Consunji-led Semirara Mining and Power Corp. (SMPC) posted a two-percent increase in net income in the first six months of 2026 despite weaker earnings from its coal business. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Aug. 5, SMPC said it posted a consolidated net income...
While the country prepares for any major changes in coal exports from Indonesia, its long-standing supplier, the long-awaited auction of the Semirara coal block will be pushed back to a later date. The Department of Energy (DOE) confirmed that it needs to fine-tune the terms of reference (TOR) for...
The Philippines is seeking emergency supply assurances from Jakarta as Indonesia overhauls its coal export framework, a structural shift that threatens to destabilize Southeast Asia’s most coal-dependent power grid. In an interview on Thursday, July 23, Energy Secretary Sharon Garin said the...
The Department of Energy plans to resume the competitive auction for the country’s largest coal reserve on Semirara Island before the end of July, following a regulatory pause to draft new guidelines for brownfield assets. Energy Secretary Sharon Garin said the government has temporarily put the...
Consunji-led Semirara Mining & Power Corp. has turned to the judiciary to shield its proprietary operations, asking a Makati court to block energy regulators from disclosing highly sensitive commercial data to potential rivals. In a petition filed against the Department of Energy (DOE), the...
Vintage-21 Coal Mining Corp. is advancing the pre-development phases of its ₱100 million coal project in Surigao del Sur, moving closer to extraction nearly four years after securing its government contract. In a notice filed with the Environmental Management Bureau of the Department of...
Consunji-led Semirara Mining and Power Corp. (SMPC) saw a 12-percent drop in net income in the first quarter of 2026 as lower power output and reduced coal deliveries weighed on performance. In a statement on Thursday, April 30, SMPC disclosed net income of ₱3.8 billion for the January-to-March...
DAVAO CITY – The Catholic Church in South Cotabato has insisted that money is the real reason why coal is being extracted in a remote barangay in Lake Sebu, South Cotabato, not because it poses geohazards risks to communities. In a meeting called by the provincial government of South Cotabato on...
