Current Report Under Section 11 of the Revised Securities Act (RSA) and RSA Rule 11(A)-1(B)(3) Thereunder

March 9, 2000 PSE CIRCULAR FOR BROKERS NO. 611-00 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(A)-1(B)(3) THEREUNDER 1. 08 March 2000 (Date of Report (Date of earliest event reported) 2. SEC Identification Number: 16180 3. BIR Tax Identification No.: 000-589-662 4. Name of Registrant as specified in its Charter ISLAND MINING & INDUSTRIAL CORPORATION 5. Metro, Manila, Philippines 6. (SEC Use Only) 7. 4-B Vernida I condominium 1229 120 Amorsolo St., Legaspi Village Postal Code Makati City 8. Registrant's Telephone Number including area code (632) 813-2944 to 45 9. Not applicable Former name, former address, and former fiscal year, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Stock PHP0.01 4,830,630,066 11. Are any or all of these securities listed on the Philippine Stock Exchange Yes (X) No ( ) 12. Indicate the item numbers reported herein: ITEM 9 The Corporation reports that Mr. Roberto Ocampochua ceased to be one of the Directors of Island Mining & Industrial Corporation, effective February 29, 2000 after he disposed all of his IMIC shares of stock through David Go Securities on February 09 and 15, 2000. Buying brokers are Warburgdillon Read Securities, Inc. and Wealth Securities. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ISLAND MINING & INDUSTRIAL CORPORATION Registrant (SGD.) ANDRES LAO, SR. President