FMG? Wow they were 40c once, sitting on substandard Fe with no rail or port? Presto....In came the Chinese. Now its $50 and it hasn't produced a cracker.
Philippines is no easy place, but the Local administratos DMCI will look after RML.
DMCI Holdings, Inc. was incorporated as a holding company to consolidate all construction business, construction component companies and related interests of the Consunji Family. The Company has four major subsidiaries: D.M. Consunji, Inc. (DMCI), DMCI Project Developers, Inc. (PDI), Atlantic Gulf and Pacific Company of Manila, Inc. (AG&P) and Semirara Mining Corporation (SMC). DMCI is engaged in general construction services and in various construction component businesses, such as the production and trading of concrete products and electrical and foundation works. PDI is engaged in construction business generating investments primarily through its equity participation in various project and infrastructure development activities. AG&P, a 46%-owned subsidiary, is engaged in heavy fabrication, industrial construction and engineering services. SMC, a 58%-owned subsidiary, is engaged in the exploration, mining, development and sales of coal resources on Semirara Island in Caluya, Antique.
