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PIA Press Release

SMI renders 2009 sustainability performance report

General Santos City (11 June) -- The Sagittarius Mining, Inc.disclosed the milestones achieved on sustainable performance in the Tampakan Project for the year 2009.

In a brief program held at East Asia Hotel in this city held on June 7, Roy Antonio, SMI corporate affairs manager said the 2009 sustainable report was prepared in accordance with the Global Reporting Initiative (GRI) which according to him is the world's most used sustainability reporting framework.

Corresponding the achievements, Antonio cited the 2009 Presidential Mineral Industry Environment Award bestowed on SMI as a result for the company's outstanding practices in safety and health, environment and community development.

There was no recordable injury in the almost five million work hours registered, the corporate affairs managers stated.

SMI, according to Antonio, conducted public consultation meetings on Mine Environmental and Social Impact Assessment (ESIA) with 94 stakeholder groups consisting of 2,863 individuals.

Antonio revealed that SMI invested 79 million pesos on corporate social involvement programs to include education, health, livelihood and capacity-building ventures that provide real and long term benefits for local communities.

He added that the company extended financial support for the education of 14,332 elementary, high school, and college students.

Antonio said SMI has contributed 1.3 billion pesos to the Mindanao and Philippine economies in terms of employment, annual wages, purchase of goods and services, payment of taxes to the government, power and fuel charges, community partnerships, and sponsorship donations.

The Tampakan Copper-Gold Project of SMI is located on the Southern Philippine island of Mindanao, approximately 65 kilometers north of General Santos City. The Project is situated on the boundaries of four provinces: South Cotabato, Sarangani, Sultan Kudarat and Davao del Sur, and represents one of the largest undeveloped copper-gold deposits in the Southeast Asia-Western Pacific region. (OTS/PIA-12) [top]

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