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Thai miner Banpu ends new coal development in green shift: CEO

Somruedee says company aims to have cleaner energy account for half of profit by 2025

Banpu has ceased mining for coal in Thailand after its reserves ran dry. All coal mining is now done in Indonesia and Australia. (Photo courtesy of Banpu) 

BANGKOK -- Thailand's biggest coal producer, Banpu, will no longer start any new coal developments as the company pivots toward green energy, company CEO Somruedee Chaimongkol said in an interview.

"We will only produce from our organic reserve that we have," said Somruedee. "We have no plan to invest more in the coal mine assets."

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