SUSTAINABILITY
Sustainability is at the heart of Philex Mining’s purpose driven organization. At the core of its business strategy is right and principled mining— a commitment that evolved from the principles under Republic Act (RA) No. 7942, also known as the Philippine Mining Act of 1995 and its Revised Implementing Rules and Regulations (IRR).
Having operated the Padcal Mine for over 65 years since 1958, the Company continues to prioritize the economic, social, and environmental impacts and contributions of its responsible mining operations in the Philippines.
Philex believes it plays a vital role as a right and principled miner, particularly as it operates in the Philippines , considered one of the most endowed with mineral resources, but also among the world’s most vulnerable when it comes to climate change.
The Company’s unwavering commitment to right and principled mining is manifested in its continuous enhancement of its sustainability approach and practices, to create lasting and meaningful impact, as well as to minimize the adverse effects of its operations on the environment and on its host and neighboring communities.