PMEA Blog

MANILA, Nov 20 (Reuters) - Philex Mining Corp jumped as much as 9 percent in early trade on Friday following a newspaper report saying the president of San Miguel Corp was in talks to buy 22 percent of the Philippines’ top miner.

Ramon Ang, San Miguel’s president, was quoted by The Philippine Star newspaper as saying that he hoped to acquire a stake in Philex currently held by state pension fund SSS.

Read more..