- Significant increase in the cost of materials and supplies and logistics expenses due to inflationary pressures and depreciation of the local currency against the U.S. dollar.
- Supply chain bottlenecks nudged up power cost.
- Declining ore-grade situation and tonnage due to the mature state of the Padcal ore body.
- Acts of insurgency threats.
- Adverse underground conditions at Padcal mine.
- Risk of operations stoppage due to failure of ageing critical mine and mill equipment.
Philex Mining Corporation
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Philex Mining Corporation disclosed greenhouse gas emissions of 163.3K tCO2e/year (Scope 1 and 2). By scope: Scope 1: 11.8K tCO2e/year; Scope 2: 151.5K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
163.3K tCO2e/year (Scope 1 and 2)
2022
Water Usage
10.1M m3/year (withdrawal)
2022
Waste
7.4M tonnes/year
2022
Energy Use
251.5K MWh/year
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 11.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 151.5K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 163.3K tCO2e/year (Scope 1 and 2) |
| 2016 | 167.8K tonnes CO2e (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Spent Php278 million in its EPEP, equivalent to 7.43% of direct mining and milling costs.
- Recycled and reused 8,903,399 cubic meters of water.
- Implemented ecological solid waste management program.
- Successfully renewed its ISO certification for OHSAS 18001 (Occupational Health and Safety Assessment Series).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Further extend Padcal’s life of mine beyond December 2027
📅 Medium-term
- Launch the Silangan project
🌱 ESG Focus Areas
Safety PerformanceExploration ActivitiesTonnes Milled and Metal ProductionOperating Cost Per TonneEarnings per Share (EPS)Environmental ConservationCommunity DevelopmentCorporate GovernanceLegal ComplianceLabor Practices