Thai Banpu expects higher coal prices in Q2
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Monday, 23 May 2011
Mr Somruedee Chaimongkol CFO of Thai Banpu told reporters expects higher second-quarter coal prices than USD 87 a tonne in the first quarter.
1. Says to spend AUD 589 million on Australia's Centennial Coal in 2011-2015
2. Says expects 2011 coal sales production target of 42 million tonnes
3. Says to sell about THB 10 billion (USD 330 million) bonds in the second quarter or early in the third quarter
4. Says expects 2011 coal prices to exceed USD 90 per tonne
5. Sees 2011 gross profit margin rising to 42 to 45% from 40% in 2010
(Sourced from Reuters)
