Philex Mining Corp. was again recognized in the recent 57th Anvil Awards Gabi ng Parangal with a gold for its 2020 annual and sustainability report. This is the 8th year that the mining company received the honor.
Themed ‘A Brave New Day,’ the report assured stakeholders that Philex Mining remains a viable and sustainable business with the mine life of Padcal Mine extended up to December 2024, with studies under way for additional mineable reserves, and the new Silangan Copper and Gold Project getting ready for development and commercial operations, according to Philex president and chief executive Eulalio Austin Jr.
“The report communicated to its investors how the company is gearing up for the development of the Silangan Copper and Gold Project in Surigao del Norte, which has the potential as one of the big mining projects to propel the Philippines as a major regional copper and gold producer,” he said.
The report also highlighted the mining industry’s unique role in the country’s recovery from the pandemic.
