Philex Mining unit spending P500-M for Silangan exploration

July 8th, 2010

Filed under: Operator - Philex

abs-cbnNEWS.com

MANILA, Philippines - Silangan Mindanao Mining, Inc., a wholly-owned unit of Philex Mining Corp., will invest another P500 million for exploration work in the second half of the year.

In a briefing on Wednesday at the Mines and Geosciences Bureau, Silangan said it is scheduled to carry out scoping studies as preparation for the conduct of a pre-feasibility study by August 2010.

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