Centennial Considers Banpu Takeover

Banpu, Southeast Asia's largest coal pro- ducer, is preparing to take over Australia's Centennial Coal in a deal worth A$2 bil- lion, one of the largest coal deals for a Thai company. With 11 coal mines in New South Wales, Centennial is the largest independent coal company in Australia, producing 15 million metric tons (mt) per year. It has a nearly 420 million mt in reserves. Banpu needs approval for the deal from Australia's foreign investment review board, expected in one month, and from its shareholders.
As featured in Womp 2010 Vol 06 - www.womp-int.com