How much does Lafayette intend to share with Albay?

1. How much does Lafayette intend to share with Albay?

2. In the presentation on May 9, 2007 at Casablanca Hotel in Legazpi City, Lafayette’s Community Relations Department claimed:

6. Let us analyze Lafayette’s Social Development Program:

22. Assume that for the rest of the mine life the yearly SDP budget would be the same as that for the entire province of Albay for 2007: * Includes P 2,500,000 for Sorsogon which is for 2007 only

23. Let us also analyze their employment of Albayanos :

27. The Albay-Lafayette sharing of benefits . . .

29. Expense as fraction of income: P 370,662,560 = P 60,484,640,000

30. Expense as fraction of income: P 370,662,560 = P 60,484,640,000 0.609 % = Note that this is less than 1%

31. Let us be kinder to Lafayette by using a lower figure for income, the estimate of Mr. Federico Pascual cited in his column “Postscript” in the Philippine Star on June 15, 2006 – US $ 350 million. Exchange rate US $ 1 = PhP 45 Expense as fraction of income: P 370,662,560 = P 15,750,000,000

32. Let us be kinder to Lafayette by using a lower figure for income, the estimate of Mr. Federico Pascual cited in his column “Postscript” in the Philippine Star on June 15, 2006 – US $ 350 million. Exchange rate US $ 1 = PhP 45 Expense as fraction of income: P 370,662,560 = P 15,750,000,000 2.35 % =

33. We have seen how much Lafayette will gain. How much will Rapu-Rapu and the entire Province of Albaylose?

34. As of July 5, 2007 four (4) Mineral Production Sharing Agreements have been approved. * 2640.9247 hec** * 1585.8083 hec** 167.8625 hec** 144.2000 hec** * http://www.lafayettemining.com/documents/AGM-Corporate-201106.pdf ** From www.mgb.gov.ph/mpsa.htm

35. MPSA 192** 2640.9247 hec 1585.8083 MPSA 168 ** MPSA 163 ** 167.8625 MPSA 122 ** 144.2000 Total area under MPSA 4538.7955 hec Total area of Rapu-Rapu Island*** 5589.0000 hec 81.21 % % of area under MPSA ** From www.mgb.gov.ph/mpsa.htm *** http://www.bulatlat.com/news/5-41/5-41-rapu.htm

36. To paraphrase Al Gore on the economic scales containing gold bars and the planet Earth:

37. The 81% under MPSA may not be turned into an open pit but the reduction in water supply and the scattering of acid and heavy metals will kill the plants and animals. In the end, the areas under MPSA will become unarable for decades, a virtual desert amidst a sea too poisoned to allow any fish to thrive.

42. Party GAIN LOSS Lafayette US $ 1.35 B 2.35% SDLP 2% taxes under MPSA 5589 hec; income tax National govt 5589 hec; income tax Local govt only real estate taxes Entire island and present and future economic sustenance 2.35% SDLP Local residents

43. * From a press release titled “Simbag kan Lafayette Philippines, Inc. (LPI) sa mga Isyus Unong sa Operasyon Kaini sa Banwaan kan Rapu-Rapu” printed in the Albayano Examiner November 19-25, 1999 * * Shown in the Powerpoint Presentation titled “Ang Proyekto sa Rapu-Rapu” dated October 27, 2001 * * * Shown in the Powerpoint Presentation titled “Social Development Management Plan 2006” * * * * Shown in the Powerpoint Presentation to Pollution Control Officers on May 9, 2007 in Casablanca Hotel, Legazpi City

44. A sustainable economy has three basic activities providing the seven material needs of people. Production Distribution Consumption Exportation Importation Food Clothing Shelter Job Education Security Entertainment

45. Capacity for Exportation Need for Consumption Need for Importation Production Access Food The same Reduced Reduced Reduced Increased Clothing Not applicable Not applicable Reduced The same The same Shelter Reduced Reduced Increased Reduced The same Livelihood Reduced Increased Reduced Reduced The same Education Reduced Increased Reduced The same Reduced Security Reduced Increased Reduced Reduced The same Entertainment Increased Reduced Reduced The same Reduced