Centennial Considers Banpu Takeover
Banpu, Southeast Asia's largest coal pro-
ducer, is preparing to take over Australia's
Centennial Coal in a deal worth A$2 bil-
lion, one of the largest coal deals for a
Thai company. With 11 coal mines in New
South Wales, Centennial is the largest
independent coal company in Australia,
producing 15 million metric tons (mt) per
year. It has a nearly 420 million mt in
reserves. Banpu needs approval for the
deal from Australia's foreign investment
review board, expected in one month, and
from its shareholders.
As featured in Womp 2010 Vol 06 - www.womp-int.com