Semirara confident on coal output despite Panian depletion

Semirara Mining and Power Corp. expects no interruption in its coal production even if it has fully exhausted mineable reserves in its Panian Pit as it has two more coal mines in Antique, its top official said.

In a disclosure to the Philippine Stock Exchange, Semirara said it received a Department of Energy (DOE) certification dated Sept. 26 certifying and confirming the depletion of the mineable coal reserves of the Panian Pit of Coal Operating Contract (COC) No. 5.

The certification, signed by DOE Undersecretary Donato Marcos, was a result of validation made by the DOE technical staff from Sept. 20 to 21.

Read more here.

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