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Semirara Mining income falls 49% in 1st quarter

SEMIRARA Mining and Power Corp. (SMPC) reported a 49% drop in first-quarter net income to P2.33 billion from P4.57 billion as the selling prices of coal and power, the company’s sources of revenues, decreased during the period.

CoA rules in favor of SMPC on dispute with PSALM

SEMIRARA Mining and Power Corp. (SMPC) expects to sit down with the Power Sector Assets and Liabilities Management Corp. (PSALM) to settle its money claim against the agency, after the Commission on Audit (CoA) ruled in favor of the Consunji-led company, company officials said.

Semirara Mining appoints new president

SEMIRARA Mining and Power Corp. (SMPC) has approved the appointment of Maria Cristina C. Gotianun as its president and chief operating operating officer “effectively immediately.”