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Semirara Mining and Power Corporation
|Semirara Mining and Power Corporation (SCC) was incorporated on February 26, 1980 to explore, develop, and mine the coal resources in Semirara Island located in Caluya, Antique. The Company has a coal operating contract with the Department of Energy in 1977 (amended 1981) for the exploration, development, mining and utilization of coal in Semirara Island, which has an estimated coal reserve of 170 million metric tons. The Company generates its revenues through the production and sale of sub-bituminous coal.
On August 18, 2014, the Securities and Exchange Commission approved the change in corporate name to the present one. The change in SCC's corporate name is in line with the forward integration of the Company business as a coal supplier or producer to power generation through its wholly-owned subsidiaries.
As of December 31, 2015, SCC has seven wholly-owned subsidiaries, namely: SEM-Calaca Power Corporation; SEM-Cal Industrial Park Developers Inc.; Southwest Luzon Power Generation Corporation; Semirara Claystone Inc.; Semirara Energy Utilities Inc.; SEM-Balayan Power Generation Corporation; and St. Raphael Power Generation Corporation.
Source: SEC Form 17-A (2015)
|Sector||Mining and Oil|
|Incorporation Date||Feb 26, 1980|
|Number of Directors||11|
|Stockholders' Meeting as per By-Laws||Per By-Laws: May - first Monday at 10 am except holidays; For 2011: 02 May 2011, Record Date: 21 March 2011, Circ. No. 2490-2011|
|Fiscal Year||12/31 (Month/Day)|
|External Auditor||SyCip, Gorres, Velayo & Company|
|Transfer Agent||Rizal Commercial Banking Corporation - Stock Transfer Dept.|
|Business Address||2/F DMCI Bldg. 2281 Pasong Tamo Extension Makati City|
|Telephone Number||888-3000; 8167301-10|
|Fax Number||816-7185; 888-3955|