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LISTED Semirara Mining Power Corp. (SMPC) on Tuesday said that total cash dividends this year were set to reach a record P29.75 billion after its board approved and declared the issuance of an additional payout.
Lower coal prices led to a 26-percent drop in Semirara Mining and Power Corp.’s (SMPC) net income in the first half. The company’s profit during the period fell to P19.2 billion from P25.8 billion posted in the same period a year ago. From January to June, average Newcastle price plunged…
Back in 2019, then president Rodrigo Duterte signed a law granting a company controlled by business tycoon Enrique Razon a 25-year franchise to distribute electric power to consumers in Iloilo City.
As coal demand and prices intensify, Consunji-led Semirara Mining and Power Corp. (SMPC) said Monday it won’t run out of coal reserves even if its coal operating contract (COC) expires in 2027. During the company’s stockholders’ meeting, SMPC President Cristina Gotianun said the company was able to supply coal to…
After a record year, integrated energy company Semirara Mining and Power Corp. is taking a conservative growth stance as it expects its coal segment to be tempered by the performance of its power generation business.