ATN Holdings, Inc. has obtained an environmental compliance certificate (ECC) for its 82-hectare integrated aggregates project in Rodriguez, Rizal, the listed firm said in a disclosure on Tuesday.
The certificate, which was issued by a unit of the Department of Environment and Natural Resources (DENR), covers a yearly extraction rate of 7 million dry metric tons (DMT) of aggregates in the project area.
An ECC must be secured from the DENR鈥檚 Environmental Management Bureau for 鈥渆nvironmentally critical鈥 projects, according to the department鈥檚 citizens charter.
ATN鈥檚 project has an estimated 66.12 million metric tons of mineable aggregates. Its components include a crushing plant, batching plant, concrete hollow blocks plant, and pollution control facilities.
Through consultancy service provider Permata Resources, Inc., ATN said in the project鈥檚 description previously submitted to the DENR that it would be engaged in quarrying and crushing operations.
鈥淲ith industrialization and continuous quest for development, the project is foreseen to aid in augmenting the higher demand for rock aggregates and cement raw materials by the construction industry for the infrastructure development and the government鈥檚 prioritized infrastructure projects,鈥 Permata told the DENR bureau.
In a disclosure in November, ATN said that it was looking to earn P1 billion by 2022 from selling construction materials, adding that there would be a projected demand for building materials as the government pursues its 鈥淏uild, Build, Build鈥 program.
ATN Chairman and Chief Executive Officer Arsenio T. Ng was previously quoted as saying that the 2022 sales target would come from a combination of rock aggregates, pre-mixed concrete and boulders.
Shares in ATN at the local bourse rose 1.16% or 0.01 centavo to close at P0.87 apiece on Tuesday. 鈥 Angelica Y. Yang
