Consunji-led Semirara Mining and Power Corporation (SMPC) has declared dividend of P1.25 per common share to all of its outstanding stockholders as of the specified record date and based on the company’s dividend policy. The firm apprised covered shareholders that the prescribed record date had...
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...
The consolidated net income after tax (NIAT) of Consunji-led Semirara Mining and Power Corporation (SMPC) nosedived 66-percent to P3.3 billion last year from a robust bottom line outcome of P9.6 billion in 2019. The company attributed the significant income decline to lower energy sales as well as...
Consunji-led Semirara Mining and Power Corporation (SMPC) indicated that it may fall behind its 15 million metric tons of coal production this year, because of its decision to voluntarily defer operation in a block within its Molave mine area due to water build-up conundrum. To date, the company...
Consunji-led firm Semirara Mining and Power Corporation (SMPC) has terminated its joint venture agreement (JVA) with Meralco PowerGen Corporation (MGen) for the previously proposed 700-megawatt St. Raphael Power Generation Corporation (SRPGC) in Calaca, Batangas. The deal between SMPC and MGen was...
Integrated energy company Semirara Mining and Power Corporation (SMPC) reported 64 percent fall in consolidated net income to P3.0 billion in the first nine months of 2020 from P8.2 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said it registered a...
