Aragorn Coal Resources, Inc. (ACRI)

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Aragorn Coal Resources, Inc. (ACRI)
 
ACRI is still in the pre-operating stage. It was established to engage in coal resource exploration and development. It has a Coal Operating Contract (COC) with the Department of Energy (DOE) signed in January 2007 located in Isabela covering 3000 hectares.

The Isabela project was put on hold because of the anti-mining sentiment of the local government units (LGU) and the community. The COC is adjacent to the coal areas of PNOC. Partial exploration works had been conducted.

In 2013 and 2015, the DOE terminated the COC in Masbate and Isabela, respectively.

 
 
 

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