Banpu Plc, Asean's leading coal miner, expects flat revenue growth this year from 117 billion baht in 2012 despite a surge in sales volume as coal prices continue to dip.
Somruedee Chaimongkol, the chief financial officer, said Banpu expects to sell 48 million tonnes of coal this year, up from 43.8 million in 2012, as Indonesian mines pump 2 million more tonnes of coal, with another 2 million from Chinese operations. Centennial Coal in Australia will maintain production at nearly 15 million tonnes.
Meanwhile, Banpu's average selling price is expected to decline by US$10 per tonne for Indonesian coal to $80 this year while Australian coal slips $2-3 per tonne from $76.
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