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Philex Mining Corporation

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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), Silangan Mindanao Exploration Co., Inc. (SMECI) and Silangan Mindanao Mining Co., Inc. (SMMCI); and the energy and hydrocarbon business under 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. Currently, the group focuses on its core mining business.

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 63 years using the underground block-cave method. It is one of the longest 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. SMECI, through SMMCI, owns the Silangan project covering the Boyongan and Bayugo deposits in Surigao del Norte.

Source: SEC Form 17-A (2020)
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 [email protected]
Telephone Number (632) 8631-1381
Fax Number (632) 8882-9618
Website http://www.philexmining.com.ph