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Philex pays P189M in ‘environmental obligations’

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Philex Mining Corp. Friday paid P188.6 million in fines that the Pollution Adjudication Board (PAB) slapped on the company for “causing water pollution” and “impeding the flow of water” in the Balog Creek and Agno River.

Posted: June 7th, 2014 in Headlines | Read More »

PSE press release a hoax

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A mysterious press statement from someone claiming to be Jinky Alora, office in charge of the market regulation department (MRD) of the Philippine Stock Exchange, found its way into the mailbox of reporters covering the stock market beat on Monday. Quoting a May 2013 PSE report to the Securities and Exchange Commission, the statement announced that the PSE had fined 19 listed companies and reprimanded seven others for violating disclosure requirements that involved breaching the blackout rule, non-disclosure, delayed submission of reports and non-submission of reports.

Posted: July 3rd, 2013 in Editor's Pick,Headlines | Read More »

Philex seeks more time to meet rehab condition

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Philex Mining Corp. is considering seeking an extension of its permit for the temporary resumption of its operations here, saying it needs more time to achieve the minimum requirements under the rehabilitation work laid out in the permit.

Posted: June 16th, 2013 in Headlines | Read More »

Philex says Napocor seeking P6.42B

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Philex Mining Corp. has received monetary and other demands from the state-owned National Power Corp. (NPC) in connection with the accidental discharge of tailings from the Padcal mine in Benguet province last year.

Posted: May 28th, 2013 in Headlines | Read More »

Philex unit posted net loss of P24.5M in first 3 months

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Philex Petroleum Corp. posted a net loss of P24.5 million in the first quarter of 2013, an improvement from the P46.2-million net loss it registered a year ago.

Posted: April 20th, 2013 in Headlines | Read More »

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