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Philex Petroleum closes coal mine, executive quits

Cecilia Jamasmie | September 02, 2013 | 4:52 pm Energy Asia Europe Coal 

Philex Petroleum Corp. on Monday said its subsidiary Brixton Energy and Mining Corporation was closing a coal mine operation in Mindanao, the second largest and southernmost island in the Philippines, as it turned out to be unprofitable. In a disclosure...

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