Integrated energy company Semirara Mining and Power Corporation (SMPC) achieved a historic 16.5 million metric tons (MT) in coal shipments in 2024, surpassing last year’s all-time high of 15.8 million MT, on strong demand from China and domestic markets.
“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,” said SMPC President, Chief Operating Officer, and Chief Sustainability Officer Maria Cristina C. Gotianun, in a disclosure to the Philippine Stock Exchange.
In 2024, foreign shipments climbed 4 percent to 8.4 million MT, with exports to China increasing by 46 percent to 7.6 million MT.
Domestic shipments also grew by 4 percent to 8.0 million MT driven by increased sales to local cement producers and Calaca power plants.
Notably, 20 percent of the 1.3 million MT sold to cement plants were supplied to associate company Cemex Holdings Philippines Inc. (CHP).
“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.
