The management of the Philex Mining Corporation in the Phillipines has claimed that the current high trading prices of metal in the world market are having a very positive effect on the mining and minerals industry, helping to keep it vibrant due to increased demand.

Engr. Eulalio Austin, the company’s senior vice president, also believes next year will be a challenging one for the company due to their plans to introduce a number of new projects in an effort to enhance production.

He claims “Through the years, trials had made us strong, failures humbled us and our faith and attitude kept us going. I am confident that we will still maintain the same enthusiasm next year and the years to come for the benefit of improved productivity.”