Semirara Mining remits P1.7-B royalty payment

By Jordeene B. Lagare

Sep 01, 2021 12:35 am

Semirara Mining and Power Corp. remitted close to P1.7 billion in royalty payment to the Department of Energy for the second quarter.

In a disclosure on Tuesday, the Consunji-led company it managed to make a record high quarterly payment after recognizing P14.8 billion in revenues on the back of all-time high coal sales and higher average selling prices.

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