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Semirara Mining Corp. Reported Mining Operation Net Profits Increase 26 Percent
Profits of Consunji-led Semirara Mining Corp. went up by over a quarter last year, back-stopped by improved equipment which helped accommodate growing demand for coal from the local and foreign markets.
Semirara Mining Corp. Plans To Export 2.5 mln Coal Mine This Year
Semirara Mining Corp., owned by the Consunji family, plans to export 2.5 million metric tons of coal this year, company officials said.
Semirara Mining Gets Coal Mine Operating Contract in Semirara Island 15 year
It is reported that Philippine energy department has extended Semirara Mining Corporation’s coal operating contract in Semirara Island by another 15 years.
Semirara was incorporated on February 26th 1980. It offered its shares to the public in 1983. On July 11th 1977, the government through the Energy Development Board, awarded a 35 year coal operating contract [...]
Coal Mining Exploration Company, Semirara Sees Strong Profit Growth
Semirara Mining Corporation, the country’s largest coal producer, expects its net profit to rise more than 20 percent this year and coal revenues to jump as much as 56 percent mainly due to higher coal prices and increased exports, the company’s chief executive said Tuesday.
Semirara hopes to sustain its double-digit profit and coal revenue growth [...]
Sultan Mining and Energy Will First Shipment of Coal Mine Result
Sultan Mining and Energy Development Corp. will make the first overseas shipment of its coal mine exploration output after entering into a supply contract with Switzerland’s Glencore International AG, documents from the Department of Energy (DOE) showed.
Glencore, one the world’s largest suppliers of commodities and raw materials, will purchase 90,000 metric tons of local coal [...]
Rehabilitate Coal Fired Power Plant in Batangas
Suez S.A. of France’s subsidiary Energy Emerald Corp., which won the bid for the 600MW Calaca coal fired power plant in Batangas is planning to carry out a refurbishment program to rehabilitate the plant to near its original performance and reliability.
Based on a report to the International Finance Corp. (IFC), Energy Emerald will work out [...]
Philippines Coal Mining Exploration and Producer, Semirara to Expand Coal Capacity
Semirara started exporting coal last year to reduce its dependence on local consumers, such as the country’s largest power generation firm National Power Corp.
This year, Semirara Mining Corpwill to expand coal capacity production and expand market coal export to China, India and Hong Kong to double to 1.6 million tonnes this year.
Total Semirara coal sales [...]
DMCI Q1 profit up 20% at P289M
Construction-based conglomerate DMCI Holdings Inc. reported a 20-percent rise in consolidated net income in the first quarter to P289 million from P241 million in the same period last year, citing largely contributions from newly acquired interest in water distribution and a boom in real estate.
Late last year, DMCI, with Metro Pacific Investments Corp., won a [...]
Coal producer Semirara to venture into mining, power
Coal producer Semirara Mining Corp., a unit of the DMCI Holdings group, plans to foray into new businesses like power and nickel or copper-gold mining that will provide it a steady revenue stream once its supply contract with its single biggest customer, a state-owned power plant in Batangas province, expires in 2010, company officials said [...]
