The astronomical rise in coal prices in the world market has driven the net income of vertically integrated energy firm Semirara Mining and Power Corporation (SMPC) to grow 244 percent in the nine-month period this year to P10.3 billion from P3 billion in the same period last year. The Consunji-led...
The Consunji-led Semirara Mining and Power Corporation (SMPC) has approved the declaration of P7.4 billion worth of special cash dividends to its shareholders as the company’s financial performance gained traction. The firm said that will be on top of the P5.3 billion worth of dividend payout...
DMCI Holdings Inc. has declared a special cash dividend amounting to P6.37 billion in special cash dividends following a record high cash dividend declared by subsidiary Semirara Mining and Power Corporation. In a disclosure to the Philippine Stock Exchange, the firm said the special cash dividend...
Integrated energy company Semirara Mining and Power Corporation (SMPC) was recognized at the ASEAN Energy Awards for the accelerated rehabilitation of its South Panian coal mine. To be specific, SMPC was declared as the winner in the award’s Special Submission category for the company’s...
Consunji-led firm Semirara Mining and Power Corporation (SMPC) has turned over P1.7 billion worth of royalty payments to the government – via the Department of Energy (DOE) - as it recorded highest ever sales in its history as coal producer from Semirara island in Antique province. 29549 In a...
The Department of Energy (DOE) is scouting for investor-challengers in at least two coal operating contracts (COCs) that it tendered for specified blocks in Visayas and Mindanao. For the targeted Mindanao coal mine developments, the blocks on offer are those in Asturias in Jolo, Sulu; Carmen in...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
DMCI Holdings Inc., the diversified conglomerate controlled by the Consunjis, expects a strong recovery this year due although a return to its pre-pandemic performance is not seen until 2023. “We believe that our Company can stage a recovery this year on the back of higher construction...
Diversified engineering conglomerate DMCI Holdings, Inc. reported that its profits shot up by 590 percent in the first quarter of the year to P4.3 billion from P616 million in the same period of 2020. In a disclosure to the Philippine Stock Exchange, the firm said this is because income drivers...
The consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) significantly climbed by 93-percent to P2.3 billion within first quarter this year versus P1.2 billion in the same period last year. On stream of revenues, that also surged by 27-percent for the company to P9.3...
Consunji-led Semirara Mining and Power Corporation (SMPC) is pressing its ‘cost claims’ against its equipment supplier – American firm GE, on the extended shutdown of unit 2 of its 600-megawatt Sem-Calaca coal-fired power facility in Batangas. SMPC President Maria Cristina C. Gotianun said...
The Department of Energy (DOE) has affirmed its decision to impose P610,000.00 worth of fines against Semirara Mining and Power Corporation (SMPC) against its coal trading violation that was apprehended two years ago. The department said SMPC was determined liable for violation of Section 3 of...
