Semirara Mining and Power Corp. is postponing its capital spending worth P3.7 billion until next year as the coronavirus disease 2019 (Covid-19) pandemic continues to disrupt economic activities, affecting companies here and abroad.

“Consistent with our disciplined and prudent approach to managing our company, we are rescheduling [the] P3.7 billion worth of capex (capital expenditures) to 2021,” Semirara Mining Chairman and Chief Executive Officer Isidro Consunji said during the listed firm’s virtual annual stockholders meeting.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details