Semirara Mining Corporation receives summon from Baurer Foundations Philippines

MANILA, June 10 (PNA) — The Semirara Mining Corporation (SMC) received a summon Tuesday regarding a civil complaint filed by Baurer Foundations Philippines Inc (BFPI), which said SMC allegedly stopped Baurer from drilling 35 holes, as stated in a disclosure with the Philippine Stock Exchange (PSE).

SMC allegedly dealt in bad faith, after BFPI was prevented to execute its agreement with the company to drill 35 remaining holes included in the pre-agreed 122 holes at the Semirara Island in Antique.

The purpose of the agreement is to drill and grout numerous 1.2-meter-diameters drilled shafts, with a 150 meters depth, which would secure the fault line areas wherein the coal mining operations of the company are being done.

With the complaint, BFPI is asking a total of P507.1 million of damages and expenses, comprising of a P7 million payment for actual damages, P500 million for exemplary damages and P100,000 for litigation expenses.

SMC said it does not expect its business or operations to be affected by the case.

The case was filed at the Quezon City Regional Trial Court Branch 100. (PNA)