Semirara Mining & Power hits record coal shipments in 2024

Consunji-led Semirara Mining and Power Corporation (SMPC) has posted record-high shipments of coal in 2024.

In a disclosure to the Philippine Stock Exchange, SMPC reported that it shipped 16.5 million metric tons (MT) of coal last year, exceeding 2023’s previous all-time high of 15.8 million MT.

The company said the surge in coal shipments was “predominantly propelled by stronger demand from China and domestic markets.”
 
“For the third consecutive year, we have hit our maximum coal production of 16 million metric tons under our existing Environmental Compliance Certificate (ECC). This milestone underscores the SMPC team’s dedication and commitment to meet rising local and global energy demand,” said SMPC president, chief operating officer and chief sustainability officer Maria Cristina Gotianun.
 
In 2024, SMPC’s foreign shipments climbed 4% to 8.4 million MT, with exports to China increasing by 46% to 7.6 million MT.
 
Domestic shipments also grew by 4% to 8.0 million MT driven by increased sales to local cement producers and Calaca power plants.
 
SMPC said that 20% of the 1.3 million MT sold to cement plants were supplied to associate company Cemex Holdings Philippines Inc. (CHP).
 
“While we anticipate market prices to further normalize in 2025, we remain focused on strengthening our customer network and enhancing operational efficiencies to effectively support national energy security and meet the growing demand from the industrial and cement sectors,” said Gotianun.

--VAL, GMA Integrated News