Dominion Holdings gearing up to become biggest mining firm
Dominion Holdings Inc. is preparing for a major expansion push that could make it the largest mining company in the Philippines, with control of the Tampakan copper-gold project and a significant hike in its authorized capital stock in the pipeline.
Dominion Holdings Inc. (DHI) is set to undergo a significant expansion that could position it as the largest mining firm in the Philippines. The company has approved plans to increase its authorized capital stock to P30 billion from the current P3.42 billion, as reported in a recent stock exchange filing. This capital increase is linked to a proposed merger with Indophil Resources Phils Inc. and Sonar Holdings Inc., as well as future capital-raising initiatives and expansion projects.
The merger will bring together DHI, Indophil, and Sonar, which collectively hold 100% of the voting rights in Sagittarius Mines Inc. (SMI). SMI, in turn, controls the Tampakan copper-gold project located in South Cotabato, Mindanao. Following the merger, DHI will gain full control of SMI, thereby becoming the dominant player in the region.
Analysts estimate the Tampakan copper and gold reserves to be valued between $150 billion and $200 billion, making a successful development of this project highly lucrative for DHI's shareholders and beneficial to the Philippine economy. To strengthen its position in the mining sector, DHI's board has also approved the selection of new board members for the 2026-2027 term, which includes Isidro Consunji, Henry Sy Jr., Frederic DyBuncio, and Tulsi Das Reyes as regular directors, as well as Rosmari Carandang, Leonardo Cuaresma Jr., and Vicky Castillo Lim Tan as independent directors.
The restructuring of Dominion Holdings Inc. aims to expand its asset portfolio primarily through investments in mining corporations, with the goal of long-term growth and returns. The company, formerly known as BDO Leasing and Finance Inc., is transitioning into an investment holding company as part of a broader restructuring within the BDO Group.
In recent months, DHI has made its first foray into the mining industry by acquiring a 20.43% stake in Atlas Consolidated Mining and Development Corp., a listed company engaged in metallic mining and mineral development.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
