Philex Mining Corporation (PSE:PX) officials announced that the release of water and sediment from its tailings pond 3 has been contained as of 8:30 AM of August 3. Engr. Eulalio Austin Jr., President and COO further states that they will still conduct full assessment of the measure to be undertaken for the rehabilitation and cleanup of affected waterways.
The company previously reported it stopped operations as precautionary measure brought about by heavy rains and flooding.