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Semirara Mining and Power Corporation (SCC.PS)

SCC.PS on Philippine Stock Exchange

145.20PHP
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Semirara Mining And Power Corporation refers to case of Bauer Foundations versus. Semirara Mining Corp
Monday, 20 Mar 2017 01:24am EDT 

Semirara Mining And Power Corporation : Plaintiff alleged corporation prevented Bauer from drilling,grouting remaining 35 holes in violation of parties’ agreement . Bauer is asking the court that the corporation be adjudged to pay the amount of 7 million pesos for actual damages . "Contrary however to allegations of Bauer, it is Bauer which failed to perform and deliver based on timeline as agreed" . Company does not expect the case to have any effect on its business or operations .Refer to disclosure relative to case of “Bauer Foundations Philippines, Inc., plaintiff, versus. Semirara Mining Corp".  Full Article

Semirara Mining And Power clarifies news reports regarding DENR cancelling 75 mining contracts
Tuesday, 14 Feb 2017 11:05pm EST 

Semirara Mining And Power Corporation : Clarifies of news reports regarding DENR cancelling 75 mining contracts . There is pending transfer or assignment of the MPSA of South Davao Development in favor of the company . Due to recent developments, matter will be submitted for management’s deliberation .Development has no material adverse effect on the business operations and financial conditions of company.  Full Article

Semirara Mining And Power Corporation clarifies about news article in philSTAR.com on Feb 13
Monday, 13 Feb 2017 02:11am EST 

Semirara Mining And Power Corporation : Refers to news article entitled “Semirara to hike output 10% this year” posted on philSTAR.com on February 13 . Confirm expected production to increase this year by 10%, more or less, but co emphasize it is on assumption of favorable weather condition .On supposed suspension of ECC, clarify that the co has not received any notice of deficiency.  Full Article

Semirara mining updates on suspension and closing of several mines
Thursday, 2 Feb 2017 01:56am EST 

Semirara Mining And Power Corporation : refers to statement of DENR secretary, Regina Paz L. Lopez regarding suspension and closing of operations of several mines .closure of mining operations has no adverse effect whatsoever on the business operations and financial conditions of the company.  Full Article

Semirara Mining Corp clarifies on collateral issues raised against co
Tuesday, 16 Aug 2016 04:39am EDT 

Semirara Mining Corp : Refers to announcement dated August 12, relative to Department Of Energy'S directive to clarify collateral issues raised against co . Assures that waste is not thrown to nor in direct contact with the environment or with the mangroves in the area" . Does not utilize toxic chemicals or materials in its operations" . "Sulfur content of Semirara coal produced does not post danger to our employees nor to nearby residents" .  Full Article

Semirara Mining responds to briefing by department of environment and natural resources
Thursday, 11 Aug 2016 03:18am EDT 

Semirara Mining Corp : Announcement refers to press briefing of secretary Regina l. lopez of the department of environment and natural resources (denr) . Yet to receive a copy of any order from denr. we will respond accordingly once we have the complete official information" . Reiterate that Semirara Mining and power corporation has been fully complying with all relevant laws and regulations" .  Full Article

Semirara Mining clarifies on news article relating to 2016 production
Tuesday, 14 Jun 2016 02:09am EDT 

Semirara Mining Corp : Announcement refers to article entitled "Semirara to hike output" posted in inquirer.net on June 14, 2016 . Confirm "production could reach to about 10 million mt for 2016 given favorable weather conditions for maximized operating days" .  Full Article

Semirara Mining consolidated Q1 net income after tax up 16% yoy at 2.91 billion pesos
Monday, 9 May 2016 09:01pm EDT 

Semirara Mining Corp : Consolidated Q1 net income after tax up 16% yoy at 2.91 billion pesos; Q1 revenues 6.66 billion pesos versus 7.25 billion pesos .  Full Article

Semirara Mining Corp updates on supreme court decision on illegal dismissal case
Thursday, 28 Apr 2016 06:10pm EDT 

Semirara Mining Corp:Supreme court decision on illegal dismissal case.Court resolves to deny the petition for failure to sufficiently show any reversible error in the challenged decision.Refers to illegal dismissal case filed by Bornea seeking reinstatement as foreman supervisor of co in its mining facility in caluya, antique.Supreme court's resolution does not have any effect on its business or operations.  Full Article

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