Largest Philippine Coal Miner Plans $400 Million Plant Boost
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Semirara Mining Corp., the Philippines’ largest coal producer, plans to spend $400 million to boost power plant capacity, forecasting that two-thirds of profit will come from generation in three years.
The company may sign a syndicated loan for 70 percent of the cost of the expansion as early as next quarter, Chief Executive Officer Isidro Consunji said in an interview.