Premiere Georesources and Development Inc. (PGDI), formerly Redstone Construction and Development Corporation, was established in 2011. It was registered with the Securities and Exchange Commission (SEC) on January 24, 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.
Marcventures Mining and Development Corporation (MMDC) was Redstone’s first contract mining works client in 2011. PGDI serviced the mining works needs of MMDC for seven years with total revenues of P490+ million.
The Company’s gradual growth was fueled by its engagements with the leading ore producers in the Philippines. PGDI concentrated on mining projects for publicly listed clients like Marcventures Mining Development Corp. (MARC), and Nickel Asia’s (NIKL) Rio Tuba Nickel Mining Corp. and Cagdianao Mining Corp (CMC). PGDI gained recognition as one of the most dependable independent firms dealing with contract mining works.
PGDI’s growth skyrocketed in 2015 when it signed three three-year 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 Php333M worth of dump trucks and heavy equipment.
In 2017, PGDI completed 2.56M Wet Metric Tons (WMT) of contract mining services for its clients with revenue of Php246M. On March 2017, PGDI obtained the prestigious accreditation from Nickel Asia Corp. (NIKL) as a supplier of products and services. In the same year, PGDI started refocusing its business as an Infra Company in response to the government’s bullish outlook on infrastructure development. PGDI expects to broaden its operations to include non-mining construction activities in the coming years.
PGDI currently has an equipment complement of 150 units composed of dump trucks, various heavy equipment and auxiliary units, all efficiently working to service its clients’ different mining services needs.
PGDI started refocusing its business as an Infra Company in response to the government’s bullish outlook on infrastructure development
- premieregeoresources.com
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