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Thai Banpu Indonesian unit seeks coal mining acquisition

Mon Jun 1, 2009 11:22pm EDT

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NUSA DUA, Indonesia, June 2 (Reuters) - The Indonesian unit of Thai Banpu (BANP.BK) wants to acquire a coal mine in Indonesia to boost production, a company official said on Tuesday.

Indonesia

Apimuk Taifayongvichit, chief marketing and logistics planner of the unit, PT Indo Tambangraya Megah (ITMG.JK), said it is looking for a mine in Indonesia's Kalimantan region.

Banpu has the capacity on its balance sheet to fund an acquistion, Apimuk told Reuters on the sidelines of Coaltrans conference. (Reporting by Fayen Wong, editing by Sara Webb)

Indonesia


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