Tuesday, June 2, 2009

Thai Banpu Wants Indonesian Coal Mine

The Indonesian unit of Thai Banpu wants to acquire a coal mine in Indonesia to boost production, a company official said on Tuesday.

Apimuk Taifayongvichit, chief marketing and logistics planner of the unit, PT Indo Tambangraya Megah, said it is looking for a mine in Indonesia's Kalimantan region.

Banpu has the capacity on its balance sheet to fund an acquistion, Apimuk told Reuters on the sidelines of Coaltrans conference.

Source: Reuters

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