Philippines’ Top Coal Producer Plans $5-Billion Mine Expansion
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Semirara Mining and Power Corp., the Philippines’ largest coal producer, said it’s looking to spend 291.4 billion pesos ($5.07 billion) to expand its mines.
The company has proposed to the Department of Environment and Natural Resources a five-year spending plan that includes capital expenditures, production costs, and operating expense, it told the Philippine Stock Exchange on Monday, confirming news reports.