Benguet Corporation (BC) was established on August 12, 1903 as Benguet Consolidated Mining Company. It changed its name to Benguet Consolidated, Inc. in 1956, and finally to its present corporate name in 1980. BC was publicly listed on January 4, 1950. The company explores for mines, currently produces and markets gold, refractory chromite, nickel laterite ore, limestone and aggregates; and through its subsidiaries, provides eco-tourism, engineering and construction, reforestation, trucking and warehousing services, sells industrial equipment and supplies, and develops water resources and real estate projects. BC, in its more than 100 years of existence, has staked claims on various mineral properties which are now in various stages of business development. These include the Kingking Porphyry Copper Gold, Sta. Cruz Nickel, Surigao Coal, Acupan and Ampucao Gold Copper, Pantingan Gold, Ilocos and Kalinga-Apayao mineral prospects, all projected to be major long-term revenue earners for the company. BC was also recently selected as the partner of the Balatoc Sub-Tribe of Kalinga, represented by Balatoc Kalinga Tribe, Inc. and Balatoc Tribe Exploration and Mining Corporation, in the re-opening and development of the Batong Buhay Mines located in Kalinga Province. Aside from its core business of mining and mineral exploration, the company also established Benguet Management Corporation (BMC) in 1980, a wholly owned non-mining subsidiary, primarily to invest in projects and enterprises that diversify, stabilize and strengthen the investment portfolio of the Benguet Group of Companies. Source: SEC Form 17-A (2008)