Silangan Mindanao Mining Co. Inc., a wholly-owned subsidiary of Philex Mining Corp., one of the oldest and largest copper and gold producers in Southeast Asia, signs a syndicated debt facility in simple ceremony in Pasig City. The signing of the $100-million omnibus loan and security agreement (OLSA) will support the ongoing development of the Silangan Project in Surigao del Norte. Attending the ceremony are (from left) Bank of the Philippines senior vice president Yvette Mari de Peralta, BPI executive vice president Juan Carlos Syquia, Union Bank of the Philippines EVP Antonino Fajardo, Philex SVP and chief finance officer Romeo Bachoco, Philex chairman Manuel Pangilinan, Philex president and chief executive Eulalio Austin Jr., Security Bank EVP John Cary Ong and BDO Capital SVP Gabriel Lim.
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