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DoE puts Semirara Coal Trading Suspension Order on Hold - SMPC

Coal News - Published on Fri, 19 Jul 2019

Image Source: Semirara Mining
Business World, citing Semirara Mining and Power Corp, reported that the Energy department had granted the request of the Consunji-led listed company to put on hold an order issued last month for the suspension of its coal trading activities. The Department of Energy sent a letter putting on hold for 30 days the implementation of the agency’s June 4 cease and desist order and suspension on its coal trading activities. The deferred order is to start on Tuesday or until the DoE has resolved the company’s verified answer, whichever comes earlier.

The company said that “SMPC shall continue its coal trading activities only on existing coal supply contracts/agreements,” quoting the conditions set in the department’s letter. SMPC shall not enter into new coal supply contracts/agreements.

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Posted By : Sanju Moirangthem on Fri, 19 Jul 2019
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