Philippines-based Semirara Mining and Power has disclosed plans to invest PHP291 billion (US$5.0 billion) for its coal mine expansion project in Semirara Island, Caluya, Antique, reported the Manila Standard.
Semirara said in documents submitted to the country’s Department of Environment and Natural Resources that the investment would expand the existing Molave and Narra pits and the Acacia deposit. The project expansion is based on the discovery of additional coal resources and reserves of 90 million metric tons and 72 million Mt, respectively, from the Acacia pit.
“SMPC’s operations in the Molave and Narra mines, along with the future expansion in Acacia, ensure continued coal production, which is crucial for electricity generation and cement manufacturing,” the miner said.
Semirara said it anticipates coal mining operations for the Acacia prospect to start as early as the third quarter of 2026.
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