Top PH coal producer sustains record shipments in 2024

By: Philippine Resources January 20, 2025

Semirara Mining and Power Corp. (SMPC), the country’s largest coal miner, continued to post record-high shipments for two straight years in 2024, with local and outbound shipments of 16.5 million metric tons (MT).

SMPC reported Tuesday that coal shipments increased by 15.8 million MT in 2023.

“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,” SMPC president, chief operating officer and chief sustainability officer Maria Cristina Gotianun said in a statement

Stronger demand from China boosted SMPC’s outbound coal shipment last year, with exports to China reaching 7.6 million MT, up by 46 percent.

Ninety percent of SMPC’s foreign shipments in 2024 went to the East Asian country.

Total coal exports of the listed firm last year reached 8.4 million MT, increasing by 4 percent.

Domestic shipments of SMPC, likewise, improved by 4 percent to 8 million MT due to higher sales to local cement companies and Calaca power plant.

SMPC mentioned that 20 percent of the 1.3 million MT sold to cement production facilities were supplied to its sister company Cemex Holdings Philippines, Inc., which was recently bought by their parent firm, DMCI Holdings, 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 added. By Kris Crismundo

 

Article courtesy of the Philippine News Agency


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