Thailand’s largest coal miner Banpu Plc (BANPU) today said its net profit in the first quarter of this year rose to almost 4.8 billion baht, increasing more than double from 2.1 billion baht from the same period of last year.
Chanin Vongkusolkit, chief executive officer of Banpu Plc, said in the company’s reports to the Stock Exchange of Thailand that about 3.6 billion baht of the first quarter’s net profit came from coal business while nearly 1.17 billion baht was from the company’s power business.
During the quarter, the net profit …

Banpu Plc, Thailand’s leading coal mining operator, plans to invest US$208 million in improving its coal mines in Indonesia and China this year.
Chanin Vongkusolkit, chief executive officer of Banpu, yesterday told the press that the company has planned to spend about US$208 million on the improvement of existing coal mine businesses in Indonesia and China.
About US$126 million, Chanin said, will be used for Bontang port expansion, infrastructure development at Bharinto Mine, mining equipment procurement at Indominco East Block, the final phase construction of Bontang coal-fired power plant and improvement works …