Philex Mining Corporation

Both figures are quoted verbatim from the standard footnote carried on Philex press releases distributed by First Pacific: Philex is a company 'in which First Pacific Group holds an economic interest of approximately 31.2%', and 'Two Rivers Pacific Holdings Corporation, a Philippine affiliate of First Pacific, holds an additional 15.0% economic interest in Philex.' These are stated as economic interests, not voting stakes, and the two are disclosed separately rather than summed by the source — they are recorded separately here for the same reason. Philex remains listed in its own right (PSE: PX). No parent_slug is set because no First Pacific dossier exists in this corpus.

Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 2 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.

This company sits on the supply side for 2 of its 2 materials — a restriction on those is a tailwind, not a headwind.

As a producer, policy pressure across its produced materials is flat.

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

🇵🇭 PH accounts for 100% of severity-weighted pressure.