Banpu projects flat revenue for this year | Bangkok Post: business

Business > News

Banpu projects flat revenue for this year

Supply glut continues to keep prices stable

- +

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.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments