Philippine tycoon says bigger mining areas key to riding EV boom
Nation needs bigger mines to justify refiners, Pangilinan says
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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.