While millions of jobs were lost last year across most sectors following the lockdowns put in place to contain the Covid-19 pandemic, employment in the Philippine mining industry remains largely unaffected. This is due mainly to the resilience of the minerals development sector and the efforts of mining firms to keep their workers employed.
PHILEX Mining Corp. saw its core net income climb to P1.149 billion in the first six months of 2021, an increase of 186 percent from last year’s P402 million. “Satisfactory execution of the mining plan resulted in sustained level of metal output, and optimum operating cost and expenses delivered the higher core net income for the […]
Philex said the satisfactory execution of the mining plan and mill operations resulted in the production of 13,612 ounces of gold and 6.435 million pounds of copper for the second quarter. This brought total metal output in the first half to 27,025 ounces of gold and 13.205 million pounds of copper. “The global outlook […]
Philex Mining Corporation one of the oldest and largest gold and copper producers in Southeast Asia, has, after the completion of confirmatory drilling and related technical studies on the mining methodology and Tailings Storage Facility (TSF) No. 3, successfully identified from the end of 2022 additional mineable reserves in its Padcal Mine that are feasible […]
MANILA, Philippines — The country’s mining industry maintained its contribution to gross domestic product (GDP) of 0.5 percent in the first quarter despite a decline in value, data from the Mines and Geosciences Bureau (MGB) showed. Based on the latest figures from the MGB, the gross value added in mining amounted to P22.5 billion during […]