Scholars Pay Homage to Philex Mining

Scholars Pay Homage to Philex Mining

Press Releases

TUBA, Benguet – Only the two of them graduated out of the 20 students who had taken up mining engineering in a batch of scholars. The rest had either shifted to other academic disciplines but remained as scholars or lost their scholarships after they failed to make the cutoff grade-weighted average and other requirements by Philex Mining Corp.

One of the two graduates landed on the top 10 among the 281 passers-out of the 317 examinees who took the board exams administered in Manila, Baguio, Cagayan de Oro, Cebu, and Legazpi by the Professional Regulation Commission (PRC), on Aug. 8 – 10.

“I am proud to say that I was a scholar of Philex Mining,” said Myla Jane Mangoltad, who graduated cum laude and placed 10th in the board exams, in an interview. “This provided a lot of benefits: first is the financial aspect, as Philex Mining became the partner of my parents and I in attaining my degree; second is the bond me and my co-scholar created together with the management, especially the ComRel [Community Relations Dept., Padcal mine] through the different activities it has implemented for its scholars; and, lastly, is the pride of being a scholar of this prestigious company.”

Mangoltad, 21, and her co-scholar, the 22year-old Jason Adonis, both hail from Tuba, one of the two towns-the other being Itogon-hosting Padcal mine, Philex Mining’s gold-and-copper operations in Benguet. She lives in Sitio Mangga, Brgy. Camp 3, while he is from Sitio Piminggan, Brgy. Ansagan. They both went to Saint Louis University (SLU), in Baguio City, and became Philex scholars in 2013, enjoying free tuition, a monthly stipend, and book allowance.

Stressing that free education is one of the best gifts a company could give to its stakeholders, Eulalio Austin, Jr., CEO and president of Philex Min- ing, said, “And I am so happy and very proud that we are able to provide this to our deserving students. Not only have we adhered to our commitment in community development and environmental protection, we also have secured the future of the youth in our host and neighboring communities through our various education projects.”

The company has for this year set aside P14.4 million for its scholarship grants to college, highschool, and elementary students, as well as for those in the technical/vocational (TechVoc) courses. Last year, it allotted P11.8 million for its 114 full college and 24 TechVoc scholars; 374 students in elementary and high school who received educational subsidies; and 130 secondary students who were given education assistance (monthly monetary allowance).

Philex kicks off planting trees and tropical plants

Philex kicks off planting trees and tropical plants

Press Releases

PHILEX MINING Corp. has so far planted more than 48,000 different tree species and flowering plants in over half of the targeted number of hectares of land in this town and Itogon, the two municipalities hosting its gold-and-copper operations in this province, for this year’s reforestation program.

Leon Mocate, senior forestry coordinator at the Environmental Quality Monitoring and Enhancement Dept. (EQMED) of the company’s Padcal mine, in Tuba Sitio Padcal, Brgy. Camp 3, said the new tree-planting projects will see massive implementation this month, after which the program is seen to focus on the maintenance of previously reforested areas. 

He said personnel of Padcal mine’s different departments kicked off the planting of trees and tropical plants, a project worth P910,281 that has been reinforced through the company’s engagement of 10 contractors, each with a team of at least 5 people. With a survival rate of 90 percent , this year’s reforestation program, which aims to reforest 50 hectares (has.) of land with 83,350 trees, involves the planting of forest trees Benguet pine, kupang, narra, ipil-ipil, and antsoan dilau; guava, a fruit-tree; and the tropical flowering plants bougainvillea, calliandra, and coffee.

“We are committed to continue marching on with our reforestation program every year, which we have adhered to over the past more than six decades of conscientious and responsible mining,” the company’s CEO and president, Eulalio Austin Jr., said.

Already, Philex Mining has reforested close to 3,000 has. of land in Tuba and Itogon with over 8 million trees planted

Firm grants P1.4-M worth of health insurance to indigents

Firm grants P1.4-M worth of health insurance to indigents

Press Releases

TUBA, Benguet — Philex Mining Corp. granted P1.48 million worth of health insurance to 620 individuals, together with their families this year, bringing to P3.4 million the total amount of coverage given to the indigent residents in the outlying communities of its Padcal mine in this province over the past four years.

“We received and still continue to receive so many requests for free health insurance from residents in our host and neighboring villages, and granting them such is our way of being in the frontline of a humanized, conscientious, and responsible mining,” Aurora Dolipas, manager at Padcal’s Community Relations (ComRel) Dept., said.

ComRel’s Crisel Rosado and Mila Salinas, who are part of a team that screens and processes applications for free health insurance, said Philex Mining shelled out P897,600 for the Philippine Health Insurance Corp., coverage of 374 individuals last year, P655,200 for 273 beneficiaries in 2015, and P366,000 for 183 people in 2014, when the project was launched.

They stressed spouses and children of the respective beneficiaries were given the same free health-insurance coverage, the funds of which were taken from Padcal’s Social Development and Management Program (SDMP), one of the three major CSR, or corporate social responsibility, projects being pursued by Philex Mining in line with is adherence to conscientious and responsible mining.

The company is mandated to allot 1.5 percent of its previous year’s total operating expenses for the current year’s SDMP; Information, Education, and Communications (IEC) campaign; and Development of Mining Technology and Geosciences (DMTG). Of the total allocated budget, SDMP gets the lion share of 75 percent while IEC is given 15 percent and, DMTG, 10 percent. Padcal, the company’s sole operating mine, has two barangays—Camp 3, in Tuba, and Ampucao, in Itogon—for its host communities, as well as three neighboring villages, namely, Camp 1 and Ansagan (both in Tuba) and Itogon’s Dalupirip.

These five barangays, with a total population of more than 27,000 in 7,896 households, are collectively referred to as outlying communities.

Rosado and Salinas said of this year’s total beneficiaries, 285 are residents of Barangay Camp 3 while 200 are in Barangay Ampucao, 50 in Barangay Ansagan, 45 in Barangay Camp 1, and 40 in Barangay Dalupirip. As part of its health projects under SDMP, Philex Mining has also held medical and dental missions to remote villages, bringing doctors, dentists, and nurses to the doorsteps of their less fortunate stakeholders and spending hundreds of thousands of pesos for medicines in each visit.

Between 2003 and 2015 alone, Philex Mining had spent P25.2 million for its health-care program in its host and neighboring villages. The company had also constructed health-care centers and sanitary facilities in the outlying communities. (PR) 

Philex completes P40-M 2016 infrastructure projects

Philex completes P40-M 2016 infrastructure projects

Press Releases

TUBA, Benguet — Adhering to its duty of implementing public infrastructure in its host and neighboring communities, Philex Mining Corp. has completed P40.34 million worth of projects like farm-to-market roads, bridges, electrification, and potable water systems from the whole of 2016 until the first half of this year.

The total amount represents 60.23 percent of the P67 million budget allotted for the various infrastructure projects under the company’s 2016 Social Development and Management Program (SDMP) according to Aurora Dolipas, manager of the Community Relations (ComRel) Department at Philex Mining’s Padcal mine in the province.

“More projects are ongoing and we have been working very hard to deliver these during the second semester,” she said. “These as much represent our commitment to community development as our adherence to responsible mining over the past more than six decades of operations.”

Marvin Padinay, a civil engineer who works as projects coordinator at ComRel, said a total of 67 projects were delivered to outlying communities (both host and neighboring) last year, worth P24.5 million or 36.58 percent of the 2016 total infra budget of P66,987,723.13.

The construction of a retaining wall in the Tuba barangay of Camp 3 topped all the other projects done last year at P1.58 million and was completed in July 2016. This year, a P3.61-million rehabilitation of a slope protection wall in Itogon’s Sitio Samoyao, Ampucao village, led the two other projects delivered during the second quarter with a combined cost of P5.95 million.

ComRel’s Marvin Agustin, who monitors the infra projects being implemented, earlier said the company completed P15.84 million worth of public infrastructure during the first half of 2017 that was part of the 2016 SDMP, with those delivered between April and June alone amounting to P5.95 million and, for the first quarter, P9.88 million.

Philex Mining had set aside P81.53 million for its 2016 community-development projects under the SDMP, which, besides public infrastructure, also covers free health-care services to stakeholders and medical missions in remote areas; scholarships for students in elementary, high school, college, and technical-vocational; and livelihood programs.

Padcal, Philex Mining’s sole operating mine, has Camp 3 and Ampucao for its host barangays, while its neighboring barangays consist of Camp 1 and Ansagan (both in Tuba) and Dalupirip (Itogon).

Its final 2016 report on social projects also showed that Philex Mining set aside P16.31 million for its media and public campaign on the benefits derived from mining, and another P10.87 million for the development of the industry.

A large-scale miner is mandated to set aside for the current year an amount equivalent to 1.5 percent of its total operating expenses the previous year. The amount is then divided into 75 percent for SDMP, 15 percent for the Information, Education, and Communications (IEC) campaign, and 10 percent for the Development of Mining Technology and Geosciences (DMTG).

Philex Mining had allotted a total of P110 million for its 2016 SDMP, IEC, and DMTG based on its 2015 operating expenses of P7.3 billion. Its SDMP-IEC-DMTG allocation for this year, on the other hand, amounts toP110.48 million. 

Philex spends more for environmental projects

Philex spends more for environmental projects

Press Releases

MANILA, Philippines – Philex Mining Corp. hopes to continue taking care of the environment beyond what is required by law as it spent P89.53 million, or 20.5 percent of its total budget of P436.94 million for this year’s environmental and enhancement projects, including the management of land and water resources, hazardous waste, and air quality, as well as the third-party monitoring of mine facilities.

In a report submitted to the Mines and Geosciences Bureau (MBG), the gold-and-copper producer said water-resource management, which covers mainly the improvement of its open spillway and the maintenance of the offset dike at its Tailings Storage Facility No. 3 (TSF3), ate up P64.44 million between January and March, or 19.7 percent of its whole-year budget of P326.95 million.

It also told the MGB, a mining-industry regulator under the Department of Environment and Natural Resources (DENR), that it spent P23.67 million for the various reforestation and forest-protection projects for the first three months, or 24.2 percent of the P97.87-million fund allocated for the land-resource management aspect of its 2017 Environmental Protection and Enhancement Program (EPEP).

 

“We have just started implementing our reforestation projects, as we have done this annually during the rainy season starting from June until December,” Julius Bayogan, manager at the Environmental Quality Monitoring and Enhancement Dept. of Philex Mining’s operations in this town’s Sitio Padcal, said. “The other programs are done year-round or as needed.”

He added that spending for the mine rehabilitation and regular monitoring of TSF3 by a multi-sectoral committee reached P692,246 while that of air-quality management amounted to P579,100, both for the first quarter, or 36.41 percent and 22.7 percent of the respective allocated funds of P1.9 million and P2.55 million for the whole year.

“We have 14 sampling stations within the area of our operations and another 12 sampling stations in the adjoining areas of Padcal mine as part of our commitment to follow and implement regulations on clean air and water,” Eulalio Austin Jr., CEO and president of Philex Mining, said.“And we have passed all the water quality standards imposed by both local and international regulatory bodies.”

Business ( Article MRec ), pagematch: 1, sectionmatch: 1

Bayogan said money spent for the disposal and treatment of used oil, hospital waste, cupels, asbestos and transformer oil, meanwhile, reached P149,917 between January and March, or almost two percent of P7.67 million allotted for the hazardous- and toxic-waste management under the 2017 Annual EPEP (AEPEP).

Philex Mining SVP and Padcal resident manager Manuel Agcaoili said environment-related expenses for 2016 reached P446 million, or 12 percent of the company’s direct mine and milling costs of P3.696 billion for the same year. In 2015, the company shelled out P269 million for its AEPEP, or 4.5 percent of direct mine and milling costs amounting to over P6 billion.

“This means that we even exceeded what’s required of us in 2016,” he said, adding that the EPEP requires an annual spending of three to five percent of a miner’s direct mine and milling costs for the same year. “And maybe we would do the same for this year.”

 

Press Releases

TUBA, Benguet — Philex Mining Corporation spent P89.53 million, or 20.5 percent of its total budget of P436.94 million for this year’s environmental and enhancement projects.

The budget include management of land and water resources, hazardous waste, and air quality, as well as the third-party monitoring of mine facilities.

Water-resource management, which covers mainly the improvement of its open spillway and the maintenance of the offset dike at its Tailings Storage Facility No. 3 (TSF3), ate up P64.44 million between January and March, or 19.7 percent of its whole-year budget of P326.95 million, the gold-and-copper producer said in a report submitted to the Mines and Geosciences Bureau.

The report added Philex spent P23.67 million for the various reforestation and forest-protection projects for the first three months, or 24.2 percent of the P97.87-million fund allocated for the land-resource management aspect of its 2017 Environmental Protection and Enhancement Program (EPEP).

“We have just started implementing our reforestation projects, as we have done this annually during the rainy season starting from June until December,” Julius Bayogan, manager at the Environmental Quality Monitoring and Enhancement Department said.

“The other programs are done year-round or as needed,” he added.

Bayogan said spending for the mine rehabilitation and regular monitoring of TSF3 by a multi-sectoral committee reached P692,246 while that of air-quality management amounted to P579,100, both for the first quarter, or 36.41 percent and 22.7 percent of the respective allocated funds of P1.9 million and P2.55 million for the whole year.

“We have 14 sampling stations within the area of our operations and another 12 sampling stations in the adjoining areas of Padcal mine as part of our commitment to follow and implement regulations on clean air and water,” said Eulalio Austin, Jr., CEO and president of Philex Mining.

“And we have passed all the water quality standards imposed by both local and international regulatory bodies,” he added.

Bayogan said money spent for the disposal and treatment of used oil, hospital waste, cupels, asbestos, and transformer oil, meanwhile, reached P149,917 between January and March, or almost two percent of P7.67 million allotted for the hazardous- and toxic-waste management under the 2017 Annual EPEP.

Philex Mining SVP and Padcal resident manager Manuel Agcaoili said environment-related expenses for 2016 had reached P446 million, or 12 percent of the company’s direct mine and milling costs of P3.696 billion for the same year. In 2015, the company shelled out P269 million for its AEPEP, or 4.5 percent of direct mine and milling costs amounting to over P6 billion.

“This means we even exceeded what’s required of us in 2016,” he stressed, saying the EPEP requires an annual spending of 3 to 5 percent of a miner’s direct mine and milling costs for the same year. “And maybe we would do the same for this year.” (PR)

Bishop tells youth to promote Christianity

Bishop tells youth to promote Christianity

Press Releases

GUARDIANS OF ENVIRONMENT — Bishop Victor Bendico of the Diocese of Baguio urges students from the various parishes of Benguet who gathered at Sitio Pacdal in Tuba, Benguet to care for God’s creation as an act of service to the one true God during the three-day 2nd Vicariate youth camp sponsored by the Diocese of Baguio and hosted by Philex Mining’s Padcal mine.
— Contributed Photo

TUBA, Benguet – Baguio Bishop Victor Bendico enjoined the youth to care for God’s creation, including mining environment, and reflect on their faith and promote the Christian spirit in their respective communities.

“We must all take care of our faith for this will lead us to eternity,” Bendico said in a homily during a mass held May 29 at the gymnasium of the Saint Louis High School-Philex.

Bendico also told about 250 students and other youth representatives to emulate Jesus Christ in His priestly, prophetic, and kingly actions.

“You are part of the big Christian family by virtue of your baptism, you can be prophetic by living and sharing the life of Jesus, and you can be kingly by serving others.”

He added, “Our faith also challenges us and directs us to love one God, and to care for God’s creation. You are surrounded here with beautiful mountains. You have trees, water, and clean air. Help your gimong, which is part of our hope of hope.”

The students, who came from nine of the Benguet parishes, gathered in Sitio Padcal, where Philex Mining has its gold-and-copper operations, for the 2nd Vicariate Youth Camp, a three-day event sponsored by the Diocese of Baguio and hosted by Philex Mining’s Padcal mine.

With the theme “Forming BECs that are agents of communion, participation, and mission,” the youth camp ended May 31 with a send-off mass and a boodle fight lunch for its participants.

The 1st Vicariate Youth Camp was held in May 2012 at the Immaculate Conception Parish, in Bokod, according to Angeila Greff Aratas, youth coordinator for the Sto. Niño of Prague Parish.

“We are going to grant scholarships to more students for the incoming school year, as part of our social development work for stakeholders,” Aurora Dolipas, manager of Padcal’s Community Relations Department said in her presentation during the youth camp.

“If our host and neighboring communities want us to focus more on education, then we will grant it to them.”

Philex Mining had spent P101 million between 2003 and 2016 for scholarships and other programs on quality education involving elementary, high school, college, and graduate students from its outlying communities – both host and neighboring villages.

For 2017, Philex Mining has allotted P15.7 million for its education program.

 

 

CTA tells BIR to return P58-M paid VAT to Philex

CTA tells BIR to return P58-M paid VAT to Philex

Press Releases

 

The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue (BIR) to return to a mining company some P58 million in unutilized input value-added tax (VAT).

In a 13-page en banc resolution, the CTA affirmed the decision of its Second Division to refund the excess tax payments to Philex Mining Corporation for the two quarters of 2012.

It said the BIR erred in denying the tax refund claim stressing that the mining firm was able to present documents showing that it sold gold, silver and copper to its foreign clients, namely; Pan Pacific Copper Limited of Japan and Louis Dreyfus Commodities Metals Suisse of Switzerland.

As a result, the court said the sale can be considered zero-rated and Philex is entitled to be refunded for all its input VAT or taxes paid in the purchases of supplies and equipment.

The court stated that the input VAT claim by Philex was not applied to its previous tax liabilities.

The court added that the BIR cannot demand what type of supporting documents the VAT taxpayer should submit, sufficed that it was able to present invoices from the export sales.

by Jun Ramirez

 

 

Philex welcomes recommendations call for transparency

Philex welcomes recommendations call for transparency

Press Releases

TUBA, Benguet — Philex Mining Corp. welcomes and supports recommendations for more transparency in the extractive industries made by an international-standard group.

The recommendation includes the online posting of fund releases, strict monitoring of how taxes are spent, disclosure of local-government shares to trace backlogs, and a system to keep tabs of royalties due to indigenous peoples.

“I’ve always said this—that you can look at our records, look at how we do things, and so you could speak for us,” CEO and president, Eulalio Austin, Jr., said, following the release of the third report on the Philippines by the Extractive Industries Transparency Initiative (Eiti).

“We find reports such as these as the best way for us to show you how we operate,” Austin Jr. added.

Stressing that the Philippine government “gained a firm foothold in furthering transparency in the extractive sector” with the first two country reports, the Norwegian-based non-profit Eiti said its latest report has adopted the same aim and purpose, but also covers reconciliation procedures in tax payments made by companies in the extractive industries.

“While the objectives remain the same, the third PH-Eiti report endeavors to advance the current position of the country in terms of information clarity and transparency; and ensure accessibility of data on revenues from the extractive sector,” the 330-page report, covering the fiscal year 2014 and launched Thursday, May 11, said.

The Multi Stakeholder Group, which puts the report together, recommended certification of tax collections be posted on the website of the concerned agency—Department of Finance, Bureau of Internal Revenue (BIR), or Department of Environment and Natural Resources-Mines and Geosciences Bureau, or Department of Energy, or the Bureau of Treasury (BTr), which is tasked to directly release local government unit (LGU) shares under the new guidelines.

The Department of Budget and Management (DBM) had requested the collecting government agencies to include in the certifications they submit to BTr all the information required by Eiti, following recommendations by the first and second PH-Eiti reports on the “disaggregation of LGU’s share in national wealth according to the different types and sources of payment on a per company basis.”

The Third PH-Eiti Report (FY2013) also recommends, among other things, that the BTr “strictly monitor” LGU compliance on the required submission of fund-utilization reports, a copy of which must be provided as well to the PH-Eiti that the DBM regional offices submit information on LGU shares for earlier years before 2013, when the Eiti first reported on the Philippines, to trace backlogs and the issuance of administrative order requiring companies to take part in the EITI process.

For 2014, Philex Mining led fellow miners in pursuing environmental projects with expenditures of P430.5 million, followed by the Cebu-based Carmen Copper Corp. at P363.6 million, and Taganito Mining Corp., in Surigao del Norte, at P345 million. For social projects in the host and neighboring communities, Philex Mining spent P74.5 million while OceanaGold, which operates the Didipio Mine in Nueva Vizcaya, spent P79.5 million and, Carmen Copper, P41.6 million.

The latest PH-Eiti report said the government collected a total of about P53.33 billion from the extractive industries for 2014, of which P10.88 billion came from mining and P42.4 billion from oil and gas. It added that total variance post-reconciliation amounted to P518.4 million.

 

 

 

Philex improves metal recovery as net income rises to 18%

Philex improves metal recovery as net income rises to 18%

Press Releases

TUBA, Benguet — Philex Mining Corp. enhanced its “flotation process” to improve metal recovery, even as it announced an 18 percent rise in core net income to P458 million for the first quarter. In its April 26 filing to the Securities and Exchange Commission (SEC), the gold-and-copper producer said that the Padcal, its sole operating mine located in the province, operated for 88 days between January and March, milling 1.998 million metric tons (mmt) of ore as against the 2.325 mmt a year earlier. “The lower tonnage was affected by less operating days and equipment availability issues,” it said. “The Company initiated measures to improve metal recovery, by enhancing the flotation process, to offset the lower milling tonnage.” The company’s senior metallurgist, Frederick Remolana, said the miner has since used better reagents which are also biodegradable as well as implemented other operational improvements to achieve better metal recovery. Remolana added flotation produces metals in the form of copper and gold concentrates at the mill by separating valuable minerals from the gangue, or impurities, in the ore. The company, meanwhile, contributed P473 million to nation-building in the form of taxes, fees, and other monetary amounts for community development and environmental protection. Taxes due to national and local governments alone reached P250 million while various fees and withholding taxes amounted to P111 million. “In addition, P64 million was spent for reinforcing and further strengthening existing pollution-control devices to ensure the safe quality of air and water resources at all times as well as to maintain proper waste management within the mine site and around its host and neighboring communities,” the company also said in its SEC filing. Another P23 million was spent by the company for the first three months to sustain its implementation of social projects, including free health-care services, education assistance, livelihood, and public infrastructure in its five outlying communities (both host and neighboring barangays). “Over and above the healthy financial performance in the first quarter, our commitment to advocate responsible mining, following stringent local and international standards, remains paramount,” Eulalio Austin Jr., the company’s chief executive officer and president, said in the SEC filing. “It is for this reason that we continue to roll out the activities we committed under the many agreements we have signed with the government and pursue the initiatives we vowed to provide our host and neighboring communities, in accordance with law, oftentimes exceeding what is required from us.” The metal recovery rate for copper surged 84 percent during the first quarter from a year earlier as grades improved to 0.209 percent, while recovery rate for gold jumped 83 percent as grades improved to 0.421 grams per ton. First quarter tonnage yielded 7.752 million pounds of copper and 22,451 ounces of gold, as against 8.425 million pounds and 22,451 ounces, respectively, a year earlier. Improved metal prices and favorable exchange rates, partly offset by lower metal output, resulted in consolidated revenues of P2.542 billion for the first quarter, as compared to P2.39 billion during the first three months of 2016. The company’s SEC filing also said that average realized prices for copper and gold reached $2.77 per pound and $1,264 per ounce, respectively, during the first three months, as compared with $2.25 per pound and $1,239 between January and March 2016. It added, “In addition, the realized foreign exchange rate of US$50.32/P1 compared with US$46.90/P1 in the same period last year also made a positive contribution.” (PR)