LISTED Semirara Mining and Power Corp. (SMPC) paid to the Department of Energy (DoE) last March P3.57 billion in royalties for 2018, a 17-percent decrease from the P4.3 billion it paid a year earlier.

In a statement over the weekend, the Consunji-led company attributed the decline in its remittance to lower sales of coal, which fell by 11 percent to 11.6 million metric tons (MMT) from 13.1 MMT previously.

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