Philex provides training ground for Cordi police force

Philex provides training ground for Cordi police force

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TUBA, Benguet – The Philex Mining Corporation provided the Regional Special Training Unit – Cordillera (RSTU-COR),  a regional sub-unit entity of the Philippine National Police Training Service, an available training ground for the conduct of Basic Internal Security Operations Course (BISOC), Internal Security Operation (ISO) and other related trainings for it police trainees. The use of Philex’s tailings storage facility (TSF) 2, and adjoining vicinities and access roads as training venue for police trainees was concretized by the recent signing of the memorandum of agreement (MOA) between Philex resident manager Engr. Victor Morris A. Yodong and RTSU-COR training manager Lt. Col. Myles Angel Pascual. Philex also allowed part of an adjoining vicinity of its TSF 2 as administration building and billeting areas for RSTU-COR’s personnel, training staff and police trainees…
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Big miners seek moratorium lifting

Big miners seek moratorium lifting

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Big miners seek moratorium lifting To aid recovery (MANILA BULLETIN FILE PHOTO) It’s going to be a long shot, but some of the country’s biggest mining companies had sought President Rodrigo Duterte’s approval for certain policy changes in the mining sector, including the lifting of moratorium on new mining projects as well as the ban on open-pit mine stressing this should help the domestic economy recover faster.          Based on their estimates, the pending big-ticket mining projects could help the sector bring in additional government revenues by P13 billion a year.            These projects include the King-King Copper Gold Project of the Villar Group and the infamous Tampakan Copper-Gold Project in South Cotabato.          Rocky Dimaculangan, vice president for corporate communications at Chamber of Mines of the Philippines (COMP),…
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Philex profit rises on high gold prices

Philex profit rises on high gold prices

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  Philex profit rises on high gold prices PHILEX MINING CORP. posted an attributable first-half income of P424.55 million, up 8.5% from a year ago due favorable gold prices and sustained momentum in its business operations since the third quarter of last year. In the second quarter alone, it reported to the stock exchange a core net income of P299.51 million, without disclosing the comparative figure a year ago. But it said core income in the first quarter was at P102.72 million. “Given prevailing high gold prices and poor economic prospects for balance year, it looks like Philex is headed towards a better full year performance in 2020 compared with 2019 — provided we are able to maintain our production volume and improve mining efficiencies,” Philex Chairman Manuel V Pangilinan…
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Digging for survival in time of pandemic

Digging for survival in time of pandemic

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Digging for survival in time of pandemic The Philex spillway around its improved tailings dam TUBA, BENGUET—The country was just starting to address the coronavirus pandemic on March 16 when Eulalio Austin Jr. decided to lock down the Padcal gold operation of Philex Mining Corp. Austin, president and chief executive officer of the 63-year-old firm, was at Philex’s oldest Padcal operation when the Luzon quarantine was imposed. “Adhering to established guidelines … I had to lock down the community also. We set up checkpoints so nobody got in and out,” Austin told the Inquirer during a visit to the Padcal mine camp on June 17. He said employees who were outside to see to their families at that time had to undergo a 14-day quarantine before returning to the mine…
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Philex community remains COVID-19 free

Philex community remains COVID-19 free

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Philex community remains COVID-19 free TUBA, Benguet– The Philex Mining Corporation disclosed that its host and neighboring communities remain to be free from the wrath of the Coronavirus Disease 2019 (COVID-19) because of the adherence of the populace to the stringent health and safety protocols being implemented to date during the community quarantine. Philex president and chief executive officer Engr. Eulalio B. Austin, Jr. pointed out that the utmost cooperation of the residents in the different host and neighboring communities, coupled with the strict implementation of the established health protocols, played a key role in sustaining the COVID-19 free status of the villages within the mining community. He claimed the prohibition of mass gatherings and the strict enforcement of the liquor ban also contributed in the ongoing efforts of the…
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High metal prices to extend Philex’s mine life

High metal prices to extend Philex’s mine life

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High metal prices to extend Philex’s mine life PHOTO CAPTION: SAFETY FIRST-Underground workers of Philex Mining Corporation comply with health protocols against Corona virus. The lockdown and strict implementation of health protocols shielded the mining community from COVID-19 until now. JoMan TUBA, Benguet June 17 – The Philex Mining Corporation admitted that there is a big possibility that its projected mine life by 2022 might be extended for a reasonable time once the world metal prices will remain at a high level beyond the implementation of the community quarantine. Philex president and chief executive officer Engr. Eulalio B. Austin, Jr. said that the high meal prices right at the start of the implementation of the community quarantine last March 17, 2020, played a key role in allowing the company to gain…
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Philex grateful to supportive local governments

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Philex grateful to supportive local governments TUBA, Benguet– The Philex Mining Corporation expressed its gratitude to local governments that supported the unhampered mining operations during the implementation of the extended Luzonwide enhanced community quarantine (ECQ), through the period of general community quarantine (GCQ), and eventually modified GCQ (MGCQ). Philex president and chief executive officer Eng. Eulalio B. Austin, Jr. said the trade and industry department issued to the company a certification stating, among others, that mining is an export-oriented business, thus, it was covered by the exemption given to similarly situated companies that allowed the same to continue their uninterrupted operations during the community quarantine period. “We are grateful to the local officials and stakeholders of Itogon and Tuba for allowing the unhampered mining operations that made Philex meet is…
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Philex sees 4 MT/year copper-gold ore from Silangan by 2023

Philex sees 4 MT/year copper-gold ore from Silangan by 2023

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MANILA — Philex Mining Corp. said on Thursday it expects to produce up to 4 million tons per year of high-grade copper and gold ores from its $1.1 billion Silangan project in southern Philippines by 2023. Silangan is a large-scale mine that the Philippine miner plans to fully develop within two-and-a-half years. Philex is looking for a strategic partner for the project, which the miner aims to finalize within the first half of 2020 along with contracts that will pave the way for development. “The mine is designed for four million tons per year,” Philex President and CEO Eulalio Austin said in a statement. “We will start lower, then on the second year, that is in 2023, it will be a full four million tonnes per year,” Mr. Austin added.…
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Mining industry seen growing in 2020 on Indonesia export ban

Mining industry seen growing in 2020 on Indonesia export ban

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    By Vincent Mariel P. Galang Reporter THE Mines and Geosciences Bureau (MGB) said it is projecting the mining industry to grow next year, factoring in the priority mining projects in the pipeline, as well as increased prices for nickel ore due to the export ban in place in Indonesia, the top producer. “Personally, positive ang outlook ko (my outlook is positive). Una (First), we have signs, like yung ating mga (that our) priority projects that are going to proceed to developmental and commercial extraction,” MGB Director Wilfredo G. Moncano said in news conference. He cited projects like the Silangan Copper-Gold Project of Philex Mining Corp. in Surigao del Norte, and the Balabag Gold-Silver project of TVI Resources Development (Phils.), Inc. (TVIRD) in Zamboanga del Sur. In a Sept. 26 letter, the Department of Environment and Natural…
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A catalyst for inter-generational growth

A catalyst for inter-generational growth

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If we keep our ores underground, we will miss the boat again."   Mineral resources are the indispensable natural endowments of our planet that humans started harnessing since the stone ages more than 6,000 years ago. From stone tools, we now have all these gadgets and technologies that have become integral to our daily survival.The most prosperous nations have maximized the harvesting of their mineral resources for sustaining the development of new technologies essential for the operations of all its industries and is integral in accelerating the pace of new innovations. The International Monetary Fund’s (IMF) projected ranking for 2019 lists the United States, China, Japan, Germany, India, France, United Kingdom, Italy, Brazil and Canada as the top ten in terms of Gross National Product. All of them of course have…
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