PMEA Blog

Philex Mining Corp., the Philippines’ biggest mining company, might buy into the Didipio gold project of Australian miner OceanaGold Phils. Inc., company president and chief operations officer Ernesto Villaluna said Wednesday.

“We are conducting due diligence now. We have to study the reserve, how to increase it, as well as [the project’s] fatal flaws,” Villaluna told […]

abs-cbnNEWS.com
MANILA, Philippines - Miner Philex Mining corp.’s exports of precious metals in July totaled P964 million.
In a regulatory filing at the Philippine Stock Exchange on Tuesday, Philex said that it shipped out gold worth P538 million, P418 million from copper, and P8 million from silver.
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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 […]

abs-cbnNEWS.com
MANILA, Philippines - Philex Mining Corp. has exported P930 million worth of gold, copper and silver in July 2, the company said on Monday.
In a disclosure to the Philippine Stock Exchange, the miner said it shipped out 9,591 ounces of gold valued at about P552 million, 2.685 million pounds of copper worth P370 million, and […]

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MANILA, Philippines - The value of mineral output from Philex Mining Corp.’s Padcal mine rose 16% to P4.21 billion in the first 5 months of 2010 from P3.64 billion in the same period last year.
Based on the firm’s disclosures to the Philippine Stock Exchange, production value rose on the back of higher metal prices as […]

Frank Longid and Cecilia Yap
June 3 (Bloomberg) — Philex Mining Corp., the Philippines’ biggest miner, may spin off hydrocarbon assets, including 70 percent of a gas field that could cut the number of power failures in the nation.
The “initial indications” are that the undeveloped field is similar in size to Royal Dutch Shell Plc.’s Malampaya […]

abs-cbnNEWS.com
MANILA, Philippines - Philex Mining Corp. said on Wednesday that the value of ore produced from its Padcal mine rose 13% to P2.5 billion in the first quarter of 2010 from P2.22 billion in the same period last year due to higher output and improving metal prices.
Based on the firm’s disclosures to the Philippine Stock […]

Philex Mining Corp. (PX.PH), the Philippines’ largest gold and copper producer, said Tuesday it had completed as of April 1 the shipment of 5,024 dry metric tons of copper concentrates.
The concentrates contained 7,872 ounces of gold, 2.6 million pounds of copper and 8,302 ounces of silver, the company said in a statement to the stock […]

PHILEX Mining Corp. plans to expand overseas, the chairman of the Philippines’ biggest mining firm said
“We are looking at purely gold and copper,” Manuel V. Pangilinan, who is also managing director of First Pacific Co. Ltd., told reporters. First Pacific owns a substantial stake in Philex. Pangilinan cited Indonesia as one of the possible expansion […]