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A clean profit

Article - November 17, 2011

By adhering to a triple bottom-line policy – financial and operating performance, environmental stewardship and empowerment of communities – Philex Mining Corporation has prospered financially, yet not lost sight of its role as a social and environmental steward.

In fact, principles of sustainability have long guided Philex’s operations: its first tailings pond was constructed in 1967, long before the Pollution Control Law of 1976 required it. Philex was also the first mining company in the country to have achieved ISO 14001 certification for environmental management.

Government agencies and industry associations have commended the company’s activities. Philex’s reforestation programs at the Padcal mine site and at the Silangan Project were placed in the 2010 Best Mining Forest Awards of the DENR - Mines and Geosciences Bureau. In November, the Silangan Project received a citation from the Philippine Mine Safety and Environment Association for overall excellence in environmental, safety, and health management.

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