BenguetCorp Nickel Mines Inc. said it appointed its youngest director Clark Banaag effective June 11, 2021.
Banaag joined BNMI in 2020 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 Corp., the oldest mining company in the Philippines and in Marcventures Mining and Development Corp.
He served as the SK Chairperson of Sampaga, Batangas City, where he spearheaded public service events like civil service review, UPCAT review, free legal assistance, environment protection seminar and youth leadership programs among others.
BC reported a net income of P518.6 million in the first quarter of 2021, nine times greater than the P56.7-million profit in the same period last year. Its wholly-owned subsidiary, BNMI, contributed 83 percent, or P432.7 million. The Sta. Cruz Nickel Project of BNMI saw revenue rise to P1.05 billion on substantial nickel export and better nickel prices.
“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,” said Banaag, who studied law and agricultural economics at the University of the Philippines.
