Banpu to Invest Heavily in Australian Coal
Australian coal production will total 20 million mt, 30 million mt will come from Indonesian mines, 5 million mt from Mongolia and another 5 million mt from China.
Investments in Indonesia and at Hongsa Lignite thermal power plant in Laos were also increased. Excluding capi-tal slated for Australian coal mines, Banpu’s investments from 2011-15 were increased by $650 million. Some 27 mil-lion mt are expected to be sold from Indonesia this year, 16.7 million mt from Australia, 3 million mt from China, and 1 million mt from Mongolia.
Revenue is projected to grow by 15% this year to 130 billion baht ($4.2 billion) thanks to higher coal sales and favorable prices as a result of strong demand in Asia. Average sales prices this year are likely to exceed last year’s $97.06/mt, he added.
Banpu expects Indonesian coal will average $100/mt, with Australian coal averaging $75/mt. In 2011, Banpu report-ed sales revenue of 112.4 billion baht ($3.7 billion), up by 72% from the previ-ous year. The increase was attributed to higher sales volume and prices from Indonesian and Australian mines.