Banpu told to pay B29.5bn | Bangkok Post: business

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Banpu told to pay B29.5bn

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Banpu Plc, the country's leading miner, was ordered by the Civil Court on Thursday to pay damages of at least 29.5 billion baht until 2039 to Siva Nganthavee and his associated companies. 

Banpu disagreed with the ruling and will appeal, it said in a statement to the Stock Exchange of Thailand after the market closed Thursday.

Mr Siva claimed Banpu Power, a subsidiary of Banpu, entered into a joint venture with his group to acquire information about a coal mine concession and the feasibility study of the Hongsa power project.

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