Philex needs $800 million to develop Silangan project
December 28th, 2009
Filed under: Operator - Philex
Philex Mining Corp. said it may need around $800 million to develop its Silangan project (formerly referred to as the Boyongan and Bayugo deposits) in Surigao del Norte.
In a disclosure to the Philippine Stock Exchange, Philex said the Silangan project, currently in the pre-feasibilty study stage, “could entail per initial and very rough estimate, the development cost of about $800 million.”
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