Energy firm Semirara Mining and Power Corporation (SMPC) announced a new record for coal shipments in 2024, driven by stronger demand from China and domestic markets. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Jan.14, SMPC reported reaching 16.5 million metric tons (MT) of...
The Consunji Group’s DMCI Holdings Inc. may be shelving its plan to develop a new cement manufacturing plant on Semirara Island that would have utilized by-products from the coal mining operations of Semirara Mining and Power Corporation (SMPC). In an interview, DMCI Chief Finance Officer Herbert...
The Consunji Group, through DMCI Holdings Inc., Semirara Mining and Power Corporation, and Dacon Corporation, has completed the acquisition of Cemex Asian South East Corporation (CASEC) for $272 million—lower than the earlier announced $305.6 million. In a disclosure to the Philippine Stock...
Consunji-led diversified engineering conglomerate DMCI Holdings reported a three percent improvement in net income to P4 billion for the third quarter of 2024, from P3.9 billion in the previous year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the increase was driven by...
Consunji-led Semirara Mining and Power Corp. (SMPC) faced a challenging quarter, reporting a drop in profit due to declining selling prices and increasing costs that impacted overall performance. In a disclosure to the Philippine Stock Exchange on Wednesday, Oct. 30, Semirara reported that its net...
Semirara Mining and Power Corporation announced that its Board of Directors has approved the declaration of a special cash dividend amounting to P10.6 billion, equivalent to P2.50 per outstanding common share. In a disclosure to the Philippine Stock Exchange, the firm said its shareholders on...
The Consunji family’s privately-held investment holding company Dacon Corporation is planning to kick off its P1.94 billion tender offer for the minority shares of Cemex Holdings Philippines Inc. (CHP) next month. In a disclosure to the Philippine Stock Exchange, CHP said it has received a copy...
Consunji-led Semirara Mining and Power Corporation (SMPC) is eyeing Japan as additional export market for beefed up coal output from its Semirara mine in Antique province. SMPC President and Chief Operating Officer Maria Cristina C. Gotianun told reporters that the company had already done trial...
Consunji-led Semirara Mining and Power Corporation (SMPC) is eyeing to take a provocative step as the third company breaking into the regenerated coal plant development gamble, with the targeted revival of its 700-megawatt Saint Raphael power project in Batangas that will likely command an...
The Philippine Competition Commission has cleared the Consunji Group’s planned acquisition of a controlling stake in Cemex Holdings Philippines Inc. (CHP). In a disclosure to the Philippine Stock Exchange, the group said DMCI Holdings Inc., Dacon Corporation, and Semirara Mining and Power...
It isn’t a rosy year for Consunji-led Semirara Mining and Power Corporation (SMPC), as its first half income suffered 34 percent downswing to P12.6 billion from a record P19.2 billion within the same six-month stretch in 2023 – and that was mainly precipitated by the apparent weakening of coal...
By JAMES A. LOYOLA The Consunji Group has begun unlocking synergies with its newly acquired Cemex Holdings Philippines Inc. (CHP), starting with an electricity supply agreement for APO Cement Corporation (APO) in Cebu. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, July 15, CHP...
