The Department of Energy said that coal traders engaged in illegal trading will face penalty and revocation of permits. .“In order to fully comply with the obligations under the Circular and avoid being penalized under the same, you are hereby directed to inhibit from transacting and/or undertaking coal trading activities or related businesses with illegal small-scale miners, non-accredited coal traders and unregistered coal end-users,” the advisory stated.
The energy official emphasized that the advisory “serves as a warning for all stakeholders that any future infraction will be severely dealt with by the DOE.” The energy official emphasized that under Section 2.7 of the Circular, “coal trading refers to the business of buying, selling, importing, exporting, marketing, transporting, distributing, handling, stockpiling and storage of coal and other related activities.”
Additionally, Sales stated that registered coal end-users are obliged “to purchase locally- produced coal only from valid COC holders, independent SSCMP holders or other accredited coal traders.”
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