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Philex gets government nod to resume Padcal operations

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ON AUG. 1 last year, Tailings Storage Facility No. 3 of Philex Mining Corp. in Itogon, Benguet, leaked and spilled 20 million metric tons of silt into the Balog Creek and Agno River. As of late April, Philex officials said cleanup in the creek was 98-percent complete. RICHARD BALONGLONG

The Mines and Geosciences Bureau has allowed Philex Mining Corp. to finally resume its operations at the Padcal mine in Benguet, roughly two years after the company was slapped with a cease and desist order.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

Piece of mines

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This particularly immaculate ecotourism zone, the Caramoan peninsula in Camarines Sur in Bicol, with its magnificent islands just off the coast, has one feature no other sites can claim: It boasts of unbridled destruction from small-scale mining and quarrying activities.   In the past 10 years or so, Caramoan rose to international fame when its [...]

Posted: July 3rd, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

3 mining firms not Filipino-owned, SC rules

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The Supreme Court  INQUIRER FILE PHOTO

The Supreme Court (SC) has upheld the disqualification of three mining firms from exploration and extraction activities in the country because they were not Filipino corporations.

Posted: June 30th, 2014 in Latest Business Stories | Read More »

Philex to reopen mine after 2 years

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ON AUG. 1 last year, Tailings Storage Facility No. 3 of Philex Mining Corp. in Itogon, Benguet, leaked and spilled 20 million metric tons of silt into the Balog Creek and Agno River. As of late April, Philex officials said cleanup in the creek was 98-percent complete. RICHARD BALONGLONG

The Pollution Adjudication Board (PAB) had lifted its cease-and-desist order on Philex Mining Corp.’s Padcal mine in Benguet province, almost two years after Philex suffered a spill in its mine tailings dam, an official of the Mines and Geosciences Bureau (MGB) said on Thursday.

Posted: June 20th, 2014 in Latest Business Stories | Read More »

Biz Buzz: Stubborn banks defy BSP

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In any industry, the word of the government regulator is the law. And when the law is laid down, industry players usually fall over themselves in a rush to comply with the new mandate.

Posted: May 19th, 2014 in Columnists,Inquirer Columns | Read More »

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