Jan 162014
 

MANILA, Philippines – Listed Philex Mining Corporation has appointed a new resident manager for its only operating mine in the country.

In a regulatory filing, the company announced that industry veteran Manuel A. Agcaoili has been appointed as senior vice president and resident manager of the Padcal copper-gold mine in Benguet.

He replaces Libby Ricafort who has retired.

Agcaoili holds a Bachelor of Science degree in Metallurgical Engineering from the University of the Philippines, graduating in 1980, and has a Masters in Business Administration from the Ateneo de Manila Graduate School of Business as of 2002.

He served as director and president of MBMI Resources Phils. Inc. and Senior Philippine representative of MBMI Resources, Inc. based in Vancouver.

He was also a director and president of Narra Nickel Mining and Development Corporation, Tesoro Mining and Development Corporation, and McArthur Mining, Inc.

Business ( Article MRec ), pagematch: 1, sectionmatch: 1

Agcaoili also served as a director and president of Rapu-Rapu Processing Inc. and a director of Lafayette Philippines, Inc.

He was previously connected with the Philippine Associated Smelting and Refining Corporation (PASAR).

Philex Mining has been operating the Padcal mine for 55 years, producing copper concentrate.

Philex is operating its copper-gold mine in Padcal, Benguet on a probationary capacity as it undertakes mine rehabilitation after the massive tailings spill that occurred in the mine in August 2012.

In the first nine months of the year, the Padcal mine in Benguet was among the top five producing mines in the country, generating P7.52 billion from metal sales.

Feb 062013
 
Philex renews call for MGB to lift order

MANILA, Philippines – Philex Mining Corp. is prodding the Mines and Geosciences Bureau (MGB) to immediately allow it to temporarily resume operations to enable it to fill the void in the compromised tailings pond no 3 of its copper-gold mine in Padcal, Benguet before the onset of the rainy season. Philex earlier petitioned the MGB to be allowed to temporarily resume operations to produce fresh tailings to fill the void and increase the stability of the tailings pond. The process called beaching was recommended by the foreign consultants hired by Philex for the rehabilitation of the tailings pond. Because the tailings pond was designed to hold solids, 3.5 million tons of fresh tailings should be dumped into the ponds to push away the water from the dam. This will create what is called a beach. It will take about three to four months to produce the volume of silt needed for beaching.  “We are requesting the MGB to lift the suspension to enable Philex to undergo rehabilitation before the rains come,” Philex president and chief operating officer Eulalio Austin Jr. said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Another option to fill the void in the tailings pond is to gather the spilled tailings from the contaminated waterways. However, this would be expensive and time consuming because the company would still have to install additional infrastructure such as roads and pumps in the mine site. Libby Ricafort,  Philex vice president for operations and Padcal resident manager, said the Read More …