Bangkok Post: Banpu forecasts rosy revenue outlook for 2012

Banpu Plc, Asean’s largest coal miner, expects revenue growth of 15-20% this year from 100 billion baht last year, driven by rising sales volume and higher prices. Somruedee Chaimongkol, the chief financial officer, said the company expected to sell 46 million tonnes of coal this year: 27 million from Indonesian coal, up from 25 million last year, and 16 million tonnes from Australia, up from 15 million. Three million tonnes would be from China. Banpu already secured futures contracts exceeding 40% of total sales at more than US$100 per tonne, higher than the average price in 2011 of $97 a tonne, she said. To read the full article, click hereBanpu forecasts rosy revenue outlook for 2012

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