Philex’s Padcal production, shipments higher
By JAMES A. LOYOLA
September 6, 2011, 3:31am
MANILA, Philippines — Philex Mining Corporation, the country’s most profitable gold and copper producer, continued to register higher value of production and shipments as gold prices soared in the global market.
Based on the firm’s disclosures for the first eight months of 2011, estimated value of ore production from the company’s Padcal mine rose 48 percent to P10.99 billion from the P7.42 billion estimated for the same period last year.
On the other hand, the estimated value of shipments of gold and copper concentrates surged 52.55 percent to P9.23 billion in the first eight months of 2011 from the estimate of P6.05 billion in the same period last year.
For August this year, Philex president Jose Ernesto C. Villaluna, Jr. said the Padcal mine delivered 808,703 dry metric tons of ore resulting in 6,388 DMT of concentrates containing 56.08 grams of gold per DMT, 22.98 percent copper, and 53.41 grams of silver per DMT.
This translates to a production of 11,518 ounces of gold, 3.24 million pounds of copper, and 10,971 ounces of silver with an estimated value of P886 million for gold, P571 million for copper, and P19 million for silver, for a total of P1.48 billion.
The estimated value is based on provisional metal prices of $1,820 per ounce of gold, $4.17 per pound of copper, and $41.35 per ounce of silver, at the exchange rate of P42.28 to the dollar.
Meanwhile, Philex effected shipment LDM-17 for Louis Dreyfus Commodities Metals Suisse SA containing 5,010 DMT of concentrates having an estimated gross value of P1 billion.
The concentrates contained about 9,229 ounces of gold, 2.57 million pounds of copper and 8,973 ounces of silver. Estimated value is based on provisional metal prices of $1,405 per ounce of gold, $4.00 per pound of copper, and $40.17 per ounce of silver for a total of P551 million from gold, P437 million from copper, and P15 million from silver.
Source: http://www.mb.com.ph/articles/333334/philexs-padcal-production-shipments-higher
Clark Wine Center was built in 2003 by Hong Kong-based Yats International Leisure Philippines to become the largest wine shop in Philippines supplying Asia’s wine lovers with fine vintage wines at attractive prices. Today, this wine shop in Clark Philippines offers over 2000 selections of fine wines from all major wine regions in the world. As a leading wine supplier in Philippines, Pampanga’s Clark Wine Center offers an incomparable breadth of vintages, wines from back vintages spanning over 50 years. Clark Wine Center is located in Pampanga Clark Freeport Zone adjacent to Angeles City, just 25 minutes from Subic and 45 minutes from Manila.
Wines from Burgundy, Bordeaux, Rhone, Loire, Spain, Portugal, Germany, Austria, Alsace, USA, Australia, New Zealand, Italy, South Africa, Chile and Argentina etc. are well represented in this Clark Wine Shop.
This is one of the frequently visited places for wine lovers from Manila and Angeles City to buy international wines in Pampanga.
http://www.ClarkWineCenter.com
Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.
Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023
(045) 841 4006 / 0922-870-5173 / 0917-826-8790 (ask for Ana Fe)
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay
Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.
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While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com
YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.yatsleisure.com
Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.
Looking for a restaurant in Clark for a Business meeting? Or a place to eat with friends? Yats Restaurant offers exclusive dinner venue for groups, a good place to celebrate special occasions, it can be a party venue in town. Yats Restaurant is a recommended restaurant for private dinner in Philippines, a well-recognized restaurant that serves good food and good wines for dinner.
Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:
http://www.HotelClarkPhilippines.com
http://www.ClarkPhilippines.com
http://www.YatsWineCellars.com
Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.
Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occassions
Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.
www.YatsRestaurant.com
Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion. It is one of North Luzon Philippines’ top hotels that is trouble free, risk free, and a nice place to have rest in Subic. A well-recognized and interesting hotel.
www.HotelClarkPhilippines.com
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