Philex to appeal P1-B fine anew

Posted at Nov 22 2012 04:45 PM | Updated as of Nov 23 2012 01:28 AM

Watch also in iWantv or

Philex Mining Corp. spokesperson Mike Toledo said the company will file a motion for reconsideration on the P1 billion fine imposed by the Department of Environment and Natural Resources (DENR) over the tailings leak at Padcal mine in Benguet.

"We will exhaust all administrative remedies provided for under the law, under the department circulars and administrative orders... We will appeal the MGB decision finding us liable for the payment of this fine," he said.

Toledo said Philex is aiming to complete a clean up and rehabilitation of Padcal mine by the second quarter of 2013. The company hopes to restart operations by the second half of next year.

Toledo talks to ANC's Coco Alcuaz. ANC News Now, November 22, 2012