1

Corporate Structure:

• JFE Mineral Co. Ltd., Jp. (100)

• Capital Stock @ Php5 par value

Authorized – Php 387,000,000

Issued - Php 375,000,000

2

Corporate Highlights:1973 – Kawatetsu Mining Co. Ltd. identified a sizeable limestone deposit at Garcia -

Hernandez, Bohol; and dolomite deposit at Alcoy, Cebu, Philippines;

1974 (Dec.) – Philippine Sinter Corporation was established.

– Initiated development of the limestone deposit;

1977 (Feb.) – Bohol Limestone Mine started commercial operation under Philippine Sinter Corporation (subsidiary of JFE Steel, formerly Kawasaki Steel Corporation)

1980 (Jun.) – Established Philippine Mining Service Corporation (PMSC);

– Initiated development of the dolomite deposit;

1981 (Oct.) – Started commercial dolomite production;

2001 (Apr.) – PMSC acquired Bohol Limestone Mine from Philippine Sinter Corporation;

2006 (Mar.) – PMSC was certified to ISO 9001 (QMS).

2017 (May) – PMSC was certified to ISO 14001 (EMS)3

Location

Alcoy

(Dolomite Plant)

4

Garcia-Hernandez

(Limestone Plant)

CEBU

BOHOL

Accessibility

Manila,

Philippines

Bohol Limestone Mine(Garcia-Hernandez, Bohol)

Dolomite Mine(Alcoy, Cebu)

CebuPlane

(1.25 Hrs.)

(1.25 Hrs.)

Car

(2.5 Hrs.)

(1.0 Hr.)

Ferry Boat

(2.0 Hrs.)

5

6

Limestone Plant (Garcia-Hernandez, Bohol)

7

Mineral ReserveLimestone (Bohol): 400 Million Tons

8

LIMESTONE PLANT PRODUCTION (MT)YEAR TOTAL

1st 1977 506,455

2nd 1978 687,105

3rd 1979 732,391

4th 1980 833,481

5th 1981 632,724

6th 1982 688,589

7th 1983 514,921

8th 1984 632,173

9th 1985 722,627

10th 1986 623,970

11th 1987 862,259

12th 1988 782,578

13th 1989 833,093

14th 1990 829,753

15th 1991 756,541

16th 1992 703,025

17th 1993 700,471

18th 1994 909,251

19th 1995 973,457

20th 1996 882,129

21st 1997 837,470

22nd 1998 1,515,836

23rd 1999 1,114,581

24th 2000 1,117,491

25th 2001 925,040

26th 2002 1,009,635

27th 2003 1,264,810

28th 2004 1,427,125

29th 2005 1,353,089

30th 2006 1,284,187

31st 2007 945,608

32nd 2008 868,689

33rd 2009 944,262

34th 2010 988,056

35th 2011 1,100,261

36th 2012 1,426,750

37th 2013 2,297,836

38th 2014 2,372,647

39th 2015 2,596,714

40th 2016 2,637,470

41st 2017 3,071,225

GTTL 42,834,550

0

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LIMESTONE SALES (MT)YEAR EXPORT DOMESTIC TOTAL

1st 1977 0 489,403 489,403

2nd 1978 15,961 660,848 676,809

3rd 1979 67,006 674,722 741,728

4th 1980 117,782 706,743 824,525

5th 1981 55,971 574,673 630,644

6th 1982 20,029 654,307 674,336

7th 1983 0 515,159 515,159

8th 1984 0 624,773 624,773

9th 1985 0 720,647 720,647

10th 1986 20,221 584,995 605,216

11th 1987 154,422 731,636 886,058

12th 1988 18,271 737,159 755,430

13th 1989 4,546 848,654 853,200

14th 1990 0 870,171 870,171

15th 1991 0 718,633 718,633

16th 1992 7,652 680,201 687,853

17th 1993 5,216 751,743 756,959

18th 1994 52,987 820,941 873,928

19th 1995 114,423 829,223 943,646

20th 1996 129,482 809,470 938,952

21st 1997 159,711 661,942 821,653

22nd 1998 899,792 594,756 1,494,548

23rd 1999 477,860 613,511 1,091,371

24th 2000 373,938 746,281 1,120,219

25th 2001 360,318 557,476 917,794

26th 2002 586,246 423,432 1,009,678

27th 2003 600,627 627,751 1,228,378

28th 2004 649,415 760,556 1,409,971

29th 2005 680,526 680,957 1,361,483

30th 2006 628,135 687,283 1,315,418

31st 2007 131,431 790,625 922,056

32nd 2008 78,838 832,962 911,800

33rd 2009 274,540 669,727 944,267

34th 2010 316,442 669,751 986,194

35th 2011 303,915 787,918 1,091,833

36th 2012 457,171 964,321 1,421,492

37th 2013 769,992 1,512,968 2,282,960

38th 2014 920,344 1,425,434 2,345,778

39th 2015 1,041,790 1,432,579 2,474,369

40th 2016 1,500,386 1,246,763 2,747,149

41st 2017 1,587,868 1,449,243 3,037,111

GTTL 13,583,254 32,140,337 45,723,592

0

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Export Domestic

11

Process Flow – Limestone Plant

12

PMSC Limestone Plant (Garcia-Hernandez, Bohol)

1. Primary Crushing Line• 1 – Receiving Hopper, 45 m3 Cap.

• 1 - Gyratory Crusher, 860 TPH

• 1 – Heavy Duty Apron Feeder, 860 TPH

• 1 – Cyclone Dust Collector

2. Sizing Plant Facilities• 1 – KMC1615R Super Sander

• 1 – Jumping Screen, 5.0mm x 30.0mm

• 1 – Crude Ore Yard, 25,000T Cap.

• 3 - Vibrating Feeder, 350 TPH

• 1 – Box Culvert, 3.0m x 42m

• 1 – Vibrating Screen Riflo Type, 265 TPH

• 1 – Vibrating Screen Riflo Type, 150 TPH

• 1 – Impeller Breaker, 90 TPH

• 2 – Roll Crusher, 150 TPH

• 1 – Mogenzen Sizer, Type ML520

3. Stockpiling and Shiploading• 2 – Stockyard, 60,000T Cap.

• 21 – Vibrating Feeder, 750 TPH

• 5 – Belt Feeder, 650 TPH

• 3 – Apron Feeder, 750 TPH

• 1 – Shiploader, 1200 TPH

• 1 – Offshore Pier, dolphin-type, 55,000 DWT Cap.

• 2 – Box Culvert, 4m x 4 x 160m

4. Other Facilities• 1 – Sub-station, 69KV/13.8KV, 2 MVA

• 1 – Niigata Diesel Generator, 1000 KWH, 330V

Plant Equipment and Facilities

13

Production Capacity

(MT)

LIMESTONE

Product Size Monthly Annual

0 - 5mm 93,600 1,123,200

10 - 40mm 35,500 426,000

40 - 80mm 39,300 471,600

0 - 125mm 133,000 1,596,000

TOTAL 296,000 3,552,000

14

Limestone Chemical Analysis(2017)

Particulars CaO MgO Al2O3 SiO2 P Fe2O3 S Moisture

0-5mm 55.29 0.16 0.118 0.101 0.009 0.078 0.003 9.87

10-40mm 55.50 0.18 0.065 0.079 0.009 0.049 0.003 7.06

40-80mm 55.51 0.18 0.053 0.073 0.009 0.045 0.004 5.73

0-125mm 55.19 0.18 0.084 0.085 0.010 0.065 0.004 7.48

*Figures above are based on the Average Production Analysis Results in 2017.

15

Limestone Size Distribution (2017)

Particulars +100 +80 +70 +60 +50 +40 +30 +25 +20 +15 +10 +5 -5

10-40mm - - - - - 0.00 17.89 25.56 22.79 17.75 12.09 1.68 2.25

40-80mm - 0.07 19.28 21.15 26.98 18.17 10.46 1.54 0.48 0.46 0.40 0.41 0.61

0-125mm 1.06 10.68 6.41 5.39 10.32 6.56 6.27 6.55 6.76 8.18 9.44 10.12 12.25

Particulars +6.3 +5 +4.75 +3.36 +2.36 +1.18 -1.18

0-5mm 3.27 2.58 8.88 16.42 18.68 30.75 19.43

Product Sizes and Stockyard Storage Capacity

0 ~ 125mm 30,000 MT

40 ~ 80mm 25,000 MT

10 ~ 40mm 25,000 MT

0 ~ 5mm 30,000 MT

• Limestone Plant

16

Major Users

17

Limestone

EXPORT

Vale Nouvelle-Caledonie (New Caledonia)

China Steel Corporation (Taiwan)

Dragon Steel Corporation (Taiwan)

PT GCNS (Indonesia)

POSCO (Indonesia)

Tamil Nadu Paper Ltd. (India)

LOCAL

Philippine Sinter Corporation

Coral Bay Nickel Corporation

Taganito HPAL Nickel Corporation

Visayas Slaked Lime Corporation

San Miguel Consolidated Power Corporation

18

Shiploading Facility

Port Facility / Restrictions

Particulars Limestone Plant

Vessel Size (Max.) 55,000 DWT

Berthing Depth 13.5m

Sailing Draft (Max.) 12.0m

Water Line - Hatch Coaming (Clear Height) 13.0m

Vessel LOA (Max.) 200m

Tug Boat Assistance (Min.) 2

Berthing/Sailing Timing (WP) Anytime

Shiploading Rate 10,000 MT/day

Ship Loader Type Slewing & Luffing

19

20

Dolomite Plant (Alcoy, Cebu)

21

Mineral Reserve

22

Dolomite (Cebu): 230 Million Tons

DOLOMITE PLANT PRODUCTION (MT)YEAR TOTAL

1st 1981 192,828

2nd 1982 349,708

3rd 1983 317,266

4th 1984 400,382

5th 1985 329,444

6th 1986 309,922

7th 1987 367,999

8th 1988 475,655

9th 1989 479,084

10th 1990 583,198

11th 1991 593,538

12th 1992 663,174

13th 1993 617,531

14th 1994 635,303

15th 1995 664,600

16th 1996 691,389

17th 1997 397,139

18th 1998 594,509

19th 1999 875,919

20th 2000 821,629

21st 2001 936,090

22nd 2002 1,129,516

23rd 2003 1,382,445

24th 2004 1,400,112

25th 2005 1,127,884

26th 2006 1,194,400

27th 2007 1,158,472

28th 2008 1,216,031

29th 2009 1,366,313

30th 2010 1,689,358

31st 2011 1,778,879

32nd 2012 1,904,305

33rd 2013 2,196,515

34th 2014 1,992,241

35th 2015 1,590,331

36th 2016 1,879,941

37th 2017 1,554,924

GTTL 34,303,050

0

250,000

500,000

750,000

1,000,000

1,250,000

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DOLOMITE SALES (MT)YEAR EXPORT DOMESTIC TOTAL

1st 1981 138,612 904 139,516

2nd 1982 329,424 13,562 342,986

3rd 1983 327,918 4,454 332,372

4th 1984 388,818 6,219 395,037

5th 1985 298,919 4,204 303,123

6th 1986 330,694 24,650 355,344

7th 1987 179,287 174,374 353,661

8th 1988 244,290 208,306 452,596

9th 1989 296,856 208,638 505,494

10th 1990 366,730 218,284 585,014

11th 1991 357,982 228,697 586,679

12th 1992 463,630 186,946 650,576

13th 1993 392,996 210,857 603,853

14th 1994 458,861 222,901 681,762

15th 1995 392,235 246,724 638,959

16th 1996 467,077 222,007 689,084

17th 1997 252,072 139,289 391,361

18th 1998 427,258 179,570 606,828

19th 1999 489,965 339,060 829,025

20th 2000 438,459 406,194 844,653

21st 2001 513,810 376,514 890,324

22nd 2002 644,992 443,212 1,088,204

23rd 2003 787,598 558,716 1,346,314

24th 2004 822,025 566,438 1,388,463

25th 2005 648,210 456,759 1,104,969

26th 2006 670,842 528,635 1,199,477

27th 2007 580,974 601,125 1,182,099

28th 2008 633,383 581,735 1,215,118

29th 2009 841,195 493,805 1,335,000

30th 2010 1,149,655 535,955 1,685,609

31st 2011 1,271,741 496,016 1,767,756

32nd 2012 1,343,624 514,866 1,858,490

33rd 2013 1,444,636 685,678 2,130,314

34th 2014 1,345,181 663,812 2,008,993

35th 2015 864,320 691,913 1,556,233

36th 2016 1,142,163 707,514 1,849,677

37th 2017 773,060 736,006 1,509,066

GTTL 22,519,492 12,884,539 35,404,029

0

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25

Process Flow – Dolomite Plant

26

PMSC Dolomite Plant (Alcoy, Cebu)

1. Crushers

• 2 - Jaw Crusher, 270 TPH, 150 TPH

• 1 - Super Impeller Crusher, 200 TPH

• 3 - Super Sander Crusher, 45 TPH, 157 TPH, 157 TPH

2. Feeders

• 1 - Grizzly Feeder, 400 TPH

• 2 - Vibro Feeder, 300 TPH

• 2 - Vibro Feeder, 150 TPH

3. Screens

• 1 - Ripple Flow Screen, 200 TPH

• 3 - Horizontal Screen, 120 TPH

• 1 - Horizontal Screen, 45 TPH

• 2 - Horizontal Screen, 250 TPH

• 1 - Jumping Screen, 157 TPH

4. Stockpiling and Shiploading

• 3 - Stockyards, 60,000, 30,000 & 15,000 Cap.

• 1 - Shiploader, 1000 TPH

• 5 - Dolphins

• 2 - Mooring Buoys

• 4 - Shifting Buoys

• 1 – Diesel Generator, 920 kVA

Plant Equipment and Facilities

27

Production Capacity

(MT)

DOLOMITE

Product Size Monthly Annual

10 - 30mm 39,000 468,000

0 – 5mm 123,000 1,476,000

0 – 2.36mm 16,000 192,000

TOTAL 178,000 2,136,000

28

Dolomite Chemical Analysis(2017)

Particulars MgO CaO SiO2 Fe2O3 Al2O3 P2O5 S Moisture

0-5mm 18.45 33.98 0.32 0.08 0.15 0.03 0.03 6.33

10-30mm 18.45 34.17 0.16 0.07 0.08 0.03 0.03 4.70

0-2.36mm 18.44 34.14 0.17 0.09 0.05 0.03 0.03 5.69

*Figures above are based on the Average Production Analysis Results in 2017.

29

Dolomite Size Distribution (2017)

Particulars +6.7 +5 +4.75 +3.35 +2.36 +1.40 +0.71 +0.30 +0.15 +0.074 -0.074

0-5mm 0.04 1.58 1.26 15.27 16.96 17.12 15.96 15.38 6.01 6.32 4.09

Particulars +2.36 +1.40mm +1.18mm +0.71mm +0.3mm +0.15mm +0.074mm -0.074mm

0-2.36mm 0.00 6.79 5.84 18.80 30.26 18.05 10.74 9.51

Particulars +31.5mm +25mm +19mm +16mm +13.2mm +9.5mm +5mm +3.35mm -3.35mm

10-30mm 0.00 3.19 35.19 26.86 17.78 12.72 2.28 0.11 1.87

Product Sizes and Stockyard Storage Capacity

10 ~ 30mm 30,000 MT

0 ~ 2.36mm 15,000 MT

0 ~ 5.0mm 60,000 MT

• Dolomite Plant

CEBU 30

Dolomite

EXPORT

JFE Steel Corporation (Japan)

Nippon Steel Sumitomo Metal Corporation (Japan)

China Steel Corporation (Taiwan)

Dragon Steel Corporation (Taiwan)

JSW Steel Corporation (India)

Asahi Glass Co. Ltd. (Japan)

Central Glass Corporation (Japan)

Kunneppu Lime Industry Co. Ltd. (Japan)

LOCAL

Philippine Sinter Corporation

Asahi Flat Glass Philippines Incorporated

Concrete Solutions Incorporated

Geo Transport Construction Corporation

Dole Philippines

Del Monte Philippines

Major Users

31

32

Shiploading Facility

Port Facility / Restrictions

Particulars Dolomite Plant

Vessel Size (Max.) 38,000 DWT

Berthing Depth 14.0m

Sailing Draft (Max.) 12.5m

Water Line - Hatch Coaming (Clear Height) 13.0m

Vessel LOA (Max.) 180m

Tug Boat Assistance (Min.) 2

Berthing/Sailing Timing (WP) 6:00-10:00 AM/Anytime

Shiploading Rate 10,000 MT/day

Ship Loader Type Slewing & Luffing

33

Corporate Address:

5th Floor, Mercedes-Benz Tower, Mindanao Avenue,

Cebu Business Park, Cebu City, Philippines

Tel. No. (032) 415-8740/41/42

Fax. No. (032) 233 9546 34

35

Thank you

36

CaCO3 Computation:

Given:

CaCO3 55.00%

Molecular Weight:

2.1 Ca 40.078

2.2 O 15.999

2.3 C 12.011

% CaCO3= %CaO x Molecular Weight of CaCO3

Molecular Weight of CaO

% CaCO3= 55.00% x 100.086

56.077

% CaCO3= 98.163%

37

Specific Gravity (t/c3) 1.3 - 1.7

Bond Work (Crushing) Index (kwh/t) 6.24 – 7.53

Water Absorption Capacity (%) 5.48 (JIS A 1100)

Degradation Index (%) 41.1 (JIS A 1121)

Handgrove Grindability Index 76 (ASTM D409)

Other Information