Semirara Mining and Power Corp.

The Consunji Group, through DMCI Holdings, Semirara Mining and Power Corp., and Dacon Corp., received PCC approval for its $305.6 million acquisition of Cemex Asian South East Corp., which holds an 89.86% stake in Cemex Holdings Philippines. The deal includes cement manufacturing assets in the Philippines.

Semirara Mining and Power Corp. will spend about P$5 billion on mining equipment capital expenditures in 2017 as part of its expansion and fleet modernization program. The company has already spent P$3.5 billion in the first six months, including delivery of 46 dump trucks and six hydraulic excavators.