Thai?s Banpu Indonesian coal mining operations update

The following is excerpt from Thai energy conglomerate Banpu Plc?s Investor/Analyst presentations for the quarter ended 30 June 2003.

London-based consulting engineers Steffen, Robertson & Kirsten (UK) Ltd.?s (SRK) recent review of Banpu?s reserves showed 92 percent in Kalimantan, of which one-third in Trubaindo.

INDOMINCO
Indominco is Banpu?s largest mining operation

Indominco represents about 25 percent of Banpu?s coal reserves:

Major open-pit mine with production capacity up to 6mtpa

World class privately-owned port facility at Bontang (6mtpa)

Indominco produces two brands:
- Premium (6,700 Kcal/kg; S 0.8%)*
- MCV (6,500 Kcal/kg; S 0.5%)

JORONG
Jorong is Banpu?s greenfield mine that came on-stream in 1998

Low-cost open-pit mine (Banpu greenfield, on-stream 1998):

Jorong represents around 20 percent Banpu?s reserves

Coal transported 18km to processing plant at Banpu-owned barge loading facility

Jorong coals sold as:
- J-1 (5,300 Kcal/kg; S 0.3%)
- J-2 (5,600 Kcal/kg; S 0.8%)

KITADIN
Kitadin has around half of all Banpu?s additional coal ?resources? and so may provide future growth

Kitadin constitutes 18 percent of Banpu?s reserves:

Kitadin also has 72mt of coal resources (52 percent of Banpu?s total resources); represents important area of future growth potential:

Kitadin operates mines at Embalut and Tandung Mayang

Kitadin coal is trucked to a washing plant at a loading jetty about 7.5km and then by tug and barge to vessels in open sea Reserves

TRUBAINDO PROJECT
The Trubaindo project has reserves of over 50 million tonnes and will commence operation by end of 2004:

Trubaindo reserves (based on SRK audit) 30 percent of Banpu?s total

Open-pit operation to produce up to 5 mtpa by 2006

Commissioning due by end 2004

Project development on-track:
- bidding of construction of production facilities almost complete
- mine plan completed
- good pre-marketing feedback
- strong local government and community support
- project financing underway

BANPU SALES BY SOURCE AND DESTINATION
Japan remains the biggest market for Banpu?s Indonesian coal:

Thai?s Banpu Indonesian coal mining operations update

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