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SMPC to spend P6.9B in 2025, mainly to expand its coal business, which saw a 4.4% rise in shipments.
Semirara Mining and Power Corp. (SMPC) will spend P6.9 billion in 2025, up from P6.6 billion in 2024, mainly to boost its coal business.
The coal segment will receive P5.8 billion for equipment and maintenance.
SMPC's coal shipments hit 16.5 million metric tons in 2024, a 4.4% rise from 2023, with China as the biggest buyer.
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SMPC gastará P6.9B en 2025, principalmente para expandir su negocio del carbón, que registró un aumento del 4,4% en los envíos.