Philex

Balog Creek, Philippines

In October, 2011,the Balog Creek was declared "biologically dead" after Philex allowed some 20 million metric tons of mine tailings to be deposited along the 2.5-kilometer water channel, according to a report from the Mines and Geosciences Bureau of the Department of Environment and Natural Resources (MGB-DENR).

This is ten times more than the volume of mine tailings that spilled out of the Marcopper mine in 1996 in Marinduque

The DENR has slapped a hefty P1-billion fine, almost as much as the mining firm's taxes last year, on one of the country's largest producers of gold and copper.

Philex refuses to pay Padcal mine waste leak fines stating "forces of nature cannot be prevented 100 percent."

Here's Philex's Board of Directors
Eulalio Austin Jr. -Chief Executive Officer, President, Director and Member of Finance Committee -- 51
Manuel Pangilinan - First Pacific Company Ltd. 67
Juan Santos - Philex Mining Corp. 74
Robert Nicholson - First Pacific Company Ltd. 58
Oscar Hilado Jr. - Phinma Corporation 76
Edward Tortorici - First Pacific Company Ltd. 74
Marilyn Victorio-Aquino - First Pacific Company Ltd. 57
Eliza Antonino - Philex Mining Corp. 35
Wilfredo Paras - GT Capital Holdings Inc. 66
Bienvenido Laguesma - Philex Mining Corp. 62