Abra Mining and Industrial Corporation (AMIC) was incorporated and registered in the Philippines with the Securities and Exchange Commission (SEC) on September 28, 1964. AMIC listed its shares of stock in the Philippine Stock Exchange (PSE) on December 24, 1969.
AMIC is licensed to engage in the exploration, development, exploitation, process, manufacture, extract, mill and sale of cement and metal concentrate, marble, building materials and other minerals such as copper, gold, silver, iron, lead, etc. processing and manufacture of non-metals for industrial and commercial purposes at wholesale only.
The Company has the following mining claims: 
The Company is not yet in commercial operations but had expressed their five-tiered long-term management program. The five tiers are as follows:
1. Baticang Magnetite and Gold project (Alluvial Plant) – the company considers the project as promising. They believe that the project is positioned to take advantage to the rising demand of iron and gold. The magnetite or iron sands project is acknowledged by the company as good long term business as steel is the basic requisite and foundation for growth of any developing nation. The Alluvial plant has an installed capacity of 50-60 MTPD (Metric Ton Per Day). Currently the operation is occupied by research work on recovering the very fine gold traces and other precious metal in order to optimize the revenue to be generated in the project. Trial shipments were also being mulled as the magnetite inventory piles up to the marketable and shipping volumes.
2. Capcapo Gold Field – The Capcapo Gold Property is strategically located in Abra Province, Northern Luzon, Philippines, north of the prolific Baguio-Mankayan Gold District that has combined production, current reserves and resources in excess of 60 million ounces of gold. 
On the last quarter of 2011, Olympus Pacific Minerals, Inc. has signed a joint venture agreement with the Company. The terms of the joint venture are as follows:
a. Payment to Abra Mining of $300,000 upon signing of the joint venture agreement and additional payment of $400,000 upon gaining “unencumbered access” to the property.
b. Payment of $2,000,000 and 2 million common shares of Olympus Pacific Minerals, Inc. or common shares with total value of $5 million whichever is of lesser value each time a specific level of mineral reserves was defined or daily production rates were achieved.
3. Setting up of kiln for the Baticang-Bucay Lime Plant – the lime kiln construction blueprint has been ready for implementation immediately when project funding is readily available. The project is very relevant to the mining and agricultural industry which can be commissioned immediately by the company with the least capital outlay and can generate high revenues. This lime project will become an integral part of the Patok reopening in that it will supply the lime requirements of the Patok plant. The lime project will serve the demand in Northern Luzon being the only producer should it commence commercial operations.
4. Reopening of Patok Gold Project – the Patok Gold Project which was operating in the 1970’s to early 1980’s was shut down during the oil crisis. The Company claims that the reopening will be relatively easier and can be fast tracked since the assets related to the operations are still intact and operating, provided that the required fund is readily available. Other advantages enjoyed by the Patok project were the high grade ore body that was already blocked and accessible upon rehabilitation and the qualification of the mine site under the government revival program for “Certificate of Non-Coverage” where old mines may restart operations while their Environmental Compliance Certificate (ECC) documentation is in process with the DENR.
The rehabilitation of the Patok project is hampered due to the unusually high incidence of major landslides in the area obstructing the delivery of supplies and the poor security situations in the area due to political rivalry.
5. Expansion and refinement of the Alluvial plant – The paramount objective of the expansion is to produce a consistent shippable volume monthly. The projected expansion will employ electrically powered dredging equipment to lower the cost of mining due to unfettered fuel increases. This reduces costly utilization of heavy equipment that is presently being employed in our operation and to further enhance processing tonnage of precious metals.
1. Abra SEC 17-A 2010 filings; http://www2.pse.com.ph/html/ListedCompanies/pdf/2011/AR_17A_Dec2010.pdf
2. Definitive Information Statement for Annual Meeting of Stockholders on October 28, 2011; http://www2.pse.com.ph/html/ListedCompanies/pdf/2011/AR_D20IS_10072011.pdf
3. Olympus SEC filings Form 6-K September 30, 2011; http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001199073-11-000943%2Etxt&FilePath=%5C2011%5C09%5C30%5C&CoName=OLYMPUS+PACIFIC+MINERALS+INC&FormType=6-K&RcvdDate=9%2F30%2F2011&pdf=