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May 07, 2015 1:22 AM ET

Metals and Mining

Company Overview of Philex Mining Corp.

Company Overview

Philex Mining Corporation, together with its subsidiaries, engages in the exploration, development, and utilization of mineral, and oil and gas resources in the Philippines. The company holds interests in the Padcal mine that produces copper concentrates containing copper, gold, and silver covering an aggregate of 95 hectares located in Benguet Province; and the Silangan project covering the Boyongan and Bayugo copper-gold deposits located in Surigao. It also owns interests in various service contracts for the acquisition, exploration, and development of oil and gas properties; and the production of hydrocarbon products in the Philippines and Peru. The company was incorporated in 1955 and is...

Philex Building

27 Brixton Street

Pasig City,  1600

Philippines

Founded in 1955

2,575 Employees

Phone:

63 2 631 1381

Fax:

63 2 633 3234

Key Executives for Philex Mining Corp.

Philex Mining Corp. does not have any Key Executives recorded.

Philex Mining Corp. Key Developments

Philex Mining Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Philex Mining Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was PHP 2,193,102,000 against PHP 2,699,530,000 a year ago. Income before income tax was PHP 415,901,000 against PHP 376,465,000 a year ago. Net income attributable to equity holders of the parent company was PHP 328,542,000 or PHP 0.0665 per basic and diluted share against PHP 252,528,000 or PHP 0.0512 per basic and diluted share a year ago.

Philex Mining Corp., Philex Petroleum Corporation, Q1 2015 Earnings Call, Apr 29, 2015

Philex Mining Corp., Philex Petroleum Corporation, Q1 2015 Earnings Call, Apr 29, 2015

PHILEX Mining Corp. Secures Approval for Silangan Copper Mine

PHILEX Mining Corp. has secured government approval to start the development of its $1.2 billion Silangan copper-gold mine on the island of Mindanao, giving the miner a new revenue source with the life of its Padcal mine expected to end in the next five years. Philex told the stock exchange the Department of Environment and Natural Resources, through the Mines and Geosciences Bureau, approved on April 10 the Declaration of Mining Project Feasibility of the Silangan project. Likewise, the government authorized Silangan Mindanao Mining Co. Inc., a subsidiary of Philex, to proceed to the Development and Operating Periods of Mineral Production Sharing Agreement No. 149-99-XII, subject to compliance with the conditions of the order. The approval is important for Philex with the mine life of Padcal, currently the company's big revenue generator, seen ending by 2020.

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Type
Date
Target
Merger/Acquisition
September 23, 2014
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