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Semirara Mining questions DOE coal auction rules for Semirara Island mine

By balita.fyi Newsdesk ยท Editor: Bart Sakwerda ยท ยท AI-written from the reports listed below

Semirara Mining and Power Corp. (SMPC) said the Department of Energy's auction for the Semirara coal mine in Antique violates bidding protocols, GMA News, Philstar and BusinessWorld reported. The company objected to awarding the contract on the highest financial bid alone and to a rule requiring it to surrender its mining assets in order to bid. SMPC's contract expires in July 2027. The DOE had not replied to the outlets' requests for comment.

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Written and translated by AI (Claude) using only the reports listed below. Read the full story at the original source.

Read in: Bisaya ยท Filipino