BENGUETCORP Nickel Mines, Inc. (BNMI) appointed its youngest director Clark Banaag effective June 11, 2021.
Banaag joined BNMI in 2020 serving as the Chief Risk Officer. He is also responsible for the company’s environmental compliance and has oversight in corporate social responsibility.
Prior to his appointment as director, Banaag worked in BNMI’s parent company, Benguet Corporation (BC), the oldest mining company in the Philippines and in Marcventures Mining and Development Corporation (MMDC).
He also served as the SK Chairperson of Sampaga, Batangas City where he spearheaded public service events like civil service review, UPCATreview, free legal assistance, environment protection seminor and youth leadership programs among others.
BC reported a net income of P518.6 millionin the first quarter of 2021, nine times greater than P56.7 million income for the same period last year. Its wholly-owned subsidiary, BNMI contributed 83% or P432.7 million.
The Sta. Cruz Nickel Project of BNMI saw revenue rise to P1.05 billion due to substantial nickel export and better nickel prices.
Optimistic about the future, Banaqag said the Board and management will work together to ensure BNMI’s profitability and sustainable success.
“It’s an honor to become part of the BNMI’s board. During my term as director, both business profitability and adequate environmental protection will be my top priorities.” Banaag further stated that he will use his law and agricultural economics background from University of the Philippines to help guide management achieve its goals.
Banaag concurrently serves as a director and vice president for operations in Arrow Freight Corporation, a warehouse and freight company based in Valenzuela city.