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Banpu reports improved 3Q16 results

Published by
World Coal,

Thai coal company, Banpu, has announced revenue of US$544 million from its coal mining business in 3Q16 on coal sales of 10.7 million t. Coal sales accounted for 93% of Banpu’s quarterly revenue.

The companies Indonesian coal mines sold 7.08 million t in the quarter, raising US$360 million in revenue – a 25% increase on the previous quarter. The average selling price of its Indonesian coal was US$51.35 per tonne, a quarter-on-quarter increase of 11%.

Meanwhile, Banpu’s Australian mines sold 3.62 million t with revenue of US$184 million, up f31% from the 2Q16 figure of US$140 million. Average selling price of Banpu’s Australian mines was AU$67 per tonne, an increase of 8% on the previous quarter.

Banpu’s power business made a net profit of US$4.66 million on power sales of US$42 million.

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