POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

DMCI Holdings:

A Case Study of Mining Suspension

Submitted by:
Cruz Cris, John Edrick
Dela Cruz, Gelmar
Martinez, Lian Kyle Martinez
Mesias, Patricia
Sanga, Reniel
Velarde, Samantha
Year and Section:
BSE 3-3

Submitted to:
Mr. Kenneth Bernardo

Table of Contents
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2
I. Executive Summary…………………………………………………………3

II. Introduction………………………………………………………………….5

III. Background of the Business or Company………………..…………..…6

IV. Logo of the Business or Company……………………………………….7

V. Objectives of the Business or Company………………………………...8

VI. Products and Services Offered………………………………………….9

VII. Tasks

1. Financial Function Analysis……………………….…………….13

2. Organizational Analysis………………………………………….15

3. Form of Business Organization…………………………………16

VII. Financial Needs Assessment………………………………………...18

VIII. Conclusion/s……………………………………………………………21

IX. Recommendation/s………………………………………………………23

X. References…………………………………………………………..……24

XII. Appendices…………………………………………………………..…25

I. Executive Summary
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

DMCI Holdings, Inc. (DMCI) is a leading Philippine conglomerate

established in 1955 by Engr. David M. Consunji, known as the "Grandfather of 3
the Philippine Construction Industry." The company operates across diverse
sectors, including construction, real estate, energy, and mining, and was
publicly listed on the Philippine Stock Exchange in 1995. DMCI has made
significant contributions to the country's economic development while
maintaining a strong commitment to corporate social responsibility (CSR) and
environmental sustainability.

In 2016, DMCI faced substantial challenges when the Philippine

government enforced stricter regulations on mining operations, leading to the
suspension of DMCI Mining Corporation’s operations in Zambales and
Palawan. This situation resulted in a drastic reduction in production and
workforce, highlighting the need for DMCI to navigate the complex balance
between economic growth and environmental stewardship. The company has
since taken steps to address compliance issues, securing environmental
certificates and doubling nickel ore production, although regulatory hurdles
remain.

DMCI's vision is to be the leading integrated engineering and

management conglomerate in the Philippines, delivering exceptional
shareholder value and fostering employee development while integrating
sustainable practices into its operations. Key subsidiaries include D.M.
Consunji, Inc., Semirara Mining and Power Corporation, and DMCI Mining
Corporation, among others.

The company offers a wide range of services, including general

construction, energy production, water utility services, and mining operations
focused on nickel extraction for export. DMCI is recognized for its strong
commitment to community development, health, and education initiatives
aimed at minimizing environmental impacts while supporting local
communities.

With its diversified portfolio and strong management, DMCI Holdings,

Inc. is well-positioned for future growth, continuing to play a crucial role in
building key infrastructure and landmarks in the Philippines and beyond. The
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ongoing challenges in the mining sector serve as a catalyst for DMCI to

enhance its practices in sustainable mining and corporate accountability, 4
contributing to broader discussions on the future of mining regulations in the
country.

To enhance regulatory challenges first we need strengthen

environmental compliance to invest technologies and practice that ensure
compliance with environmental regulation and Training and Development:
Invest in employee training programs focused on sustainability practices and
environmental stewardship to empower the workforce and promote a culture of
responsibility within the organization.
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II. Introduction
5
DMCI Holdings, Inc. (DMCI) is a top Philippine company involved in
construction, real estate, energy, and mining. Founded in 1995,
it has helped grow the country’s economy. One of its key
businesses, DMCI Mining Corporation, extracts and exports nickel ore, a
material needed worldwide.

However, in 2016, DMCI faced one of its biggest challenges when the
Philippine government launched a crackdown on mining operations to enforce
stricter environmental rules. As a result, DMCI Mining’s operations in
Zambales and Palawan were suspended due to alleged environmental
violations and social issues. The suspension of its subsidiaries, Berong Nickel
Corporation and Zambales Diversified Metals Corporation, caused a significant
drop in production and a 62% reduction in its workforce, cutting its employees
from 550 to 207 within the first nine months of the year. These suspensions
were part of a larger audit by the Department of Environment and Natural
Resources (DENR), which affected about 20 mining companies nationwide for
failing to meet safety and environmental standards.

Despite these challenges, DMCI Mining has worked to address

compliance issues, securing environmental certificates and doubling its nickel
ore production in Zambales. However, the company continues to face
difficulties in meeting regulatory demands and obtaining permits for new
projects. To lift the remaining suspensions, DMCI Mining has submitted
additional documents to the DENR to support its appeal.

This issue highlights the need for DMCI Holdings to balance economic
growth with environmental and social responsibilities. This study examines the
2016 mining controversy, exploring its causes, the company’s actions to
address it, and its broader effects on DMCI’s operations and reputation. By
analyzing this case, the study aims to contribute to discussions on sustainable
mining practices, corporate accountability, and the future of mining regulations
in the Philippines.
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II. Background of the DMCI Holdings

6

DMCI Holdings is a diversified Philippine conglomerate involved in

various sector including real estate, energy mining, constraction, infrustracture
development. It was founded by Eng. Dave M. Consuji, also known as the "
Grandfather of Philippine Construction Industry", and was incorporated on
March 8, 1955. To unlock the potential of DMCI, it was listed in Philippine
Stock Exchange ( PSE) on December 18, 1995 under stock symbolic DMC. It
has several subsidiaries, including D.M. Consunji, Inc., DMCI Project
Developers, Inc., Semirara Mining and Power Corporation, DMCI Power
Corporation, and DMCI Mining Corporation.

DCMI is one of the highest dividend paying stocks in the local market
and has continuously scored high in the ASEAN Corporate, Governance
Scorecard ( ACGS) since 2015. the company was recognized as one of the
Top ASEAN Asset Class Publicly Listed Companies at the 2019 ACGS award.

DCMI programs prioritize the environmental sustainability, community

development, health, and education, DMCI Holdings also places a strong
emphasis on corporate social responsibility, or CSR. Through a variety of
outreach initiatives, they hope to lessen the environmental effects of their
mining and energy operations while also assisting local people.

DCMI holdings inc. , stands and plays a significant role in building

landmarks and key infrastructure in the Philippines and other parts of the world
and became the largest and most reputable construction company in the
country. The company shows in a well- positioned for future growth with its
diversified and strong management.

IV. Logo of the DMCI Holdings

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V. Objectives of DMCI Holdings

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Our Vision

We are the leading integrated engineering and management

conglomerate in the Philippines. Through our investments. We are able to do
the following:

Deliver exceptional shareholder value

Motivate and provide employees with opportunities and just rewards to
achieve their full potential
Cultivate progress in remote areas, unserved markets and growth
industries
Integrate sustainable development with superior business results through
principled contracting and innovate engineering

Our mission

To invest in engineering and construction related businesses that bring

real benefits to people and to the country
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VI. Products and Services Offered by DMCI Holdings

9
DMCI Holdings, Incorporated, a publicly-listed company in the
Philippines, operates as a diversified engineering and infrastructure
conglomerate. Its business portfolio includes construction, real estate
development, energy, water services, and mining. Below are he key
products,services,and offerings of DMCI Holdings:

1.Construction Services

DMC Consunji,Inc.(DMCI):

DMCI provides general construction services, including engineering,

procurement, and construction(EPC). It specializes in large-scale infrastructure
projects,including roads,bridges,airports,and commercial buildings.

2.Energy

Semirara Mining and Power Corporation(SMPC):

SMPC is the largest coal producer in the Philippines. It also operates

coal-fired powerplants, providing affordable and reliable energy to the country.

3.Water Utility Services

Maynilad Water Services,Inc.:

DMCI has a stake in Maynilad, one of the two major water

concessionaires in Metro Manila.It provides water distribution, waste water
management, and related services.

4. MiningNickel Mining:

DMCI Mining Corporation engage in nickel or reproduction, primarily

exporting high-grade nickel or international markets,particularly China.
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5.Construction Materials
10
D.M.ConsunjiAggregates,Inc.(DMCA):

DMCI A produces and supplies construction aggregates, such as sand,

gravel, and crushed stone, use various infrastructure.projects.

DMCI Holdings, Inc. is a publicly listed holding company in the

Philippines that consolidates the construction, mining, power, and water
distribution businesses of the Consunji family. The company's structure is
complex, with numerous subsidiaries and affiliates, making it difficult to identify
specific appendices without further context. However, based on the provided
search results, we can identify several key areas that could be considered
appendices:

1. Subsidiaries and Affiliates

DMCI Holdings has a diverse portfolio of subsidiaries and affiliates operating in
various sectors.

These include:

D.M. Consunji, Inc. (DMCI): A wholly owned subsidiary engaged in general

construction services and construction component businesses.

DMCI Project Developers, Inc. (PDI): Another wholly owned subsidiary

involved in construction and real estate development, primarily through
minority interests in various projects

Semirara Mining and Power Corporation (SEMIRARA): A 56%-owned

subsidiary engaged in coal exploration, mining, and development.

DMCI Mining Corporation: A 100%-owned subsidiary involved in ore and

mineral mining and exploration

DMCI Power Corporation: A 100%-owned subsidiary engaged in power plant

design, construction, investment, and operation.

DMCI-M PIC Water Company, Inc. (DMWCI): A joint venture holding

company with a 92.85% stake in Maynilad Water Services, Inc.

Private Infra Dev Corporation (PIDC): An affiliate involved in infrastructure

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development.
11
2. Corporate Governance and Sustainability

DMCI Holdings emphasizes good corporate governance and sustainability

practices.

Appendices could provide:

Board of Directors and Management Team: Information on the composition,

roles, and responsibilities of the board and key executives.

Corporate Governance Policies: Detailed descriptions of the company's

governance framework, including policies on board independence, executive
compensation, and shareholder rights

Sustainability Reports: Comprehensive reports outlining the company's

environmental, social, and governance (ESG) performance, including initiatives
to reduce carbon emissions, promote diversity and inclusion, and contribute to
community development

3. Financial Information

Appendices could include:

Annual Reports: Detailed financial statements, including balance sheets,

income statements, and cash flow statements

Quarterly Reports: Interim financial reports providing updates on the

company's performance.

Key Financial Ratios: Analysis of the company's financial performance using

various ratios, such as profitability, liquidity, and leverage

4. Project Details

Appendices could provide detailed information about specific projects

undertaken by DMCI Holdings and its subsidiaries, including:
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Construction Projects: Descriptions of major infrastructure projects, such as

bridges, roads, buildings, and power plants. 12

Real Estate Developments: Information on residential, commercial, and

industrial projects, including location, amenities, and pricing.

Mining Operations: Details on the company's mining activities, including

resource reserves, production volumes, and environmental impact

5. Other Relevant Information

Awards and Recognition: A list of awards and recognitions received by DMCI

Holdings and its subsidiaries for their performance, innovation, and
contributions to the community

Industry Reports: Relevant industry reports and analyses providing insights

into the construction, mining, power, and water sectors in the Philippines

Glossary of Terms: Definitions of key terms and concepts related to DMCI

Holdings' business operations.
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VII. Tasks
13

1. Finance Function Analysis:

Investment Decisions:
The suspension of DMCI’s mining operations affects their ability to prioritize
key projects. This could mean delays in new mining developments or shifting
investments to other industries, like construction.

Financing Decisions:
DMCI may need to find ways to fund its operations despite losing income from
mining. They could borrow money, use their savings, or depend on their other
business units to stay afloat.

Dividend Decisions:
With profits from mining affected, DMCI might reduce or stop paying dividends
to shareholders to save money for operations.

Impact on Business Goals and Operations:

The suspension disrupts DMCI’s plans, like growth or expansion, and puts
pressure on their finances. It could also damage their reputation, making it
harder to achieve their long-term goals.

DMCI Holdings' financial strategy during mining suspensions will shift

towards real estate or infrastructure, managing existing debt and exploring
alternative revenue streams. Dividend decisions may be impacted, potentially
leading to reduced payouts or suspension of dividends. The company will
prioritize cost-cutting, efficiency improvements, maintaining a strong credit
rating, and increasing legal and regulatory compliance. Communication with
investors is crucial, emphasizing the temporary nature of the suspension and
recovery strategies.

We have been faced DMCI Holding as a result of the suspension of its

mining operations, which has affected its entire strategy, growth prospects,
and financial performance. The outcome of the appeals and the company's
dedication to environmental stewardship will determine its capacity to
overcome these obstacles and carry on with its mining operations. To maintain
its long-term viability, DMCI will have to manage its cash flow, deal with the
financial effects of the suspensions.
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DMCI Holdings, Inc. is a publicly listed company in the Philippines that

operates in various sectors, including construction, mining, power generation, 14
and real estate.

DMCI Holdings' investment decisions in mining are guided by a

combination of responsible mining practices, cost-efficiency, and a focus on
maximizing shareholder value. The company's nickel mining operations are
subject to market fluctuations and regulatory challenges, but its commitment to
responsible mining and its position in a growing global market suggest a
continued presence in the mining sector.

DMCI Holdings utilizes a combination of internal resources and external

financing to fund its mining operations in Palawan and Zambales. The
company's funding strategies are driven by market conditions, financial
performance, and a commitment to responsible mining practices.

These functions are essential for the long-term success of DMCI Holdings
as a diversified conglomerate. they are the foundation for achieving the
company's strategic goals. They enable the company to grow, manage risks,
optimize profitability, and maintain a strong financial position.

Mining suspensions significantly disrupt DMCI Holdings' investment

financing and dividend decisions. They force the company to prioritize legal
compliance, adjust capital expenditure allocations, and potentially modify
dividend payouts. The suspension of DMCI Mining's operations presents a
significant challenge for DMCI Holdings, which affecting their revenue,
profitability, growth prospects, and shareholder value. DMCI holdings needs
navigate this challenge strategically and maintain their strong financial position
to mitigate the long term financial implication of the suspension.

The suspension of mining operations has highlighted the financial risks

associated with DMCI Holdings' mining investments. The company's reliance
on coal and nickel mining, coupled with the volatility of commodity prices and
the potential for regulatory challenges, has created significant uncertainty for
investors.
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2. Organizational Analysis:
15
DMCI Holdings, a publicly listed corporation, faces structural challenges
during mining operation suspensions due to its complex corporate structure.
To improve its position for venture financing, the company could create a
separate, agile subsidiary focused on mining operations, allowing for faster
response to regulatory changes and operational disruptions, and
demonstrating transparency and risk management.

The DMCI mining operations suspensions brought to light how crucial

flexibility, while negotiating a changing regulatory landscape. In the end, the
company's response showed its dedication to environmental stewardship,
compliance, and diversity, which helped it weather the storm and come out
stronger to reduce risk. DMCI's experience provides a useful highlighting the
necessity of proactive management and a varied business portfolio.

The suspension of DMCI's mining operations was a significant event that

had a profound impact on the company's operations, finances, and reputation.
While the experience presented significant challenges, it also provided an
opportunity for DMCI to learn and adapt. The company's commitment to
environmental sustainability, social responsibility, and community engagement
has become increasingly important in the context of the evolving mining
landscape. The future of DMCI's mining operations will depend on its ability to
navigate the complex regulatory environment, maintain sustainable practices,
and build strong relationships with local communities.

Current Organizational Structure:

DMCI is a corporation with different business units like mining, construction,
and power. This structure helps them balance risks across industries.

Strengths and Weaknesses:

A strength is their diversified portfolio, which means they’re not 100%
dependent on mining. A weakness is that mining is still a big part of their
income, so the suspension hits them hard.

Proposed Adjustments:
DMCI could explore renewable energy or sustainable practices to avoid future
suspensions. They might also form partnerships to share risks.

The company is actively working to address the suspension issues and

secure permits for their mining operations for both Berong Nickle Corporationa
and Zambalez Diversified Metal Corporation. They have filed appeals against
the suspension orders and are committed to resolving environmental concerns
and complying with government regulations. Berong Nickle Corporation resume
it's operation while the Zambales Diversified Metal corporation remain
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suspended. It is crucial to monitor future news and regulatory updates to

understand the ongoing status of DMCI Holdings' mining operations and any 16
potential changes related to mining suspensions.
This challenge give the DMCI holding the opportunity to seek for improvements
and focus on legal and regulatory compliance while being flexible as other
subsidiaries continues to operate. As this challenge continues, it creates DMCI
uncertainty on their employees, investor s and overall business environment
that led to instability of the business that resulting negative financial impact.

The suspension of mining operations has had a significant impact on

DMCI Holdings' organizational structure and operations. The company has had
to make difficult decisions regarding its workforce, management, and decision-
making processes. However, the suspension has also provided an opportunity
for the company to improve its sustainability practices, strengthen its
organizational structure, and position itself for future growth. The company's
ability to navigate these challenges and capitalize on these opportunities will be
crucial for its future success.
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3. Form of Business Organization 17

DMCI Holdings, a publicly listed corporation, faces structural challenges

during mining operation suspensions due to its complex corporate structure.
To improve efficiency and attract investors, the company could create a
separate, agile subsidiary focused solely on mining operations. This would
allow for greater autonomy and speed in responding to regulatory changes or
operational disruptions, while demonstrating a proactive risk management
approach and enhancing the attractiveness of future investment opportunities.

DMCI’s current business organization is not a typical match for venture

financing, as the company is established and large, while venture financing is
more suited to smaller, high-growth companies in the early stages of
development.

DMCI Holdings Inc.'s holding company structure has been successful in

consolidating its diverse businesses and achieving growth. However, the
suspension of its mining operations highlights the challenges this structure
presents for supporting venture finance. The company's focus on established
businesses and short-term returns may limit its willingness to invest in high-risk
ventures. Alternative structures or strategic partnerships may be more suitable
for companies seeking to support venture finance.

Assessment of Alignment with Venture Financing Requirements:

DMCI’s corporate structure helps them access big investments, but they
might need to explore joint ventures or public-private partnerships to raise
money during this crisis.

DMCI Holdings could explore venture finance and alternative business

structures to navigate the challenges of the mining suspension. By focusing on
environmental sustainability, regulatory compliance, and engaging with
stakeholders, DMCI could attract investors and potentially resume operations
in a more responsible manner.

DMCI Holdings is a publicly listed company in the Philippines, operating

under a conglomerate structure. This means it is a large corporation with
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multiple subsidiaries that operate in various industries, including mining. The

mining operations are primarily conducted through two subsidiaries: Semirara 18
Mining and Power Corporation for coal mining and DMCI Mining Corp. for
nickel mining.

VIII. Financial Needs Assessment

DMCI Holdings' financial goals and objectives are to maintain profitability

across its diverse business segments, including construction, mining, power,
and water services, while also prioritizing sustainable growth and expansion
into new markets. This involves optimizing financial ratios, managing debt
levels, and strategically allocating capital to new ventures. DMCI Holdings is
seeking venture financing to enter the Philippine palm oil industry, specifically
focusing on African palm oil, carbon credits, and rubber.

Detailed assessment of the business or company’s financial goals

and objectives

DMCI Mining Corporation’s financial goals focus on ensuring profitability,

managing costs, and maintaining regulatory compliance. Key objectives
include increasing revenue through expanded production, reducing operational
costs with efficient technologies, and securing environmental permits. The
company aims to strategically allocate capital to high-priority projects while
managing risks like fluctuating commodity prices and regulatory changes. It
also seeks to maximize shareholder value through consistent returns and
dividends, invest in community development, and maintain a healthy balance
sheet with optimal debt management. These goals aim to support long-term
growth and financial stability while ensuring responsible mining practices.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

Describe the purpose of the venture financing sought by the

company (e.g.. expansion, product innovation, operational scaling). 19

The purpose of the venture financing sought by DMCI Mining

Corporation is primarily for expansion and operational scaling. The company
aims to increase its mining capacity by securing new mining sites, upgrading
infrastructure, and improving production efficiency. Financing will also be used
to ensure compliance with environmental regulations, acquire necessary
permits, and implement sustainability initiatives. This funding will support
capacity expansion to meet growing demand, as well as the scaling of
operations to optimize costs and improve profitability. Ultimately, the venture
financing will enable the company to strengthen its market position and support
long-term growth.

Estimate the required financing amount and justify it based on the

company’s goals and strategic plans.

A number of financial requirements must be met by the diverse

Philippine conglomerate DMCI Holdings in order to sustain its expansion and
competitive advantage. The company's primary operations—construction,
mining, power, and water distribution—require significant capital expenditures,
especially for infrastructure projects, mine development, and power plant
upgrades. Effective working capital management is essential for handling
these companies' lengthy lead times and inventory requirements. For strategic
expansion, DMCI Holdings also depends on debt financing; in spite for that, it
must carefully control debt levels and interest rate risk.

Three Venture Financing Options:

1. Joint Ventures: As seen by their collaboration with Taisei Corporation in

the Taisei-DMCI Joint Venture, DMCI Holdings has previously shown that they
are open to entering into joint ventures. With this strategy, they can pool
resources and risks with other businesses, especially for major projects or
endeavors with specialized knowledge. By looking for joint venture partners in
other industries or geographical areas, DMCI might further utilize this
technique, possibly reaching a wider audience and tapping into global markets.

2.Private Equity Financing: For certain projects or subsidiaries, especially

those with strong growth potential or requiring sizable capital expenditures,
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DMCI Holdings may choose to look into private equity financing. Private equity
firms frequently contribute access to capital markets, industry-specific 20
knowledge, and an emphasis on value generation. Projects with longer growth
goals or those requiring a sizable upfront investment may find this option
appealing.

3. Strategic Purchases: As seen by their 56.65% ownership of Semirara

Mining and Power Corporation and their 100% ownership of DMCI Homes,
DMCI Holdings has a history of making strategic purchases. They can take
over companies that already have established market positions and expertise
thanks to this strategy. By finding businesses with complementary skills or
those in promising growth industries, DMCI may carry on with this strategy and
broaden their portfolio and market reach.
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IX. Conclusion

The analysis of DMCI Holdings emphasizes the need to align financial

strategies with business objectives, particularly during challenges like a mining
suspension. While the current corporate structure supports diverse operations,
it lacks the agility required for rapid crisis adaptation. To secure venture
financing, the company must present a clear recovery plan and a diversified
business model, focusing on alternative revenue streams, legal compliance,
and sustainable practices. By balancing shareholder returns with strategic
investments, DMCI Holdings can enhance its resilience and position itself for
future growth.

The key insights is focusing companies of DMCI Holdings can navigate

the challenges of the current market and position themselves for long-term
success. The success of DMCI Holdings depends on its capacity to match its
financial plans with its wide range of corporate and dedication to sustainability.
In order to ensure sustainable growth and value creation for all stakeholders,
the company's, risk management strategy.

The suspension shows that DMCI relies too much on mining and needs
to diversify more. It’s important for the company to improve their financial
planning and look for sustainable ways to grow.

DMCI had been significantly affected by the suspension of their mining

subsidiaries but also shows that they navigate this challenge by focusing on
the other subsideries. For DMCI Holdings, venture financing is a useful
instrument as it works through the difficulties posed by its mining suspension. It
has the potential to draw in investors who place a high value on environmental
responsibility, encourage the adoption of sustainable mining techniques, and
supply the funding required for environmental cleanup.

DMCI Holdings' mining operations have faced significant challenges in

recent years, particularly with the suspension of its nickel mines. However, the
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company has demonstrated resilience and a commitment to resolving the

issues that led to the suspensions. DMCI Holdings has taken steps to address 22
environmental concerns, improve communication with stakeholders, and
secure necessary permits for its mining operations.

Key Insight's
- needs financing aligning with responsible mining and sustainability.
- The holding company structure may lack flexibility for new ventures.
- Focus on established businesses limits high-risk investments.

- Financial strategies must align with overall business goals.

DMCI's success depends on aligning financial plans with its sustainability

goals and operational flexibility. Strategic partnerships can help fund high-risk
ventures. This alignment ensures long-term growth and shareholder value.
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XI. Recommendation

Given DMCI Holdings' current situation, the most suitable venture

financing option would be a strategic partnership with a company specializing
in renewable energy or infrastructure. This aligns with the company's need to
diversify its portfolio and mitigate future risks associated with mining
operations.

We need to follow all the requirements of governments for the the safety,
and Advocating policy could involve working together to promote responsible
mining practices, address concerns about environmental impact By taking the
actions, the business can successfully obtain and apply funding, maximizing its
chances of success and ensuring that its financial plans complement its for the
long-term.

In the end, DMCI can help create a more accountable and ecologically
conscious mining industry by using venture finance to help it come out of the
suspension phase with a better financial position and a dedication to
sustainable mining practices. DMCI should consider borrowing money or
looking for investors to stay stable.They should also work on improving their
environmental and legal compliance to avoid future suspensions.Diversifying
their projects, like focusing more on construction or energy, could help them
reduce risks.

DMCI Holdings has already demonstrated a commitment to

environmental compliance, which has been crucial in lifting suspension orders.
The company should continue to invest in environmental monitoring,
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implement best practices, and proactively address any potential

concerns.DMCI Holdings should continue to engage with communities, 24
address concerns transparently, and demonstrate a commitment to
responsible mining practices.DMCI Holdings has a strong presence in coal
mining, but diversifying its portfolio into other minerals or renewable energy
sources could reduce its reliance on volatile commodities.

To secure venture financing, DMCI Holdings should diversify funding

sources, develop a compelling business plan emphasizing sustainable
practices, and proactively manage regulatory compliance. A phased
implementation plan, including market research and community engagement,
is crucial. Risk mitigation strategies should be integrated throughout,
addressing market fluctuations and potential operational challenges.
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XII. References

DMCI Holdings | About. (n.d.).

DMCI Holdings | Governance. (n.d.).

DMCI Holdings Inc’s dividend analysis.

DMCI Holdings | Investments. (n.d.).

Construction, R. E. &. (2022, November 29). DMCI Holdings’ Consunji aiming

for a “game-changing venture into the Philippine palm oil industry.
Medium.

GMA News Online. (2021b, March 5). DMCI Holdings net income plunges 44%
in 2020 as pandemic bites. GMA News Online.

Homes, D. (2011, December 19). DMCI Holdings: Working Together for

Economic growth. DMCI Homes.

Macroaxis LLC (www.macroaxis.com). (n.d.). What is DMCI Holdings Buy or

Sell 2025 forecast | PH:DMC - Macroaxis. Macroaxis.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

The Worldfolio. (n.d.). Fast track to the future. Theworldfolio.

26
Prezi, M. O. O. (n.d.). DMCI organizational structure. prezi.com.

XII. Appendices

Figure 1: Logo of DMCI Holdings

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Figure 2: Organizational Chart of DMCI Holdings