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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…
Pangilinan-led Philex Mining Corp. can now proceed with its stock rights offering after it received its permit to sell from the Securities and Exchange Commission.
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 25 percent growth in core net income to P676 million in the first quarter of 2022 from P540 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the fi
Philex Mining Corporation is postponing its planned P3.15 billion stock public offering “given the current market volatility to help ensure its success.” In a disclosure to the Philippine Stock Exchange, the firm said it had agreed with issue manager and lead underwriter for the offer BDO Capital &
‘Mining is not the enemy. Poverty is. The lack of the most basic necessities, the lack of opportunities, the lack of choices these pernicious deficits have plagued our people for far too long, in far too many places. Yet, the supreme irony is that, in the midst of all this poverty, lie one of the world’s richest natural resources, a gift of providence endowed to our people.’ — MVP