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Home Business Top Business Energy dept suspends, fines Semirara Mining

Energy dept suspends, fines Semirara Mining

THE Department of Energy (DoE) slapped Semirara Mining and Power Corp. (SMPC) with a suspension and financial penalty for violating its rules on coal trading. SMPC shall pay P1.735 million for unabated and continuous coal trading despite suspension of its accreditation. The DoE found SMPC in violation of Section 7.2 of the Department Circular DC2012-05-0006, or the “Guidelines on the Accreditation of Coal Traders and Registration of Coal End-Users.” It also violated Section 3 of the same circular for trading with non-accredited or unregistered firms. SMPC files its motion seeking reconsideration of the said resolution. The DoE, in its June 4, 2019 resolution directed SMPC to halt its coal trading activities and operations until further notice.


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