Philex Mining Corp. has joined other industry leaders in continuing to bat for a competitive sector through government cooperation and consistency in policies toward mining, as the company revealed that it is open for a merger and acquisition (M&A) deal.
Philex Mining has expressed hopes for a better future for the country’s mining sector, despite an uncertain investment direction that government wants, as it supports this year’s biggest and most prestigious conference and exhibition on the industry.
They came not only to offer prayers in thanksgiving and celebrate with the officials and employees of Philex Mining Corp. for the normal operations of Padcal mine, they also stressed the company’s promotion of the “greater good” via responsible mining.
Philex Mining Corp. today received an order from the Mines and Geosciences Bureau granting the full operations at Padcal mine, in Benguet, as the government regulator permanently lifted a cease-and-desist order issued after a 2012 tailings-leak accident.
Philex Mining Corp. and the National Power Corp. have agreed to sit down and identify parts of the land at the NPC-controlled watershed area that the miner’s Padcal operations, in Benguet, will have to reforest over five years.
With a budget of P2.98 million, Philex Mining Corp. has granted 15 scholarships—or less than half its target of 34—for graduate studies, including law and medicine, to deserving beneficiaries at its outlying communities in Benguet.
Michael Toledo, media-bureau head of the MVP group of companies and SVP-Corporate Affairs at Philex Mining Corp., has been named this year’s CEO Excel awardee by the International Association of Business Communicators (IABC) Philippines.
Philex Mining had spent about P13 million for its social projects done and delivered in the outlying communities during the first half of the year, P3.5 million of which was the worth of projects carried over from last year, its Padcal mine, in Benguet, said.
Benguet Gov. Nestor Fongwan has praised Philex Mining for its environmental programs implemented by Padcal mine, in his province, as they signed a public-private partnership on climate-change advocacy with six other government and nongovernment offices.
Philex Mining Corp. today received an order from the MGB granting the full operations of Padcal mine, as it permanently lifted a CDO issued in 2012.
Philex Mining and the National Power Corp. are set to identify parts of the NPC-controlled watershed area that will have to be reforested over five years.
Philex Mining has granted 15 scholarships—or less than half its target of 34—for graduate studies to deserving beneficiaries at its outlying villages in Benguet.