- | SCC income decline from maintenance shutdown and coal price drop|
- | The company enforces cost effective strategy from less complication|
| SCC Slows Down |
Semirara Mining and Power Corp. expects a slow down in net earnings from power plant shutdowns and competitive global coal prices. Higher production costs but drop in global selling price of coal caused 18% decline in coal prices every year.
The company have hopes of a better year next year as they enforced a six-month Life Extension Program, a cost-effective strategy to maintain and improve operations of facilities beyond its usual life and limit financial risks.
May 15, 2019 3:24 pm