Premiere Georesources & Development Inc.
A contract-miner that owns two MPSAs in Southern Palawan with a massive and validated limestone
Infrastructure Development
Premiere Georesources and Development Inc. (PGDI), formerly Redstone Construction and Development Corporation, was established and registered with the Securities and Exchange Commission (SEC) in 2011. The Company is engaged in the business of construction works and earthworks for mining, real estate development, environmental protection and remediation, dam, dikes, flood control and reclamation, including quarrying, hauling, earthmoving, and heavy equipment rentals.
Massive, Validated, Limestones Deposit
Subsequently, the Company’s gradual growth was fueled by its engagements with the leading ore producers in the country. PGDI concentrated on mining projects for publicly listed clients such as Marcventures Holdings, Inc. (MARC), Nickel Asia’s (NIKL) Rio Tuba Nickel Mining Corp., and Cagdianao Mining Corp (CMC). As such, PGDI gained recognition as one of the most dependable independent firms dealing with contract mining works.
Journey Through the Years
Incorporation
Premiere Georesources and Development Inc. (PGDI), formerly Redstone Construction and Development Corporation, was established and registered with the Securities and Exchange Commission (SEC) in 2011.
Growth
PGDI’s growth skyrocketed in 2015 when it signed three contracts with MARC, NIKL, and Benguet Corp.’s (BC) BenguetCorp Nickel Mining, Inc. (BNMI). To service these, PGDI expanded its fleet and acquired an additional Php 300 million of dump trucks and heavy equipment.
Refocusing
In 2017, PGDI completed 2.56M Wet Metric Tons (WMT) of contract mining services for its clients with a revenue of Php 246M. In the same year, PGDI obtained the prestigious accreditation from Nickel Asia Corp. (NIKL) as a supplier of products and services, in addition to refocusing its business as an Infra Company in response to the government’s bullish outlook on infrastructure development.
Contract Mining
In 2011, Marcventures Mining and Development Corporation (MMDC) became Redstone’s first contract mining works client and serviced its mining works needs for seven years, with total revenues amounting to over Php 490 million.
Today
PGDI currently has an equipment complement of 140 units composed of dump trucks, various heavy equipment and auxiliary units, all efficiently working to service its clients’ different needs.
PGDI looks to broaden its operations to include non-mining construction activities in the coming years.