Philex hopeful talks with Itogon prevail

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Thursday, March 20, 2014


LA TRINIDAD, Benguet -- Philex Mining Corporation legal counsel Ed Aratas is hoping no barricades will ensue at the end of the month.

Itogon Mayor Victorio Palangdan pronounced barricades against Philex Mining Corporation will be set up if agreed payments on taxes are not made by the end of March.

Palangdan said both Itogon and Tuba towns have agreed to settle the business tax issue to the tune of P200 million through formal talks with the mining firm’s legal counsels.

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However, the mining firm said the agreement still has to pass through the Department of Justice, a move which irked the chief executive.
Aratas said the DOJ opinion is merely an option and a safety precaution to assure the compromise agreement will be upheld.

Aratas said compromise talks between both chief executives of Tuba and Itogon yielded positive results, agreeing on an acceptable amount to be paid for taxes.

Aratas said Philex has also agreed to acquire a mayor’s permit from Itogon town.

Palangdan said the move of Philex is interpreted as a delaying tactic.
Palangdan stands firm on the decision to give the mining firm until the end of the month to pay up and if all else fails, barricades will be set up in the area.

Published in the Sun.Star Baguio newspaper on March 21, 2014.

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