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FACTSHEET: The DMCI-owned Semirara Mining Corporation


The tragedy at the Semirara coal mine that killed as many as nine miners was the second fatal incident in two years, with five dead in 2013, a horrific record for any industrial company of its stature and size.

This was the second fatal incident in two years, with five dead in 2013, a horrific record for any industrial company of its stature and size.

 
Another subsidiary of DMCI Holdings is also under fire for building a high-rise condominium that mars the vistas of the Rizal Monument. The Supreme Court has already issued a temporary restraining order against the construction of DMCI Homes' Torre de Manila.

Semirara Mining Corp. is the biggest coal miner in the Philippines and accounts for 92 percent of the total production in the country, according to the Department of Energy (DOE).  
 
The company said its truck and shovel operations are capable of producing 8 million metric tons of coal a year. It also has an installed generating capacity of 600 megawatts (MW) with an additional 1,200 MW in the pipeline. 
 
On Friday, nine coal mine workers were buried in another mining accident at the Panian mine site in Semirara Island. All of them were presumed dead by local authorities. 
 
Semirara covers an area of 55 square kilometers in Semirara Island. It operates one mine at Panian, although it used to operate another site called Unong which in 2000 has ceased operations after 17 years of coal mining. 
 
The coal miner has a supply contract with state-run National Power Corporation (NPC), while some of its output also goes to cement plants, paper mills, textile-dying plants, canneries, food factories, a sugar mill, and a fertilizer plant.
 
In 2007, Semirara shipped coal to its first export market, China, and has since extended its market base to India, Hong Kong, Japan, Taiwan, and Thailand.


DMCI Holdings

The coal miner is operated by Semirara Mining and Power Corporation, a subsidiary of DMCI Holdings Inc. 
 
DMCI Holdings is owned by the seventh richest man in the Philippines, David Consunji, who made it to Forbes' richest 1000 this year. He has a total net worth of $4.1 billion or P182.9 billion as of April 2015. 
 
In its latest update, Forbes noted Consunji's net worth dropped to $3.5 billion as of July 17.  
 
The 93-year-old construction czar is a self-made billionaire, who founded DMCI in 1954 and has built more than 500 buildings ever since. 
 
DMCI Holdings was incorporated in 1995 to consolidate "all construction business, construction component companies, and related interests of the Consunji family." 
 
 
It has five operating subsidiaries: 
 
  • D.M. Consunji Inc.

  • DMCI Project Developers Inc.

  • Semirara Mining Corporation (formerly Semirara Coal Corporation)

  • DMCI Mining Corporation

  • DMCI Power Corporation
 
It has two affiliates:
 
  • DMCI-MPIC Water Company Inc. 

  • Private Infra Dev Corporation 
 
DMCI Holdings owns 56 percent of Semirara, a publicly listed company engaged in the exploration, mining, and development of coal resources on Semirara Island in Caluya, Antique.  – VS/NB, GMA News
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