Vulcan Industrial & Mining Corporation is an exploration-stage company. The Company is engaged in finding, developing and producing oil and gas reserves and other mineral properties. The Company operates in two business segments: mining and oil and gas operations. It is a participant in Service Contracts (SCs), Mineral Production Sharing Agreements (MPSAs) and Geophysical Survey and Exploration Contracts (GSECs) entered with the Philippine Government, through the Department of Energy (DOE). Its mineral properties include Marian Copper and Gold Project, Negros Manlupo Copper Project and Negros Luz Copper Project. The Marian Copper and Gold Project covers an area of over 6,320 hectares denominated by APSA No. 000021-11. The Negros Manlupo Copper Project has an area of approximately 480 hectares covered by MPSA No. 092-97-VI. The Negros Luz Copper Project has an area of approximately 806.57 hectares and is covered by MPSA No. 113-98-VI.