A 1905 report documented the island as then being forested, and it was estimated that nearly half the trees were a species of
Molave described as "wonderful hard wood", as "scarce along the coasts of the archipelago". This large and readily accessible supply was noted to possibly be of considerable importance. The report also documented a profusion of wild grapes on the island, describing them as edible and similar in size to the
Concord grape. and noting that a large quantity of seeds would be brought a forest reserve facility for experimentation aimed at producing a cultivatable variety. The island was declared a mineral reservation by President
Manuel Quezon in 1940 through Proclamation No. 649.
Semirara Mining and Power Corp. (SPMC) opened its first coal mine in the island in Unong in 1984 which operated until 2000 and the area's vegetation and lake restored years later. The company then opened several more mines including the Panian Pit which operated until in October 2016 shortly after its coal deposits depleted. SPMC also opened the Narra Pit and the Molave Pit in Semirara Island, both which started commercial operations in the same year. ==Administration==