Philex faces ‘initial’ P325-M fine for mine spill
MANILA, Philippines (UPDATED) – Philex Mining Corp is set to be fined an initial P325 million for the waste spillage at its Padcal mine in Benguet province.
Environment Secretary Ramon Paje said the amount represents penalty under the Mining Act and does not include fines that may be imposed on the company for violations of the Clean Water Act and its Environmental Compliance Certificate.
The Mining Act imposes a fine of P50 per ton of sediments spilled from mine tailings facilities. Some 5 million cubic meters of sediments that spilled from Padcal have so far been collected, noted Paje.
Philex senior vice president for corporate affairs Mike Toledo said the company has yet to receive an official notice from Paje’s department regarding the fine, but is nonetheless willing to comply.
“We have yet to receive their notice and as soon as we receive it, we will do our own assessment. If indeed violation was found, then we will comply,” he said.