Philex Mining Corp. is willing to enter into a compromise deal with government on the busted waste pond that contaminated the environment with tailings at its Padcal mine in Benguet.
“We are willing for a compromise,” Michael Toledo, Philex Mining vice president for corporate affairs, said in an interview with reporters on Tuesday.
“Our plan of action is to work with the DENR. It is for the best of interests if we can settle our issues without going to the courts,” he added.
The Department of Environment and Natural Resources and its Mines and Geosciences Bureau have imposed stiff fines against Philex Mining when mine tailings from its waste pond flowed into nearby waterways.
http://www.gmanetwork.com/news/story/279391/economy/agricultureandmining/philex-mining-amenable-to-a-compromise-deal-with-govt-on-padcal-mine
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