Philex to acquire mining firm

From: www.abs-cbnnews.com.

Philex Mining Corp., the country’s biggest miner by market value, hopes to acquire at least one local or foreign mining company before the life of its Padcal mine in Benguet province ends.

Last year, Philex announced it was extending from 2011 to 2014 the life of its Padcal mine, the only operational copper-gold mine in the Philippines.

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