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)

Dec 1, 2020

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

632-88883000/88883055

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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Voluntarily Deferral of Mining Operations in North Block 7 of Molave Mine
Background/Description of the Disclosure
We would like to notify the Exchange that the Company has voluntarily deferred mining operations in North Block 7 (NB7), one of four mining blocks in Molave Mine. The deferral is due to water build-up in the sump of NB7, which was caused by water seepages and aggravated by heavy rainfall from the recent typhoons. Deferring mining operations in NB7 will allow our technical consultants and mining personnel to implement remedial measures to manage the water build-up. The Company is currently unable to provide an estimate of when operations in the area will normalize pending completion of the remedial measures. Coal shipments for this year will not be affected by the deferral of mining operations in NB7 as the Company has 3.4 million MT of coal inventory (as of December 1, 2020). However, we may not be able to meet the coal quality specifications of a few customers due to the expected delay in the production of high CV (calorific value) coal. Discussion between the Company and these customers are ongoing to address the matter. In addition, the Company is behind by 1.7 million MT from its 2020 coal production target of 15 million MT. Ramping up production to meet the full-year target is unlikely at this point given the water seepages at NB7. With the lower production, estimated financial impact is an increase of around P900 million in cost of coal sold owning to higher weighted average cost, which will negatively impact 2020 profitability.
Other Relevant Information
Please see attached SEC Form 17-C dated December 1, 2020.