Philex Mining has expressed hopes for a better future for the country’s mining sector, despite an uncertain investment direction that government wants, as it supports this year’s biggest and most prestigious conference and exhibition on the industry.

They came not only to offer prayers in thanksgiving and celebrate with the officials and employees of Philex Mining Corp. for the normal operations of Padcal mine, they also stressed the company’s promotion of the “greater good” via responsible mining.

The Batch '83 of Saint Louis High School-Philex has helped in Philex Mining's refo program, planting 900 seedlings and saplings across 5,000 sq m of land behind their alma mater in Brgy. Ampucao, Itogon. 

Philex Mining Corp. today received an order from the Mines and Geosciences Bureau granting the full operations at Padcal mine, in Benguet, as the government regulator permanently lifted a cease-and-desist order issued after a 2012 tailings-leak accident. 

Philex Mining Corp. and the National Power Corp. have agreed to sit down and identify parts of the land at the NPC-controlled watershed area that the miner’s Padcal operations, in Benguet, will have to reforest over five years.

With a budget of P2.98 million, Philex Mining Corp. has granted 15 scholarships—or less than half its target of 34—for graduate studies, including law and medicine, to deserving beneficiaries at its outlying communities in Benguet.

Michael Toledo, media-bureau head of the MVP group of companies and SVP-Corporate Affairs at Philex Mining Corp., has been named this year’s CEO Excel awardee by the International Association of Business Communicators (IABC) Philippines.

Philex Mining had spent about P13 million for its social projects done and delivered in the outlying communities during the first half of the year, P3.5 million of which was the worth of projects carried over from last year, its Padcal mine, in Benguet, said.

Benguet Gov. Nestor Fongwan has praised Philex Mining for its environmental programs implemented by Padcal mine, in his province, as they signed a public-private partnership on climate-change advocacy with six other government and nongovernment offices.

The Board of Directors of PSE:PX today announced an Unaudited Core Net Income of P280.6 million in the second quarter, up from P278.4 million in the first quarter as the Company cushioned declining ore grades and low metal production.

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  • Padcal Mines, which Philex has been operating since 1958, is the first underground block cave operation in the Far East.  

  • Silangan Project combines the Boyongan and Bayugo deposits, which are comprised of gold, copper, and silver.  

  • Philex is exploring the possibility of re-opening the Bulawan Project, which is now on care-and-maintenance phase.  

  • Exploration work in Sibutad Project concentrated on the boundaries between the municipalities of Rizal and Sibutad.