The Consunji-led Semirara Mining and Power Corp. has fully exhausted the mineable reserves of its Panian Pit in Semirara, Antique.
However, the company assured there will be no interruptions in their coal production as they still have two operating mines, namely the Molave and Narra pits.
Semirara said it received a Department of Energy (DOE) certification on September 26 certifying and confirming the depletion of the mineable reserves in ihe Panian Pit of Coal Operating Contract (COC) no. 5.
“The corporation’s coal production in Panian Pit will cease and rehabilitation of the area shall be undertaken,” the company said.
“We are already operating Molave and Narra Pits. No disruption in operations,” Semirara chairman Isidro Consunji said in a text message.
Semirara secured an environmental certificate compliance (ECC) for a total project area of 3, 825.25 hectares that includes the Narra and Molave coal projects.
The company is expecting 16 million metric tons (MT) of annual coal production from these mines.