Regions
Philex deposits P137M for mine rehabilitation

TUBA, Benguet: Philex Mining Corp. has come up with the P137-million required deposit for its final mine decommissioning and rehabilitation plan after the projected end of the mine life of its Padcal site by the end of 2024.

Philex official spokesman and lawyer Eduardo Aratas said the mining company was able to deposit in full with its depository bank the funding requirement for the implementation of its programmed mine rehabilitation.