Philex Mining News Today

Nation needs bigger mines to justify refiners, Pangilinan says

Residents of a village in Benguet, who depend on pocket mining, fear they would lose control of their land and small-scale mining sites

PHILEX Mining Corp. said Tuesday that a wholly owned subsidiary had secured a $100-million syndicated debt facility from local banks to support its ongoing development project.

PHILEX Mining Corp. announced last Tuesday of having secured a P100-million syndicated debt facility for Silangan Mindanao Mining Co. Inc., which Philex Mining refers to as the “Silangan project.” In its disclosure, an omnibus loan and security agreement were signed between Philex Mining executives and the lenders led by Union…

For the third quarter alone, the mining company posted a core net income of P163 million, lower than the P210 million recorded a year ago.

AS the House of Representatives appropriations committee passed on second reading a proposed mining tax measure, the mining industry players under the Chamber of Mines of the Philippines (COMP) vowed to work with lawmakers to help put in place a mining taxation they claim will make the country’s mineral development sector globally competitive and attractive

The big players in the country’s mining industry will gather various stakeholders for a conference on September 19 and 20 in Mandaluyong City to chart a path toward maximizing the potential of the mining sector while addressing market dynamics, industry trends, internal capabilities, environmental concerns, and economic impacts. Organized by…

ITOGON, Benguet: The municipal government of Itogon is urging the provincial board to issue the required certification to file action to bring to the court of law the eventual settlement of its boundary dispute with Bokod.

Some of the Private Sector Advisory Council's recommendations include the swift privatization of NAIA, a VAT refund for foreign tourists, and a PPP deal for the national ID system

The value of the country’s metallic mineral production rose by nearly 23 percent in the first quarter, largely due to higher production of most metals and favorable gold prices.