Tag: Semirara Mining
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Semirara profit dips as volumes weaken
Semirara Mining and Power Corp., the country’s main coal producer, reported a 12 percent decline in first-quarter net income to P3.8 billion from P4.4 billion a year earlier, as softer coal shipments and weaker power generation offset relatively steady pricing, highlighting operational headwinds even as global coal benchmarks remained firm.
BOI mulls coal incentives amid Semirara uncertainty
The Board of Investments (BOI) is considering whether coal mining and production should be added to the list of activities eligible for fiscal perks under the upcoming Strategic Investment Priority Plan (SIPP), a move that could benefit Semirara Mining and Power Corp. (SMPC), the country’s largest coal producer.
Semirara Mining profit falls as coal, power prices cool
Semirara Mining and Power Corp., the energy arm of the Consunji Group, saw profits tumble in 2025 as softer coal and electricity prices offset record production and power sales, underscoring the impact of easing energy markets after the commodity surge of recent years.
Semirara Mining faces crucial coal contract test
Semirara Mining and Power Corp. (SMPC) is projecting confidence as it braces for a high-stakes government auction that will determine who operates the country’s largest coal mine beyond 2027.
DMCI profit in 9-months down 22% as energy, construction weaken
Diversified conglomerate DMCI Holdings Inc. saw its nine-month net income drop 22 percent to P11.8 billion from P15.1 billion last year, dragged by weaker...
