THE Chamber of Mines of the Philippines (CoMP) has elected Michael T. Toledo as its new chairman, it said in a press release on Monday.
Mr. Toledo will succeed Gerard H. Brimo, who has been chair since 2017. Mr. Brimo will become vice-chairman and remain in the chamber’s board of trustees.
Mr. Toledo is the chief operating officer of Silangan Mindanao Mining Co. He also heads the Government and Public Affairs group of Metro Pacific Investments Corp. (MPIC).
He said he is ready to “steer CoMP as the nation prepares to elect a new administration that the mining industry hopes will continue to promote business stability and investor confidence.”
CoMP is an association of the country’s mining, quarrying, and mineral processing companies founded in 1975. It was the first mining association in Asia to adopt the Towards Sustainable Mining program developed by the Mining Association of Canada.
MPIC is one of three key Philippine units of First Pacific, the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — LMJCJ
