DoE scraps coal bid, resets Semirara rules
The DoE cancels the 2026 coal bidding round, including Semirara Island, to revise contract rules and secure better economic returns for the government.
· 3 MIN READ
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Latest Daily Tribune news and analysis on Semirara Mining and Power Corporation.
The DoE cancels the 2026 coal bidding round, including Semirara Island, to revise contract rules and secure better economic returns for the government.
· 3 MIN READ
· 2 MIN READ
Semirara Mining and Power Corp. (SMPC) is cutting 462 mine-site jobs as coal production targets are slashed by over one-third and uncertainty looms over its…
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Semirara Mining and Power Corp. wins a landmark Supreme Court ruling granting a P27.34-million tax refund on diesel import duties, ending a 13-year dispute…
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The Philippine government is set to open Semirara Island’s coal mining operations to competitive bidding ahead of the 2027 contract expiry, putting Semirara…
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Semirara Mining and Power Corp., the Philippines’ largest coal producer, faces contract uncertainty as its key Semirara Island mining area is opened to…
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Meralco and Meralco PowerGen monitor the upcoming Semirara Mining and Power coal contract auction, with the Department of Energy opening bidding to ensure…
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Philippine stocks decline as investors await Bangko Sentral’s Thursday policy decision amid potential 25-basis-point rate cut.
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Semirara Mining and Power Corp. (SMPC) reported a 33% drop in net income to P8.4 billion in the first half of the year, due to the normalization of coal and…
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Semirara Mining and Power Corp. has secured an amended ECC from the DENR, allowing it to expand its coal mine in Antique and raise its annual production limit…
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Consunji-led Semirara Mining and Power Corp. (SMPC) is targeting full-scale production at its Acacia coal mine by 2026, as the company moves forward with its…
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Semirara Mining and Power Corp. reported a 33% decline in Q1 2025 net income to P4.4 billion due to lower coal prices, offset partly by improved power…
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‘We navigated the softer energy market through improved power generation and coal production, strengthened contracting strategies and disciplined cost…
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‘While some of our key businesses continue to face headwinds, our diversified portfolio helped mitigate the impact of challenging market conditions.’
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