Semirara Mining Warns Against New Bidding Rules, Citing Risk to Government Revenue
Politics

Semirara Mining Warns Against New Bidding Rules, Citing Risk to Government Revenue

Semirara Mining and Power Corp. (SMPC), a major Philippine coal and power producer, warned that proposed changes to government mining auction rules could significantly reduce its revenue contributions, potentially losing the country a vital income source. SMPC has paid over P70 billion to the government in nearly three decades.

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