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Philex Mining Corporation

Company Description
Philex Mining Corporation (PX) was incorporated on July 19, 1955 to primarily engage in mining activities. The Company and its subsidiaries are organized into two main business groupings: the mining business under the PX, Philex Gold Philippines, Inc. (PGPI) and Silangan Mindanao Mining Co., Inc. (SMMCI); and the energy and hydrocarbon business under the PXP Energy Corporation but not until July 15, 2016, when PXP and its subsidiaries ceased to be subsidiaries of PX as a result of loss on control through property dividend declaration. Thus, as of December 31, 2016, the Company's mining business remains as its only business segment.

PX and its subsidiaries are primarily engaged in large-scale exploration, development, and utilization of mineral resources. The Company operates the Padcal mine for the past 59 years using the underground block-cave method. It is one of the oldest operating mines in the country and produces copper concentrates, containing copper, gold and silver. PGPI operated the Bulawan mine in Negros Occidental until the second quarter of 2002. Silangan Mindanao Exploration Co., Inc., through SMMCI, owns the Silangan project covering the Boyongan and Bayugo deposits in Surigao.

Source: SEC Form 17-A (2016)
Security Information
Sector Mining and Oil
Subsector Mining
Corporate Life 50
Incorporation Date Jul 19, 1955
Number of Directors 11
Stockholders' Meeting as per By-Laws June - any day
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Stock Transfer Service, Inc.
Contact Information
Business Address 2/F, LaunchPad Reliance corner Sheridan Streets, Mandaluyong City
E-mail Address
Telephone Number 631-1381 to 88
Fax Number 633-3242; 634-4441