APO LAND and Quarry Corp (ALQC) said on Thursday that it will donate a parcel of land to serve as a relocation site in Naga City, Cebu as well as set up a care fund to rebuild houses for the victims of a landslide near its operations site.
After the landslide that killed more than 70 and forced the evacuation of families in five villages, the Department of Environment and Natural Resources (DENR) and the Cebu provincial government have issued orders to stop quarrying operations of different mining companies, including ALQC.
DENR Secretary Roy A. Cimatu lifted the ban for 90% of the companies last week, but ALQC remains suspended.
In a text message, ALQC Spokesperson Chito S. Maniago said, “We affirm our commitment with the people of the City of Naga as we double our efforts in supporting the local government in restoring normalcy. Our relief operations will continue and to this end, ALQC will donate a parcel of land to serve as a relocation site and provide a care fund for the rebuilding of houses.”
Mr. Maniago did not give the amount for the care fund, adding that the company will reveal it “as soon as we disclose to the local government.”
ALQC is a wholly-owned entity of Impact Assets Corporation, wherein Cemex Holdings Philippines holds 40% equity.
On Thursday, Cemex closed at P2.25 a piece, down by 4.66%. — Reicelene Joy N. Ignacio