Dossier on Philex Mining Corporation

(Focus on Benguet operations)

 

by Arturo Boquiren, Assistant Professor in Economics

University of the Philippines-Baguio

 

For the Linis Gobyerno Incorporated and Alyansa Tigil Mina

(The work is an implementation of cooperation

between Linis Gobyerno and Alyansa Tigil Mina but the views expressed

do not necessarily reflect the views of the two organizations)

 

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Section

 

 

Cover page and table of contents

 

I.

Introduction

1

II.

History of operation

3

III.

Philex Mining Corporation today

6

IV.

Geology, reserves, and mining method/processing

 

 

A. Geology

16

 

B. Reserves

19

 

C. Mining method/processing

20

V.

Wastes and risks to the environment

 

 

A. Overview on Philex operations

30

 

B. Wastes, tailings ponds, and route of waste (part1, part 2)

32

 

C. Risks to the environment

39

VI.

Conclusions and recommendations

43

 

Bibliography

45

 

 

  

 

 

 

 

 

 

 

ABSTRACT

 

Philex Mining Corporation was established in Benguet in 1955 but mining operations started in 1958. As of 2009, it has been in Benguet for more than 51 years. Mineral production started at 800 tons per day although mill capacity has been at 2,000 tons per day. Philex Mining Corporation 2008 income from gold, copper, and silver was around P 9.7 billion (P5.4b from gold, P4.3b from copper, and P85.1b from silver). The total hectares of land utilized to generate the income were 39,440 hectares (covering 14,256 in Benguet and 24,184 hectares in Surigao). This implies that Philex mining yields only P246,174 of revenues per hectare. 

 

Philex Mines has mined and milled a total of 293.6 million tons of ore over 47 years, from 1958 to 2005. The Philex production generated a total of US2.6 billion through exports. By 31 December 2006, total ore milled reached 311 million metric tons and generated US$2.7 billion through exports. In contrast, Department of Science and Technology-Philippine Council for Agriculture, Forestry and Natural Resources Research and Development (DOST-PCARRD) sources say that gross income from saluyot production is higher at P640,000 per hectare.

 

During the 47 years, the company produced 3.248 million dry metric tons of concentrate consisting of 824 million kilograms of copper, 146.9 million kilogram of gold, and 163 million kilograms of silver.

 

Based on geology, product, and production process, the following are some of the environmental risks and issues in Philex mine operations:

 

1.     Environmental impact and geohazard risks posed by mine ore body

2.     Environmental impact and geohazard risks posed by tailings pond 1, 2, and 3

3.     Adequacy of rehabilitation done for tailings pond 1

4.     Existence of and adequacy of plans and resources for post-mining management of tailings ponds 2 and 3

5.     Risks posed by possible effluents from the Banget milling plant

6.     Impact of Philex operations on the Albian Creek, Sal-angan Creek, Balog River, and Agno River

7.     Details on and soundness of the Philex mine rehab plan given Philex’s plan exit from Benguet in 2012

8.     Adequacy of the Philex rehabilitation fund given its level at P26.639 million as of 31 December 2009

 

Action on the eight (8) concerns and issues identified above is urgent given the possibility that Philex may cease operating in Benguet or withdraw from some parts of Benguet in 2012. Based on the stockholder profile of Philex Mining Corporation, the following should be considered as possible pressure points or allies once Philex reneges or fails on its claim of commitment to “corporate responsibilities”, covering accountabilities related to the environment:

 

1.     Social Security System (owner of a significant share of Philex)

2.     The Roman Catholic Archbishop of Manila

 

Based on supply and market structure, advocacy work can be undertaken in Canada, United Kingdom, The Netherlands, and Japan.

 artboquiren may 2009


Preface to the 2nd Edition

 

The first edition of this work was finished April 2009.  At that time, the report of the Philex Mining Corporation to the Securities and Exchange Commission was not available to the researcher.  This edition factors in the report of the company to the Commission as well as improves the writing style and content of the first edition.

 

The second edition failed to confirm the role of some banks in Philex operations and so adjustments were made for this. There will be succeeding editions of this work and works are ongoing to produce a sequel.

 

This edition as well as the first was unable to produce a deeper analysis of the environmental, social, and economic of Philex operations because of funding constraints---unfortunately notwithstanding the existence institutions that have the resources and mandate to support studies related to the environment. Hopefully, one of them can support the production of a sequel as soon as possible especially because of the urgency of the concerns involved.

 

The author thanks the Alyansa Tigil Mina and the Linis Gobyerno for making the study possible.

 

  

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