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Semirara Mining and Power posts 61% profit fall

SEMIRARA Mining and Power Corp. reported a 61% drop in after-tax income to P2.2 billion in the first semester as quarantine policies enforced since March pulled down coal demand and electricity sales.

Semirara Mining appeals coal trading suspension, P1.8-M fine

SEMIRARA Mining and Power Corp. (SMPC) has asked the Energy department to reconsider its decision suspending the Consunji-led company’s coal trading for a month and imposing a fine of P1.735 million, it told the stock exchange on Thursday.

SMPC seeks lifting of cease order on coal trading

SEMIRARA Mining and Power Corp. (SMPC) said on Wednesday that it is in talks with the Energy department for the lifting of the cease and desist order on its coal trading activities after issues arose when a buyer failed to produce the required accreditation.

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.”