Bicol Region (Region V)
FY 2024 Country Report Data • Community Factsheet Series
Regional Mining Fact Sheet: Bicol
Commodity: Limestone, perlite, kaolin, bentonite, gold, silver, copper, other metallic mines
Key Provinces: Albay, Camarines Norte, Masbate
Region V's metallic mining is centered in Aroroy, Masbate — home to Filminera Resources Corporation, operator of the Masbate Gold Project, one of the country’s largest gold mines.
Active Operators (FY 2024)
- Filminera Resources Corporation
- Ibalong Resources and Development Corporation
- Ibalong Resources (Operator: Dinapigue Mining Corporation)
- Johnson Gold Mining Corporation
- UBS Marketing Corporation
Employment in the Mining Sector (FY 2024)
Total employees
34,167
Female share
16.63%
Gender Breakdown
- Male: 83.37% (28,484)
- Female: 16.63% (5,683)
National Wealth Contribution
| FY 2023 | FY 2024 |
|---|---|
| ₱45,395,435 | ₱157,555,898 |
Reconciled Amount Paid to Region V LGUs (FY 2024)
| Company | LGU | Payment |
|---|---|---|
| Filminera Resources Corporation | Aroroy | 74,099,031.83 |
| Filminera Resources Corporation | Masbate | 26,521,100.37 |
| Ibalong Resources and Development Corporation | Camalig | |
| Johnson Gold Mining Corporation | Jose Panganiban | |
| UBS Marketing Corporation | Legaspi City | |
| Total | ₱100,620,132.20 |
Region V total LGU collections: ₱100.620 M.
Company Payments to Government (FY 2024)
| Company | Agency | Payment |
|---|---|---|
| Filminera Resources Corporation | BIR | 1,192,822,423 |
| Filminera Resources Corporation | BOC | 41,900,041.78 |
| Filminera Resources Corporation | LGU | 100,620,132.20 |
| Filminera Total | 1,335,342,597 | |
| Ibalong Resources (Dinapigue Operator) | BIR | 11,583,617.55 |
| UBS Marketing Corporation | BIR | 4,802,089.87 |
| Total National Revenues | ₱1,351,728,304.02 |
How Revenues Flow to Your LGU
pay taxes
BIR • BOC • LGU
to host LGU
SHES Expenditures (FY 2024)
| Company | 2024 |
|---|---|
| Filminera Resources Corporation | |
| Ibalong Resources (Dinapigue Operator) | |
| Johnson Gold Mining Corporation | |
| UBS Marketing Corporation | |
| Total | - |
No SHES contributions were reported for FY 2024.
Why This Matters
Companies disclose what they pay. Government discloses what they receive. An independent administrator checks the match.
Communities near mines have the right to know what revenues are generated and what portion reaches their LGU.
Mining companies must legally fund SDMP and EPEP programs — obligations communities can monitor.
How to Raise Concerns
Email: [email protected]
FB Page: Philippine EITI
LinkedIn: Philippine Extractive Industries Transparency Initiative
A government-led, multi-stakeholder initiative implementing EITI, the global standard that promotes the open, accountable management, and good governance of oil, gas, and mineral resources. PH-EITI was created on 26 November 2013 through EO No. 147, s. of 2013. It is a government commitment first announced through EO No. 79, s. of 2012.