C00061-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jan 5, 2024
2. SEC Identification Number
0000091447
3. BIR Tax Identification No.
000190324000
4. Exact name of issuer as specified in its charter
SEMIRARA MINING AND POWER CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
2/F DMCI Plaza, 2281 Don Chino Roces Avenue, Makati City Postal Code 1231
8. Issuer's telephone number, including area code
632-88883000
9. Former name or former address, if changed since last report
-
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 4,250,547,620
11. Indicate the item numbers reported herein
9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Semirara Mining and Power CorporationSCC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

SMPC ACHIEVES RECORD COAL SHIPMENTS IN 2023;
MOVES TO PSE INDUSTRIAL MARKET SECTOR
Background/Description of the Disclosure

PRESS RELEASE


SMPC ACHIEVES RECORD COAL SHIPMENTS IN 2023;
MOVES TO PSE INDUSTRIAL MARKET SECTOR

Integrated energy company Semirara Mining and Power Corporation (SMPC) achieved a record-breaking coal sales volume of 15.8 million metric tons (MT) in 2023, marking a 6-percent increase from the previous year.

The growth was largely fueled by a 13 percent rise in export sales, which surged from 7.1 million MT to 8.1 million MT. In contrast, domestic sales stayed flat at 7.7 million MT.

“Our sales performance aligns with our 2023 target of 15 to 16 million metric tons. It also reflects our team's relentless effort and commitment to deliver stable fuel supply amidst the challenging dynamics of the global market,” said SMPC president and COO Maria Cristina C. Gotianun.

In 2023, majority of Semirara coal exports went to China (65%), followed by South Korea (27%) and Brunei (4%). Shipments to Japan, India, and Vietnam made up the remainder.

China shipments recovered by 31 percent from 4 million MT to 5.2 million MT on heavy stockpiling, consumption recovery and lower hydropower generation.

Demand from South Korea was steady year-on-year at 2.2 million MT while Brunei sales nearly tripled from 102,967 MT to 306,800 MT.

Looking ahead to 2024, Gotianun added, “Our goal is to ship at least 15 million metric tons of Semirara coal, focusing on the domestic market. This aligns with our commitment to national energy security.”

Additionally, as of December 27, 2023, SMPC (PSE: SCC) underwent a reclassification in its market sector. Previously part of the Mining subsector of the Mining & Oil sector, SCC is now listed under the Electricity, Energy, Power & Water subsector of the Industrial sector.

The sector reclassification is the result of the Philippine Stock Exchange’s careful review of SCC’s revenue sources and business operations.

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Other Relevant Information

In accordance with SEC Notice issued on March 17, 2020, attached herewith is SEC Form 17-C for your immediate reference.
Filed on behalf by:
Name John Sadullo
Designation Vice President - Legal and Corporate Secretary