Consunji-led Semirara Mining and Power Corp.’s consolidated net income increased by 3 percent to P4.57 billion from P4.42 billion a year ago. Higher excavation capacity helped its coal production climb by 3 percent to 4.1 million tons in the period. Coal sales, however, dropped by 5 percent to 3.4 million tons from 3.6 million tons last year due to lower export revenues. Sem-Calaca is not yet exposed to the Wholesale Electricity Spot Market (WESM), because its unit has an outage allowance remaining as of March 31, Semirara Mining said. A unit of DMCI Holdings Inc., Semirara Mining is involved in exploring, developing, and mining coal on Semirara Island in Caluya town, Antique province.

Source: Manila Times May 11, 2018 16:18 UTC