Semirara Mining and Power Corporation, the Philippines' biggest coal mining company, has rescheduled around $100 million worth of capital projects and development in its Semirara Coal Mine Complex, to 2021. Semirara has started implementing cash preservation measures and plans to reduce non-essential projects as it manages a challenging environment during the pandemic.
The company previously planned to kick off an expansion at both its Narra and Molave coal pits, worth $200 million combined, and also install additional grinding and power capacity to support the expected increase in coal production in 2020.
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