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The PSE Mining and Oil Index is the sub-index of the Philippine Stock Exchange for mining and oil companies. It is one of the six sub-indices of the PSE that provide a useful measurement of sectoral performance. [1] Lepanto Consolidated Mining Company and Philex Mining Corporation used to be listed in the PSE until their removal in the 2010s.
The Padcal tailings spills of August–September 2012 were a series of mine tailings spills from Tailings Pond 3 of the Philex Mining Corporation's Padcal mine in Benguet Province, Philippines. The incident began on August 1, 2012, with a massive release on the order of 5 million tonnes or 3 million cubic meters of water and tailings from a ...
A series of mine tailings spills from Tailings Pond 3 of the Philex Mining Corporation's Padcal mine in Tuba, Benguet, that resulted in the release of a total of 21 million tonnes of solids. [151] [152] 28 February 2023 – Oriental Mindoro oil spill.
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Padcal Mining Spill In August 2012, amid strong rains, the Tailings Pond 3 (TP3) of Philex Mining Corporation (PMC) in Itogon , Benguet, collapsed, spilling mine tailings into the surroundings. Four other spills occurred up until the following month, spilling some 20.6 million metric tons of sediments into nearby water channels.
BMW and Yamaha Motor have invested in U.S.-based rare earths processing startup Phoenix Tailings, the latest move by manufacturers to boost production of the strategic metals outside of China.
For instance in 1994 the operators of the Olympic Dam mine, Western Mining Corporation, admitted that their uranium tailings containment had released of up to 5 million m3 of contaminated water into the subsoil. [21] The cost of mine cleanup has typically been 10 times that of mining industry estimates when acid drainage was involved. [22]