Bungee Corporation production was expected to decline steadily which results a negative impact to Mediumistic Metal Corporation. The Letter of Instruction (LOL) ensures the Philippine Associated Smelting and Refining Corporation (PAPAS) an adequate supply of copper concentrates from all local companies which results/causes pressure to Bungee Corporation In submitting its samples to PAPAS. Opportunities-chance,break It is the biggest and oldest mining corporation started since 1903 and produces largest gold, chromites and copper In the Philippines. It is active In exploration for gold, copper, chromites and coal.
Its expertise Is about exploration, mining, benefaction and marketing of minerals. Threats Bungee Corp.. Faces complaint from own shareholders. It also fears from selling their concentrates to foreign smelting and refining plants because of the mercury content which results Bungee enter Into a arrear contract to Mediumistic Metal Corporation. 3. Alternative Solutions to the problem The Bungee Corporation provides 5-year summary of financial performance, including the individual subsidiaries’ contributions and the resulting effects which results of return of the company stakeholders.
The Bungee Corporation tried to have partnership to different small mining corporations which results higher operation Since, Bungee Corporation worriedly looked for foreign buyers of its concentrates. The corporation decided to have a partnership with other foreign smelting and refining companies that could help them mercury content of their products. The LOL helps the Philippine Industry to lessen its dependence of foreign especially Japanese smelter who processed most of the local mining outputs which PAPAS does it best to cater the local mining corporations here in Philippines.
Since Bungee Corporation could not possibly meet its contract to Mediumistic and lawful its quota to PAPAS, the Bungee Corporation must submit first its concentrates to PAPAS to refine it before giving it to Mediumistic Corporation to lessen the refining and smelting charges of the Japanese Corporations, so there will be no reimbursement of the total project price and there will be no contractual and workers would be affected. 4. Minted Solution The Letter of Instruction (LOL) was executed not for negative purposes but for the good of all mining corporations. These is the reason why the LOL 1387 forced and mandated all the local mining corporations to submit their products to the Philippine Associated Smelting and Refining Corporation (PAPAS) for testing, refining and smelting of mining products before transporting it to the foreign companies but the Bungee Corporation president, Mr..
Jaime V. Ongoing is doubtful to Pass’s capability in smelting and refining their products. The reason why Bungee Corporation-PAPAS Controversy. Yes the PAPAS encountered difficulties on its first year but everyone deserves second chance. I believe that PAPAS could help the Beget Corporation on its problem about smelting and refining its concentrates and to lessen the mercury on its mining products.
