The Department of Energy (DOE) has delayed the competitive auction for the country’s largest coal deposit on Semirara Island to as far as November, seeking to overhaul contract terms to channel the vast majority of output toward domestic power generation and secure a larger government royalty...
Consunji-led Semirara Mining and Power Corp. (SMPC) is cutting its coal production target by more than one-third and laying off hundreds of workers as uncertainty persists over who will operate Semirara coal mine after its 50-year contract expires next year. In a statement on Monday, Aug. 10, SMPC...
DMCI Holdings Inc. posted a 26 percent increase in consolidated net income for the first half of the year to ₱11.4 billion compared with ₱9 billion in the same period last year, buoyed by record earnings from nickel mining and a sharp reduction in losses from its cement operations. The...
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...
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...
The Department of Energy (DOE) plans to require bidders for the upcoming Semirara coal mine auction to reserve part of their coal output for the domestic market as the government seeks to strengthen the country’s energy security amid lingering supply risks. Energy Secretary Sharon Garin told...
Are you afraid of the dark? Well, that depends on whether we are talking about horror movies or the national power supply! Just when Filipino consumers thought they could finally survive the summer’s rotational blackouts, the international energy market strolled in like a sequel villain,...
DMCI Holdings Inc. reported a slight decline in first-quarter profit as weaker returns from its coal and water units tempered gains in its real estate and mining divisions. The engineering conglomerate controlled by the Consunji family said that consolidated net income fell two percent to ₱4.9...
The power generation unit of Manila Electric Co. (Meralco) is stepping back from the direct bidding process for a prized coal concession in Antique province. Emmanuel V. Rubio, Meralco PowerGen Corp. president, said they will instead wait for the Consunji family’s mining unit to secure the...
Consunji-led Semirara Mining and Power Corp. (SMPC) is leaning on its three-decade operational history as it prepares for the government auction of its coal assets in Antique province. Speaking at the company’s annual stockholders’ meeting on Monday, May 4, Isidro Consunji, SMPC hairman said...
Semirara Mining and Power Corp. (SMPC) is slashing its planned capital spending for the year as the energy unit of the Consunji family’s DMCI Holdings Inc. awaits clarity on the future of its flagship coal operations in Antique province. According to SMPC, the integrated energy producer expects...
