Philex achieves first Safety Milestone for 2017

Philex achieves first Safety Milestone for 2017

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TUBA, BENGUET The safety of the workers and employees is of primary importance at the Philex Padcal mine site. (Photo by Darwin O. Sardez)

Philex achieves first Safety Milestone for 2017

Philex Mining Corp. has successfully achieved the first Safety Milestone set by its Safety program of 2017. Last May 21, the workers of the Philex-Padcal mine site accumulated 3, 020, 393 Man-hours Worked (MWH) Without Lost-time Injury (WLTI). 

A lost-time injury occurs when a person fails to perform normal work due to complications caused by injuries, permanent injuries, and injuries resulting to disabilities. The counting of lost-time injury starts from the time the injured person fails to report for work.

The Safety program for the year 2017 was planned by Philex-Padcal Operations on December 2016. One of the strategies was to set several milestones throughout the year which would be measured on Man-hours Worked Without Lost-Time Injury.

A target of 3 million MWH was scheduled to be achieved on May 31. In addition, targets of 5 million MWH and 7 million MWH were also set for Sept. 15 and Dec. 31, respectively.

The Safety Summit held last Jan. 31 kicked off a series of activities planned for the successful implementation of the Safety program. It was followed by the Safe Start Orientation for 0 to 5-year tenure employees conducted from Feb. 13 to April 20, which was attended by 1389 employees.

There were also three batches of reporting on User Orientation on Risk Management Module for the improvement of Non-Conformance, Risk Register & Objectives, Targets & Programs last March 23, as part of the Occupational Safety and Health Management  Standard of the Integrated Management System.

Furthermore, two Safety, Health and Environment (SHE) hours with Philex Mining CEO and President Eulalio B. Austin were held on Jan. 13 and May 18.

Should the first milestone be achieved on schedule, Austin promised during the SHE hour last May 18 that a kilo of cañao meat from an ethnic thanksgiving ritual shall be given to each Padcal employee as a token of appreciation of their efforts and contribution. As such, the cañao meat distribution was done by the management from June 8 to 10.

Philex Mining Corp. has more Safety activities lined up for the rest of the year as it continues to stay true to its commitment to the safety of the employees.

New Philex Board Members Mine Tour

New Philex Board Members Mine Tour

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Mine Tour. Officials of Philex Mining Corp. led by President and CEO Engr. Eulalio B. Austin, Jr. welcome Social Security System Commissioner Anita B. Quitain (4th from left), her chief of staff Atty. Fatima Zoryada Quitain (3rd from left), Comissioner Michael G. Regino (3rd from right), and Commissioner Jose Gabriel M. La Vina (4th from right) at the Saint Louis High School in Ampucao, Itogon, Benguet. Also in the photo are Philex Mining CFO Danny Y. Yu (far left) and Philex Padcal SVP and Resident Manager Engr. Manuel A. Agacoili (far right). The tour was part of the orientation of the Commissioners as new members to the Philex Board of Directors. The group went on a mine tour to get first-hand knowledge of the entire mining operation focused on strict adherence to the highest international safety standards. Austin said the mine has invested heavily in community development projects in sectors that include education, health, and livelihood. Philex Mining Corp., one of the oldest and largest gold and copper producers in Southeast Asia recently celebrated its 60th year and has been recognized in the past not only for its exellence in coporate social responsibility but also for its outstanding corporate governance.

Philex Mining Corp’s social projects

Philex Mining Corp’s social projects

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Philex Mining Corp. signed individual agreements with three of its five outlying communities on the implementation of social projects for this year amounting to almost P83 million. Roy Mangali, assistant resident manager of the company’s gold-and-copper operations in Padcal, and Joel Bauzon, chairman of barangay Dalupirip in Itogon, shake hands as Victorio Palangdan (right) and Ignacio Rivera (2nd from left), respective mayors of Itogon and Tuba, with Lionel Wanawan, manager at Padcal’s Legal Department, look on. PR

Philex donates 16-M for new agri high school

Philex donates 16-M for new agri high school

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PHILEX Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, recently donated P16- million to jumpstart the construction of the new Itogon Agricultural National High School in Itogon, Benguet Province.

During the groundbreaking ceremonies, from left: Philex Senior Vice- President and Padcal Resident Manager, Engr. Manuel Agcaoili, Itogon Mayor Victorio Palangdan, Itogon Vice- Mayor Adriano Carantes Jr., Mines and Geosciences Bureau – Cordillera Autonomous Region ( MGBCAR) Regional Director Faye Apil, Department of Education – Cordillera Autonomous Region ( DepEd- CAR) Regional Director Beatriz Torno; Benguet Schools Division Superintendent Federico Martin; Philex President and CEO Engr. Eulalio Austin Jr.; Itogon Municipal Engineer Charlie Gayasco; Ampucao, Itogon, Barangay Captain Eddie Amuasen; Itogon SB Member Johnny Galutan; and MGB- CAR Mine Safety and Environment Division Chief Engr. Felizardo Gacad.

Philex Mining CFO Danny Yu is ING-FINEX CFO of the Year 2016

Philex Mining CFO Danny Yu is ING-FINEX CFO of the Year 2016

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(MANILA, PHILIPPINES)  — Danny Y. Yu, Chief Financial Officer (CFO) of Philex Mining Corporation, was named the 2016 ING-FINEX CFO of the Year.The search, initiated by FINEX •€“ the premier professional organization for finance and financial services executives and decision makers in Philippine business, government, academe, and professional services •€“ in 2016 and in partnership with ING Bank N.V. Manila Office •€“ an acknowledged world leader in banking, insurance, and investment management services •€“ aims specifically to honor outstanding CFOs for the year. This has been made more momentous and purposeful as it is an award bestowed by one•€™s peers in the industry.

Now on its 10th year, Yu joins the elite ranks of nine other CFOs of the Year from the Ayala Group, the SM Group, Jollibee, Shell, and GMA Network, Inc. The extensive nationwide search, with the theme •€œA Decade of the CFO: Championing Good Governance•€ culminated with the lavish ceremonies held last November 23, 2016 at the Shangri-la Makati.

Yu has been with the First Pacific Group for nearly three decades and moved around ten companies within the group. He began his career with SGV & Co. in 1983 after completing his BS Commerce Degree, Major in Accounting, magna cum laude at the University of San Carlos in Cebu. He likewise holds a master•€™s degree from and a consistent Dean•€™s Lister at the Asian Institute of Management. When he came on board Philex in 2013, he helped transform the organization into one of the best performing and arguably the most awarded metallic mineral resource development companies in the country, including the PSE Bell Awards from 2015-2016, the 2015 ACGS Awards (Top 3 in the Philippines and Top 50 in the Region), the 2014 Asia CEO Awards and 2016 Investors•€™ Forum Awards •€“ all in the field of corporate governance.

Philex Mining Wins PSE Bell Award Twice In A Row

Philex Mining Wins PSE Bell Award Twice In A Row

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(MANILA, PHILIPPINES)  •€“ Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, recently won for the second time around the Bell Award for Corporate Governance given by the Philippine Stock Exchange (PSE). On hand to receive the award from PSE officials led by Chairman Jose T. Pardo (center), PSE President and Chief Executive Officer Hans B. Sicat (rightmost), and PSE Director and Bell Awards Core Committee Chairman Edgardo G. Lacson (leftmost) are Philex President and Chief Executive Officer (CEO) Eulalio B. Austin Jr. (fourth from left) and Philex Senior Vice-President for Public and Regulatory Affairs and MVP Group Media Bureau Head Atty. Michael T. Toledo (second from left). Philex Mining is currently celebrating its 60th  year as a Publicly-Listed Corporation (PLC) and has been recognized in the past not only for excellence in corporate governance but also in corporate social responsibility.