The P1-billion penalty paid by Philex Mining Corp. for the tailings spill that occurred at its Padcal mine site in August 2012 may have been “low,” according to Sen. Sergio Osmeña III.
Government foresters said gold producer Philex Mining Corp. is criminally liable for building a road through a Benguet watershed without securing proper clearances like an environmental compliance certificate (ECC).
Alcorn Petroleum Resources Corp., Trans-Asia Oil and Energy Development Corp. and Philex Mining Corp. are three of several stocks that went into active market play, cornering a significant amount of retail investors’ money.
Gold and copper producer Philex Mining Corp. has again been slapped with a fine by the Department of Environment and Natural Resources (DENR), this time for the pollution inflicted on two bodies of water by the tailings spill at its Padcal mine in Benguet.
Philex Mining Corp. said it would spend more than P1 billion for the rehabilitation and cleanup of Balog Creek near its Padcal mine.
Despite the Aug. 1 spill at its waste facility that polluted a major river traversing Benguet and Pangasinan, Philex Mining Corp. was honored with the best mining forest award in this year’s annual National Mine Safety and Environment Conference here.
Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. was one of the busiest officials at the recently concluded World Bank-International Monetary Fund annual meetings in Tokyo, Japan, not only because of several appointments with his foreign peers, but also because of many awards.
The Philex Mining Corp. has obtained a week’s extension to comment on the P1.034-billion penalty imposed by government for the sediment breach at its Padcal mine tailings dam in Benguet province.
Aside from being penalized for the tailings discharged from its Padcal mine site in Benguet province, Philex Mining Corp. will be liable to pay other fines for violations of the Clean Water Act and the company’s own Environmental Compliance Certificate (ECC), the Mines and Geosciences Bureau (MGB) said.
Philex Mining Corp., the country’s biggest gold producer, has been slapped with a P1-billion fine for the leaks from its tailings pond in Benguet province, the Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR) said on Wednesday.
The Philex Mining Corp. said on Wednesday it would challenge the findings used by the Department of Environment and Natural Resources in imposing on the company hefty fines for the tailings dam breach at its Padcal mine site in Benguet province.
Philex Mining Corp. assured the public on Wednesday that it would fully restore its tailings (mine sediments) storage facility before resuming operations.
