The Nation: Banpu’s 5-yr expenditure

Banpu, Thailand’s largest coal miner, has revised upwards its capital-expenditure forecast for 2011-15 to US$1.75 billion (Bt53 billion) from $670 million, mainly on new investments in Australia’s Centennial Coal and in Mongolia. The company’s previous five-year plan did not include the operations in Australia and Mongolia, new coal mines that Banpu acquired in 2011, chief executive officer Chanin Vongkusolkit said yesterday. The bulk of the investment-budget increase is for coal-mine development in those two countries and Indonesia. Chanin said the company had set aside $600 million for the production in Australia, of which $400 million was targeted to increase production capacity to 4.3 million tonnes by 2014. The budget for developing coal mines in Mongolia is $400 million. To read the full article, click hereBanpu’s 5-yr expenditure

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