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.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
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
If you have an active account, log in
here
.