Tag Archives: BANPU

At the price of A$1.8 per share, it offers a 30 per cent premium over the closing price as of...

Thailand's largest coal miner, Banpu, is confident of strong demand from Japan in the next few years as the country will either have to increase the capacities of existing power plants or build new ones to make up for the shutdown of the disaster hit Fukushima nuclear plant.

Banpu will continue to look for new acquisition targets after the takeover of a coal mine in Mongolia, but the value of any deals will be lower than those sealed to date.

BANPU reported to the SET that Banpu Minerals (Singapore) (BMS), its wholly-owned subsidiary, has formed a strategic partnership with Hunnu Coal (Hunnu) by acquiring 30mn shares in Hunnu through a private placement at A$1.5 per share or a total of A$45mn (Bt1.4bn).

Banpu Plc, Asean's largest coal miner, expects its average coal selling prices to reach US$90 per tonne this year with total sales volume of around 45m tonnes, says chief executive Chanin Vongkusolkit.

Banpu is confident that a lawsuit claiming damages of Bt63.5b, filed against it by Thai-Lao Lignite (TLL), will not affect development...