Consunji-led Semirara Mining and Power Corporation (SMPC) has completed ‘backfilling operations’ at the Panian pit of its Semirara coal mine, one of the biggest open-pit mining ventures in the country. The company indicated that it “fully covered the pit in six years, way ahead of the...
The Armed Forces of the Philippines (AFP) acquired a Short Brothers & Harland SD3-30 transport aircraft which was donated by a mining company on Friday, April 1. The Armed Forces of the Philippines (AFP) receives a Short Sherpa cargo plane donated by Semirara Mining and Power Corporation in a...
The astronomical rise in global coal prices had driven up the net income of Consunji-led Semirara Mining and Power Corporation (SMPC) to a record high P16.2 billion last year, or 393 percent jump from P3.3 billion in 2020. The firm noted that the significant income hike had been due to array of...
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...
With the inevitable shift to digital education, a local textbook publisher found a way to make its e-books more accessible to learners by offering an affordable e-learning advantage program. (Photo from PIXABAY) To make learning resources more affordable and convenient for students and parents to...
The combined favorable impact of high coal prices as well as soaring prices in the Wholesale Electricity Spot Market (WESM) had propelled the 279-percent surge in consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) to P3.98 billion in the second quarter this year...
At least five power plants in various parts of the country had logged more than 100 days of forced outages, a duration even longer than a ‘honeymoon period’ being accorded by Filipino citizens to a new President of the Philippines. The five plants identified by the Energy Regulatory Commission...
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...
