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Philex Mining subsidiary Brixton Energy and Mining (BEMC) has suspended mining at its underground coal mine in Zamboanga Sibugay in the Philippines.

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Philex Petroleum Corp., a unit of Philex Mining Corp., said Monday it will shut down the operations of a coal mine in Diplahan, Zamboanga Sibugay after incurring losses from high operating costs and low coal prices. Philex Petroleum said in a disclosure to the stock exchange unit Brixton Energy and ...

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Brixton Energy & Mining Corporation engages in exploration and mining of coal. The company was incorporated in 2005 and is based in Diplahan, The Philippines. Brixton Energy & Mining Corporation operates as a subsidiary of Philex Mining Corp ...

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in the Philippines, Brixton Energy & Mining Corporation (BEMC) is a coal operation in the debugging stage but has engaged in coal trading since 2008.

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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 to the Philippine Stock Exchange, Philex said ...

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“(While) this assessment is being undertaken, (Brixton Energy) thought it would be prudent to suspend its underground mining operations. In the meantime, activities will be confined to maintenance and repair of the coal mine, and to the processing and marketing of existing coal inventory,” Francisco explained.