SMPC: Bidding rules risk billions in state revenues

MANILA, Philippines — Semirara Mining and Power Corp. (SMPC) continued its tirade against the government coal bidding rules, saying that the planned auction would “kill” billions of pesos for no gain. “Why kill the golden goose for zero gain?” the company said in a statement on Monday. READ: Semirara cries foul over ‘unfair’ coal bidding rules