TIS has coal reserves of 4.7 million tonnes, according to the Joint Ore Reserve Committee, and spans a total area of 2,065 hectares in East Kalimantan. The Bharinto mine generates 2.5 million tonnes of coal annually, while Trubaindo produces 5.2 million tonnes a year. Ms Somruedee said Banpu plans to increase its coal reserves by drilling deeper at its existing mines in Indonesia. Last month, Banpu expanded its gas business with the acquisition of a fifth resource in the Marcellus Shale formation in Pennsylvania. BANPU shares closed Friday on the SET at 17.20 baht, down 20 satang, in heavy trade worth 1.36 billion baht.

Source: Bangkok Post November 10, 2017 23:54 UTC