Philex expects ‘another good year’ on positive metal price outlook - BusinessWorld Online

PHILEX Mining Corp. is optimistic about its performance for the rest of the year amid the start of the development of its Silangan copper-gold project, according to its top officials.

The Silangan copper-gold project in Surigao del Norte is expected to commence commercial operations by 2025. It will require an initial $244 million to develop. “We are currently completing front-end engineering work. As of today, we have started the earth-moving works necessary for the commencement of underground tunneling work,” Mr. Bachoco said.

Mr. Austin said that the Philippines is one of the most endowed countries when it comes to mineral resources.

The ResponsibleMining industry mustn't be complacent. If they're to maintain their current favor (rare in this country) they need to police their own ranks vs. violations and proactively educate the public that mining can be responsible. PhilexMiningPA is certainly an example.

They really need support from the authorities, I know it will always be a good year for Philex always! responsibleMining WhyMining

I remember Silangan project is still under development but they it is under good governace too. its a good start for Philex

Philex proves the worth of mining, the govt must study what can it do and for sure its a good year not just for Philex but for the economy too! WhyMining

Will padcal continue its operations more years, hoping the govt will look forward!

Silangan mine is not yet starting their operations, what if the operations started earlier, as long as Philex contributes to and follows rules, sigurado babalik sakanila yan. WhyMining ResponsibleMining

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