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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 ...
The mining and processing byproducts collected in tailings dams are not part of the aerobic ecological systems, and are unstable. They may damage the environment by releasing toxic metals (arsenic and mercury among others), by acid drainage (usually by microbial action on sulfide ores), or by damaging aquatic wildlife that rely on clear water.
29 August 1994 – 119 people were killed in an explosion at a coal mine operated by the Philippine National Oil Company in Malangas, Zamboanga del Sur. [111] [112] 18 March 1996 – Ozone Disco fire. 162 people, mostly students celebrating the end of the academic term, died in a nightclub fire in Quezon City. [113]
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.
Accused sex trafficker Alon Alexander will remain behind bars while facing gang rape and other charges, after a judge deemed the once high flying real estate magnate a flight risk.
The average dividend yield of an S&P 500 company is less than what savings accounts are paying today. Given that the index is up around 24% over the […] Instead of Dividends That Barely Pay ...
When Philex decided to resume sale in 1975, the sugar had already deteriorated, production had to be cut, and workers lost jobs. [7] [1] After the flop of Philex, Marcos decided to have tighter control of the industry and established the Philippine Sugar Commission (Philsucom). Philsucom had blanket authority over the industry, given the power ...
A leaked video of UnitedHealth CEO Andrew Witty defending claim denials after Brian Thompson’s murder has sparked backlash. Critics argue the policy contributes to medical bankruptcies and lives ...