PMEA Blog

MANILA, Aug 14, 2009 (Dow Jones Commodities News via Comtex) — PLXCF | Quote | Chart | News | PowerRating — Philex Mining Corp. (PX.PH) said Friday its Padcal copper-gold mine in the northern Philippines had proven ore reserves of 73.8 million metric tons as of June.

The reserves have a copper content of 0.23% equivalent to 301.5 million pounds of copper and 0.48 grams a ton of gold equivalent to 880,000 ounces, the company said in a statement to the stock exchange.

Read more..

Click here to find out more about the Philippines’ Premier IT Mining support company