Philex president and CEO Eulalio Austin Jr. said the remaining challenge that the Silangan mine project is facing is the delivery of the critical equipment needed for its operations.
Austin noted that there have been persisting challenges in the global logistics and manufacturing industries, causing the lead time for the equipment to take “so long.”
Nonetheless, Austin said they are still keen on producing the first metal from the Silangan mine by the last quarter of 2025.
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Developers mixed on zero lease push for telco assets
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