AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home Business

Semirara eyeing to diversify coal exports

AngMinero News by AngMinero News
May 25, 2022
in Business, News
26 2
0
DOE investigates SMPC incident in Antique

Photo from BusinessWorld | bworldonline.com

84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Semirara Mining and Power Corporation (SMPC) is looking to further diversify its coal export destinations as a cushion from the volatility in the international market.

According to a report by Argus Media, among the countries where the Consunji-led firm looks to expand into is South Korea, wherein it shipped over 300,000 tons of coal in the first quarter, amounting to ten percent of its sales during the period.

For the entire 2021, SMPC only shipped out 282,000 tons or three percent of its sales to the said country.

Increasing sales to South Korea is part of the coal mining firm’s strategy to mitigate the risk impact in the export market. While SMPC’s exports to China accounted for 95% of its total exports in 2021, this decreased to 75% in 2022, based on the report. This was due to higher domestic output in China as part of its efforts in securing energy security amid the Russia-Ukraine conflict, as well as cutting down on carbon emissions by shifting to green energy.

SMPC said that its expansion to export coal to other countries will help offset the lower sales from China, adding that this move won’t affect domestic deliveries as much of the company’s produced coal is meant for export, accounting for 60% of the total sales.

Bulk of SMPC’s domestic coal goes to its power units, Sem-Calaca Power Corporation and Southwest Luzon Power Generation Company.

Recently, Semirara’s parent firm DMCI Holdings said it is looking at the possibility of merging SMPC and DMCI Mining if it would create more value for their stockholders.

Tags: Chinacoal exportsRussia-Ukraine conflictSem-Calaca Power CorporationSemirara Mining and Power CorporationSMPCSouth KoreaSouthwest Luzon Power Generation Company

Related Posts

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices
News

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

August 7, 2025
Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary
News

Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

August 5, 2025
Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026
News

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

August 5, 2025
SMPC profit drops 33% in Q2 amid lower coal, power prices
News

SMPC profit drops 33% in Q2 amid lower coal, power prices

August 4, 2025
Cebu Governor Suspends 19 Quarry Operators for Permit, Cites Environmental Violations
News

Cebu Governor Suspends 19 Quarry Operators for Permit, Cites Environmental Violations

August 4, 2025
MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director
News

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

July 30, 2025

FEATURED POST

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

August 7, 2025
Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

August 5, 2025
Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

August 5, 2025
SMPC profit drops 33% in Q2 amid lower coal, power prices

SMPC profit drops 33% in Q2 amid lower coal, power prices

August 4, 2025

EDITOR PICK'S

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

August 7, 2025

Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

August 5, 2025

Philex Mining Posts PHP301M Net Income in H1 2025, Eyes Silangan Launch by 2026

August 5, 2025

SMPC profit drops 33% in Q2 amid lower coal, power prices

August 4, 2025

Cebu Governor Suspends 19 Quarry Operators for Permit, Cites Environmental Violations

August 4, 2025

MAP President Alfredo Panlilio Joins Marcventures Board as Independent Director

July 30, 2025

DENR-12 Cracks Down on Illegal Gold Mines in Sultan Kudarat

July 30, 2025

Recent News

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

Nickel Asia Net Income Jumps 88% to PHP2.1B on Strong Ore Prices

August 7, 2025
Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

Dinapigue Youth Leaders Push Sustainability Agenda with Nickel Asia Subsidiary

August 5, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In