Banpu

Banpu (also known as Banpu Public Company) is a Thai coal mining company. While originally established as a coal supplier to cement producers and the power generation sector in Thailand, the depletion of domestic coal deposits has spurred the company to diversify into coal production in both Indonesia and China. On its website the company states that "in 2007 Banpu sold around 19.3 million tonnes of coal from existing assets and plans to sell approximately 20 million tonnes of coal this year from domestic and Indonesian coal mines."

A November 2007 presentation to investment analysts by the President of BHP Billiton Coal, Dave Murray, noted that Banpu had an 2% share of the global coal export trade, making it the tenth largest coal exporter in the world. (Banpu is equal tenth in the global rankings with Adaro Indonesia).

Expansions
In October 2011, a $477 million takeover of Australia's Mongolia-based Hunnu Coal by Banpu Public Company was approved by Australia's Foreign Investment Review Board and the Bank of Thailand. Banpu in March 2011 acquired about 12 per cent of Hunnu, four months after Banpu took over Australian coalminer Centennial Coal for more than $2 billion.

Contact Details
26th-28th Floor, Thanapoom Tower, 1550 New Petchburi Road, Makkasan, Ratchathewi, Bangkok 10400 Thailand Telephone : +66 2694 6600 Facsimile : +66 2207 0695-97 Website: http://www.banpu.co.th/eng/profile/cobal.php

Related SourceWatch Articles

 * Indonesia and coal
 * China and coal
 * Corporate market share of global coal export trade
 * Thailand and coal