SMPC Asks DOE to Ease Conditions for Lifting Cease-and-Desist Order on Coal Trading
Semirara Mining and Power Corp. (PSE: SCC) is asking the Department of Energy (DOE) to amend the conditions cited in lifting of the cease-and-desist order (CDO) earlier imposed on the Consunji-led firm’s coal trading operations.
SMPC earlier requested reconsideration with the DOE to hold in abeyance the implementation of its June 4 order pending resolution of the alleged violation and in order not to interrupt SMPC’s ongoing coal trading activities and operations, and renege on its contractual commitments and obligations to its coal buyers.
