Vulcan Industrial & Mining Corporation (VUL) was originally incorporated and registered with the Securities and Exchange Commission on January 13, 1953 as Vulcan Manufacturing Corporation. On June 15, 1977, the Company changed its corporate name to the present one. In 2013, VUL changed its primary purpose from mining and oil exploration to retail, and relegated mining and oil exploration as secondary purposes.


The Company is involved in finding, developing, and producing oil and gas reserves and other mineral properties. The Company is also a participant in several service contracts, mineral production sharing agreements, and geophysical survey and exploration contracts entered with the Philippine Government, through the Department of Energy.


On December 18, 2012, VUL sold its 100% interest in Vulcan Materials Corporation to Anglo Philippine Holdings Corporation, a related party. On August 12, 2014, National Book Store, Inc. (NBSI) subscribed to  850 million shares from the increase in capital stock of the Company.


As of December 31, 2017, the Company had no commercial operations since it is only in the stage of exploration.  Furthermore, due to the reorganization of VUL that commenced in the fourth quarter of 2012 and the intended listing of NBSI, the Company retired all of its employees during the first semester of 2013.  Despite NBSI’s decision to no longer pursue a backdoor listing of its retail assets, NBSI’s investment and subscription to shares in the company remain unchanged and it continues to explore alternative strategies that will generate the most value to its shareholders.

In preparation for a backdoor listing of NBS, the company obtained stockholders approval in 2013 to change its primary purpose from mining to retail. However, because the backdoor listing did not push through, and the Corporation currently has no operations and no employees, it will endeavor to comply as soon as it resumes operations in order to be more relevant to the business direction of the company.
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Copyright 2014 Vulcan Industrial and Mining Corporation