QMS) by the certifying body, TUV Rheinland. Patients are assured of receiving medical care aligned with globally accepted standards of quality management. The facility is also the only free-standing private clinic in Baguio City that is ISO Certified.
In 2018 and 2019, the MedCentral’s Oncology clinic and the facilities in San Fernando Pampanga and Taytay ceased operations, respectively, due to financial constraint and tight competition of the same business in the area. The Baguio clinics however, continue to flourish despite the challenges brought about by pandemic.
Pursuant to its social responsibility, BCLI continue to provide free services and participate in medical and dental mission to the surrounding communities.
An expansion and roll out program are being planned for additional primary care facilities within the Luzon corridor to include a Center for Hemodialysis in order to meet the growing demand for dialysis clinics.

BenguetCorp Resources Management Corporation

Benguetcorp Resources Management Corporation (BRMC) (formerly Benguetcorp Nickel Mines, Inc. (BNMI) is a wholly owned subsidiary of Benguet Corporation (BC). Incorporated in October 2, 2009, BRMC is engaged in the business of nickel ore production. It holds office at MJM Building, Lipay, Sta. Cruz, Zambales.
BRMC holds the right to operate and develop BC’s Sta. Cruz Nickel Project (SCNP). SCNP is covered by an approved Mineral Production Sharing Agreement (MPSA) No. 226-2005-III, which BC transferred to BNMI on December 10, 2010 in exchange for equity. The Securities and Exchange Commission (SEC) approved on February 28, 2011, the increase of capital stock of BRMC from 10.0 million shares to 2.0 billion shares.
In addition to mining and direct ore shipment, BRMC is venturing into the related business of renewable energy.