Heavy Equipment for Sale: Philex Mining Corporation reported that its Padcal mine delivered ore worth P805 million in January this year, an 8% improvement over the P745 million worth of ore mined in the same month of 2009. In a disclosure to the Philippine Stock Exchange, Philex president Jose Ernesto Villaluna Jr. said Philex delivered 684,459 dry metric tons of ore resulting in 4,705 DMT of concentrates.
The concentrates contained 55.17 grams per DMT of gold, 24.96% copper and 57.09 grams per DMT of silver or about 8,354 ounces of gold, 2.59 million pounds of copper, and 8,636 ounces of silver.
In January last year, Philex produced 752,261 DMT of ore resulting in 6,122 DMT of copper concentrates averaging 61.6 grams per DMT of gold, 23.81% copper, and 60.03 grams per DMT of silver or about 12,134 ounces of gold, 3.21 million pounds of copper, and 11,817 ounces of silver.
