Philex Mining Corp. is mulling over a plan to partner with tycoon George Ty’s Global Business Power Corp. (GBPC) in putting up a coal-fired power plant in Silangan, Surigao del Norte.
Manuel Pangilinan, Philex Mining chairman, told reporters that the Silangan project “will probably be a joint venture” with GBPC, the holding firm for GT Capital Holdings Inc.’s power investments.
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