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Semirara Mining handled a record 16.5 million metric tons in coal shipments in 2024, surpassing 2023’s all-time high of 15.8 million MT
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The surge was predominantly propelled by stronger demand from China and domestic markets
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Foreign shipments climbed 4% to 8.4 million MT, with exports to China increasing by 46% to 7.6 million MT
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Domestic shipments also grew by 4% to 8 million MT driven by increased sales to local cement producers and Calaca power plants
Energy company Semirara Mining and Power Corp. (SMPC) handled a record 16.5 million metric tons (MT) in coal shipments in 2024, surpassing 2023’s all-time high of 15.8 million MT.
The surge was predominantly propelled by stronger demand from China and domestic markets, SMPC, the Philippines’ largest coal producer, said in a disclosure to the stock exchange.
“For the third consecutive year, we have hit our maximum coal production of 16 million metric tons under our existing Environmental Compliance Certificate (ECC),” said Maria Cristina Gotianun, SMPC president, chief operating officer, and chief sustainability officer.
“This milestone underscores the SMPC team’s dedication and commitment to meet rising local and global energy demand,” Gotianun added.
In 2024, 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 million MT driven by increased sales to local cement producers and Calaca power plants.
SMPC said 20% of the 1.3 million MT sold to cement plants were supplied to associate company Cemex Holdings Philippines Inc.
“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,” Gotianun said.
In 2023, Semirara Coal Corp. private port, an affiliate of SMPC, was one of the top three Philippine ports in terms of cargo throughput, according to the Philippine Ports Authority.
