To better understand the intricacy of specialized industries, third-year accountancy students from Filamer Christian University (FCU), Roxas City, visited the Mines and Geosciences Bureau (MGB) 7 office here on Wednesday, April 29.

The 14 students, accompanied by their faculty, sought a “real-world” perspective for their Audit and Assurance subject, which currently focuses on the economic and financial aspects of the mining sector.

In his welcome address, Regional Director Al Emil G. Berador pointed out the vital link between the two professions. “You might wonder, ‘What do numbers and balance sheets have to do with rocks and minerals?’ The answer is: Everything,” Berador said. “For every gram of gold or a ton of nickel extracted, there is a corresponding fiscal responsibility—taxes, royalties, and social development funds that must be accounted for with absolute precision.”

During the visit, resource speakers briefed the students on the Mining Profile of Central Visayas, noting that the region is a powerhouse for mineral resources. These resources contribute billions in production value and provide thousands of jobs, significantly driving the regional economy.

The Mine Management Division, represented by Engr. Earl Dexter M. Alegro and Economist Amelita G. Acedo, provided a basic overview of the mining industry. They discussed the general stages of mining—from exploration and development to utilization—and the regulatory structures that govern the processing of mining rights and tenements. Their session demonstrated how these regulatory steps secure the massive investments required to fuel the industry.

An important highlight was the discussion on the role of geologists within the Geosciences Division. Geologist Allip Vincent B. Fornolles detailed how geologists serve on the front lines of public safety by conducting geohazard and risk assessments, coastal and marine surveys, and hydrogeological studies for groundwater mapping.

Furthermore, Engr. Genesis A. Madera and Engr. Peter Gamaliel A. Semblante of the Mine Safety, Environment, and Social Development Division explained how the bureau ensures mining companies are equipped for safety through mandatory health programs and strict safety standards for personnel. They also pointed out progressive rehabilitation efforts in which companies are required to restore mined-out areas and manage environmental funds.

The FCU faculty expressed their sincere gratitude to the bureau for the meaningful discussions, noting that the direct experience greatly improved the students’ academic insight.

Both the university and MGB 7 expressed optimism about continued teamwork and increased student visits to further bridge the gap between classroom theory and industry practice.

The group was led by FCU College of Business and Accountancy Dean, Dr. Katherine Rose Arciga, and faculty member Sheen Frederick Gatchalian. (IO/MGB7)