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                    [ArticleID] => 325085
                    [Title] => Philex returns to profitability, posts P409-M income in 2005
                    [Summary] => Philex Mining Corp., the third- largest Philippine mining company by market value, said it returned to a profit last year on higher production and metal prices.


Net income reached P409 million, compared with a P15.8-million loss in 2004, Philex said in a statement to the stock exchange. The company said 2005 profit may be as high as P490 million because of new accounting rules.


Earnings will probably be higher this year as it opens a portion of a mine in the northern province of Benguet, the statement said.


                    [DatePublished] => 2006-03-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 307557
                    [Title] => Philex secures $8.5-M loan for mine dev’t
                    [Summary] => Philex Mining Corp. has obtained an $8.5 million loan facility from a syndicate of local banks to finance the underground development of its Padcal mine in Benguet province.


In a disclosure to the Philippine Stock Exchange, Philex said Bank of Commerce, Philippine National Bank and International Exchange Bank are granting the loan.


The projected capital cost for the development of the Padcal mine amounts to P538 million this year and P210 million in 2006.


                    [DatePublished] => 2005-11-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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PHILIPPINE NATIONAL BANK AND INTERNATIONAL EXCHANGE BANK

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                    [ArticleID] => 325085
                    [Title] => Philex returns to profitability, posts P409-M income in 2005
                    [Summary] => Philex Mining Corp., the third- largest Philippine mining company by market value, said it returned to a profit last year on higher production and metal prices.


Net income reached P409 million, compared with a P15.8-million loss in 2004, Philex said in a statement to the stock exchange. The company said 2005 profit may be as high as P490 million because of new accounting rules.


Earnings will probably be higher this year as it opens a portion of a mine in the northern province of Benguet, the statement said.


                    [DatePublished] => 2006-03-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 307557
                    [Title] => Philex secures $8.5-M loan for mine dev’t
                    [Summary] => Philex Mining Corp. has obtained an $8.5 million loan facility from a syndicate of local banks to finance the underground development of its Padcal mine in Benguet province.


In a disclosure to the Philippine Stock Exchange, Philex said Bank of Commerce, Philippine National Bank and International Exchange Bank are granting the loan.


The projected capital cost for the development of the Padcal mine amounts to P538 million this year and P210 million in 2006.


                    [DatePublished] => 2005-11-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Philex returns to profitability, posts P409-M income in 2005

By Zinnia B. Dela Peña | March 9, 2006 - 12:00am

Philex Mining Corp., the third- largest Philippine mining company by market value, said it returned to a profit last year on higher production and metal prices. Net income reached P409 million, compared with a P15.8-million...

Business

Philex secures $8.5-M loan for mine dev’t

By Zinnia B. Dela Peña | November 20, 2005 - 12:00am

Philex Mining Corp. has obtained an $8.5 million loan facility from a syndicate of local banks to finance the underground development of its Padcal mine in Benguet province. In a disclosure to the Philippine Stock...

Business