DJ First Pacific Wants To Increase Stake In Philex Mining

MANILA, Nov 12, 2009 (Dow Jones Commodities News via Comtex) — PLXCF | Quote | Chart | News | PowerRating — First Pacific Ltd. (0142.HK) said Thursday it wants to acquire an additional stake in Philex Mining Corp. (PX.PH), the Philippines’ largest gold and copper producer by sales.

“It remains our intention to increase our interest if we can. We’re quite happy where we are right now,” Robert Nicholson, First Pacific executive director said.

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