Consunji readies bid for Semirara coal contractZAMBOANGA , Philippines — Tycoon Isidro Consunji, chairman of Semirara Mining and Power Corp. (SMPC), said the company is gearing up for the looming auction of its coal contract and will come prepared with a stronger offer. The Department of Energy (DOE) said it would auction off the contract to operate Semirara mine in Antique instead of heeding SMPC’s bid to extend the coal operating contract for an additional 13 years. The government is set to open the bidding for the coal contract on Feb. 27. Under a pre-determined area (PDA) bid round, the DOE will offer 10 blocks on Semirara Island. A PDA bid round is a competitive process in which the government offers identified resource areas for development and production.

Source: Philippine Star February 20, 2026 01:18 UTC