Francis Joseph Ballesteros

Philex Mining Corporation (PMC) is a Philippines-based company, through its subsidiaries, is organized into two business segments: the metals business segment under PMC, Philex Gold Philippines, Inc. (PGPI) and Silangan Mindanao Mining Co., Inc. (SMMCI), and the energy and hydrocarbon business segment under Philex Petroleum Corporation (PPC). The Company, through its subsidiaries, is engaged in the operation of the Bulawan mine and the development of the Sibutad Project; exploration, development and utilization of mineral resources, particularly the Lascogon Project in Surigao; businesses related to various kinds of petroleum and petroleum products, oil and other sources of energy; business of exploration and production, and other mineral related opportunities, and acquisition, exploration and development of oil and gas properties and the production of hydrocarbon products.