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.

The Board of Directors of PSE:PX today announced an Unaudited Core Net Income of P280.6 million in the second quarter, up from P278.4 million in the first quarter as the Company cushioned declining ore grades and low metal production.

Gov. Sol Matugas has called on the public and private sectors to further work together for community development, as she cited the efforts made by mining companies for the advancement of education and job creation in Surigao del Norte.

Companies under the MVP Group have once again come together to help residents in Metro Manila and nearby provinces affected by Typhoon Glenda, which hit the country Wednesday, with MVP directing a holistic approach to carrying out relief operations.

Leon Mocate (with hard hat), senior forestry coordinator at Padcal mine's EQMED, in Benguet, and WAP worker Dennis Ciano helping some Philex college scholars plant a pine-tree seedling at a reforestation area on Saturday in Itogon town’s Brgy. Ampucao.

PAUSE
 
 

  • Padcal Mines, which Philex has been operating since 1958, is the first underground block cave operation in the Far East.  

  • Silangan Project combines the Boyongan and Bayugo deposits, which are comprised of gold, copper, and silver.  

  • Philex is exploring the possibility of re-opening the Bulawan Project, which is now on care-and-maintenance phase.  

  • Exploration work in Sibutad Project concentrated on the boundaries between the municipalities of Rizal and Sibutad.