Philex Mining Corp. said Thursday it spent over P400 million for various projects under its Social Development Management Program over the last five years.
“We incurred P117 million for SDMP-related Corporate Social Responsibility initiatives and an aggregate sum of P454 million over the last five years to further our goal of inclusive economic growth and progressive social structures within our areas of operation,” Philex Mining president and chief executive Eulalio Austin Jr. said.
Austin said projects included community engagement and development programs, health services and medical missions, equipment turnover, construction and rehabilitation of several school buildings, educational assistance programs and scholarship grants.
Philex also provides financial and technical assistance to livelihood ventures of residents in farming, livestock and food processing, free electricity and water and construction and maintenance of infrastructures.
