General 2015-05-10Philex Gold's Bulawan mine began commercial production in January 1996 and was decommissioned in May 2002, after producing a total of 465,766 equivalent ounces of gold over its lifetime. The Bulawan operation consisted of an underground mine, accessed by a decline, and a 4,000 tonnes per day capacity carbon-in-leach (CIL) processing plant. From 1996-2002, the CIL plant processed 6,163,754 tonnes with an average grade of 2.51 grams gold per tonne and achieved an average recovery of 89%. Open pit mining was carried out on the upper portion of the main Bulawan deposit in 1996 and 1997, and on the satellite Korokan deposit, located 500 metres southwest of the Bulawan deposit, from August 1997 until the second half of 1998. From late 1996 through early 1999, low grade ore, averaging less than 1.5 grams of gold per tonne but above 0.5 grams per tonne, was treated by heap leaching. The low grade ore was supplied from the Bulawan and Korokan open pits. The mine's production, in the form of doré bullion bars containing gold and silver, was shipped for sale to England, Germany and Singapore. A re-evaluation of the economics of continuing development in the mine's Central Block was carried out in the second half of 2001 and showed that the financial returns would be uneconomic, because of the high cost of the required ground support and the prevailing low cost of gold. All development work was terminated in November 2001. Mining of the remaining broken ore was completed in April 2002. Since production ceased, work at the property has primarily involved rehabilitation of mine areas and reforestation, maintenance of the tailing ponds and erosion control. Plant and equipment are being stored properly and disposed of as opportunities arise. The mine practised progressive rehabilitation throughout its operation, so closure costs are not substantial and are being spread out over five years. The retrenchment of mine personnel was funded by the parent company's retirement trust fund.
Additional reserves extend Padcal life 2016-09-20
Philex Mining Corporation’s latest Sustainability Report highlights additional ore reserves and resources for the Padcal Copper-Gold Project in the Philippines, which extend mine life by two more years. The Padcal mine in Benguet produces copper concentrates containing copper, gold, and silver.
Philex looking to extend Padcal life 2016-07-06
Philex Mining Corporation hopes to extend the life of its Padcal Gold-Copper Project in Benguet, the Philippines, beyond 2022 through further exploration in the area around the operations.
Nearby Location News
Semirara to boost coal production 2016-06-13
Semirara Mining and Power Corp has received its amended Environmental Compliance Certificate that allows it to boost production at its Molave Coal Project on Semirara Island, Antique province, the Philippines.
Approval to develop Balabag mine 2016-05-05
TVI Resource Development (Phils), Inc (TVIRD), a company in which TVI Pacific has a 30.66% equity interest, has received approval for the Declaration of Mining Project Feasibility (DMPF) at the Balabag Gold-Silver Project in Zamboanga del Sur province, the Philippines.
Crazy Horse declines Basay acquisition 2016-04-29
Directors of Crazy Horse Resources have determined that they will not proceed with the acquisition of Solfotara Mining Corporation’s Basay Copper Project in the Philippines due to the continuing uncertainty in the base metal sector.
Carmen cuts copper production 2016-04-08
Weak metal prices have prompted Atlas Consolidated Mining and Development Corporation’s subsidiary Carmen Copper Corporation to reduce copper production at its Philippines operation by 33% in 2016 and 2017.
Crazy Horse Resources to Acquire Advanced-Stage Copper Project 2015-04-28
KELOWNA, BRITISH COLUMBIA--(Marketwired - April 28, 2015) -