KROMINCO, INC
Copyright 2008 Krominco, Inc. All rights reserved.
Aside from taxes, the company extends assistance to the municipal government of Loreto through the use of equipment and donation of materials for its infrastructure projects and community development. The company also has a Social Development and Management Program (SDMP) for the local communities.
Krominco, Inc. is one of the companies in the Caraga Region that has adopted the Mines and Geosciences Bureau's Information, Communication, Education (ICE) - Community Development (CD) Program. As with all the other companies that signed the MOA last 1999, the company has allotted an amount equal to 1% of its total Mining and Milling Costs annually for Community Development. Ninety percent of that amount will go to the Community Livelihood and Infrastructure development projects of the company's two host Barangays (Esperanza and Santiago), while 10% will go to the science, research and technological advance studies.
The company has formed its Technical Working Group (TWG) that facilitates and monitors the ICE - CD programs, most especially the livelihood projects that the community will choose to undertake. The TWG believes the communities are the company's partners in development and believes that the communities are the company's partners in development and believes in the Pro-People, Pro-Environment and Responsible Mining Philosophy.
Assistance to Local Community
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