Marcventures allots some of SDMP funds to 33 ‘non-mining’ communities
Marcventures Mining and Development Corporation (MMDC) extended the use of its Social Development and Management Program (SDMP) funds to outside of its 4,700-hectares mining area.
MMDC said these “non-mining communities” – consisting of 33 barangays in the Surigao del Sur towns of Cantilan, Carrascal and Madrid – are allocated P100,000 per year from the company’s SDMP funds.
“As a catalyst for community development, mining firms like Marcventures view the distribution of opportunities from mining operations as an important part of doing business,” said MMDC Assistant Vice President for Social Commitments Jose Dagala.
“While we are not required by law to allocate development funds for communities outside those that are directly affected by our operations, we still do this with the consent and cooperation of our host mining communities,” he added.
For 2018, MMDC has allocated P3.3 million for non-mining communities.
Residents of these villages benefit from financial assistance ranging from farm productivity support, construction of vital community facilities such as streetlights and water system, enterprise development assistance, skills training, health assistance, and even scholarships for college students.