* Miner on the Move

Thailand’s Banpu digs for coal and generates power. And no one else in Asia is better at it.

Bontang Terminal, East Kalimantan frame

Bontang Terminal, East Kalimantan, Indonesia

Susan J Cunningham
Forbes Asia

Quiet but ambitious Thai coal miner Banpu made a splash in July when it reached a $1.8 billion deal to buy the 80% of Australian miner Centennial Coal it didn’t yet own. It seemed like a bolt from the blue, but Banpu, coming from a country with little coal of its own, has been steadily expanding overseas for 12 years. With shares of four mines in Indonesia and three in China, Banpu should soon have a stake in three of the world’s five largest ….more

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