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(From BusinessWorld (Philippines))
Byline: Beverly T. Natividad
Mining firm Philex Mining Corp. targets to expand its power-related investments, starting with coal exploration in Zamboanga this year.
In line with this, Philex incorporated a new company, Brixton Coal Mining, Inc., late last year to handle its coal-mining business and to concentrate on its power-related assets. "We plan to eventually transfer all our other power-related assets to Brixton Coal Mining, Inc.," Philex Vice-President for finance Renato N. Migrino said.
Mr. Migrino said Philex has recently started coal exploration in Zamboanga Sibugay and is now in the process of …