Philex Mining raises $70M more for Silangan project

MANILA, Philippines  —Pangilinan-led Philex Mining Corp. has secured the entire $170 million financing it needed to develop the Silangan mine project in Surigao del Norte province. In a disclosure on Wednesday, Philex Mining said its subsidiary Silangan Mindanao Mining Co. Inc. signed a deed of accession with local banks for an additional $70 million credit
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