Semirara: Semirara Mining and Power sets P6.9-B capex for 2025

SEMIRARA Mining and Power Corp. (SMPC) expects its capital expenditure (capex) budget for this year to reach P6.9 billion, with a significant portion going to its coal business. Around P5.8 billion is allocated to the coal segment for "refleeting initiatives and additional acquisition of mining and support equipment," the company said. SMPC's subsidiary SEM-Calaca Power [...]