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)

Oct 13, 2017

2. SEC Identification Number

91447

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

632-8883000/8883055

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	4,261,145,720

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 H1 royalty payment triples to nearly P1.7B
Background/Description of the Disclosure
Integrated energy company Semirara Mining and Power Corporation (SMPC) has tripled its first half royalty payments to the Department of Energy (DOE) to 1.69 billion from P575 million during the same period last year. The surge in government remittances was driven by the SMPC’s increased production and expanding operations. The company is targeting an annual coal production of 16 million metric tons in the next two to three years. Last year, SMPC produced 12 million metric tons of the indigenous fuel. Of the P1.69 billion, about 676 million will go to the local government units where SMPC operates. By law, the Province of Antique will receive P135 million while the Municipality of Caluya and Barangay Semirara will receive P304 million and P237 million, respectively. The rest of the amount, or over P1 billion, will be retained by the National Government. “Our continued partnership with the DOE allows us to create and deliver shared value to the government and our host communities. With the increased royalty payments, they can undertake more programs and projects for our countrymen,” said SMPC President and COO Victor A. Consunji. Under the Local Government Code of 1991, local government units are entitled to a 40 percent share of royalty proceeds from petroleum, coal, geothermal, hydrothermal and wind resources. In 2015, SMPC remittances accounted for 83 percent of the P2.2 billion total government royalty collections from energy resource and production. Western Visayas, SMPC’s host region, received the biggest LGU share at nearly P725 million. SMPC is the only power producer in the country that owns and mines its own fuel source, allowing it to generate affordable baseload power for the Luzon and Visayas grids.
Other Relevant Information
None.