MANILA, Dec 21 (Reuters): Philippine copper and gold producer, Philex Mining Corp, said on Tuesday it plans to launch its long-delayed Silangan project for commercial operation in the first quarter of 2025, with an initial development cost of US$224 million.
The initial development forms part of an estimated $1.7 billion in capital expenditure needed for Silangan's entire mining life of up to 28 years, company officials said in a virtual media briefing.
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