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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 »

Philex restores crucial facility at Padcal mine

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Philex Mining Corp. has restored Tailings Storage Facility No. 3 (TSF3) at the Padcal mine to a level of stability where the company may be able to sustain “continued operations.”

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

Philex preps P13.8B stock rights offer

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

Philex Mining Corp. is offering P13.8 billion worth of shares in a stock rights offering to fund mining projects and pay loans.

Posted: September 13th, 2013 in Latest Business Stories | Read More »

Extension of temporary relief for Philex OKd

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The Pollution Adjudication Board (PAB) has extended the temporarily lifting of its order stopping Philex Mining Corp. from producing tailings at the Padcal Mine in Benguet.

Posted: July 10th, 2013 in Headlines | Read More »

Philex core income dropped 90% in March

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The consolidated core income of Philex Mining Corp. dropped by 90 percent to P132 million in March because of a reduction in the operations of its Padcal copper-gold mine in Benguet.

Posted: May 2nd, 2013 in Latest Business Stories | Read More »

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