Philex to spend P1B to rehabilitate area near tailings pond

Posted at 12/26/12 11:00 AM

MANILA, Philippines - Philex Mining Corp. is willing to spend P1 billion to rehabilitate areas surrounding the broken tailings pond at its Padcal mine in Benguet. 

But Philex says it still won't pay the P1 billion penalty being imposed by the government. 

Philex says areas to be rehabilitated include the Balog creek and portions of the Agno river where tons of mine tailings spilled. 

It added the pond itself will be planted with trees. - ANC