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padcal mine, which philex mining corp. has been operating since 1958, is the first underground block cave operation in the far east. it produces copper concentrates containing copper, gold, and silver. a majority of the copper concentrates are shipped to saganoseki, japan, for smelting by pan pacific copper company limited, a joint venture between nippon mining co. ltd. and mitsui mining and smelting co. ltd. the padcal mine is under 12 mineral holdings, with an aggregate 95 hectares in benguet province which are subject to royalty agreements with claim owners
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