FCF Minerals Corporation provided a P 1-million livelihood aid for Barangay Runruno citizens in the town of Quezon, Nueva Vizcaya where it operates its gold-molybdenum mining project.
Through FCF Minerals’ Community Relations Office-Social Development Section, the said livelihood assistance called “Pondong Pangkabuhayan Program†has been giving monetary aid to the mining community since September 2018.
“The recipient livelihood groups were carefully reviewed and evaluated based on their project proposals,†FCF Minerals acting General Manager for Operations Ian Moller said in a report by Manila Standard.
Moller explained that the assistance from the company was distributed to livelihood organizations which in turn they offer to their members as loans with low-interest rates.
“In this way, their fund will further grow while their members are also benefiting with the loans they are getting. The terms of payment of four and five months and a year will depend on the kind of project that they will be pursuing,†Moller added.
Project proposals approved by the recipient livelihood organizations are piggery and tilapia production, sari-sari store, selling of used clothes, vegetable production, goat raising, soft broom making, ginger production, cow raising, rice retailing, sewing, and purchase of equipment for veggie chips production.
The development, improvement, sustainability, and success of these approved project proposals is subject to regular monitoring by the mining company.
FCF Minerals is a mining company incorporated in 2001 that engages in the exploration, development, and commercial operation of mineral claims of gold and molybdenum mining projects.
