SET: BANPU
Headquarters:
Thailand
Sector:
Coal
Government Ownership:
No State Ownership
Pre-tax Revenues (in BUSD):
2.377 (2016)
Number of employees:
5,675 (2016)
Number of workers
(employees + contract workers):
not reported
Company-reported mining worker fatalities:
  • 2015 |
    Employees: 0Contractors: 1
  • 2016 |
    Employees: 0Contractors: 1
Home countries, where the company is headquartered
Producing countries, where the company has mining operations
Mine sites selected for mine-site-level assessment

Summary Results

Banpu’s performance is strongest on Environmental Responsibility and Working Conditions. In Environmental Responsibility, the company’s best result relates to the systems it has put in place to assess and address risks related to its use of hazardous materials, while in Working Conditions, Banpu’s strongest performance relates to occupational health and safety, as it has made a formal commitment, and shows evidence of performance tracking, on this issue. In other areas, the company performs strongly on its formalised commitment to respect human rights. However, while this performance is due to its assignment of senior management responsibilities and its provision of resources to help operationalise this commitment, no evidence was found of the company systematically managing its human rights impacts.

Banpu’s overall results are limited by a relative lack of evidence on Economic Development, Lifecycle Management, and Community Wellbeing. For example, no evidence was found of Banpu having systems in place to develop procurement opportunities for producing country suppliers beyond those located in areas around its mine sites, or to support in-country capacity building for R&D related to EESG issues in mining. In addition, no evidence was found of the company having made a commitment to plan for mine closure from an early stage or systematically manage its impacts through all phases of a mining operation.

Economic Development

0.056 / 1.000

Business Conduct

0.342 / 1.000

Lifecycle Management

0.141 / 1.000

Community Wellbeing

0.204 / 1.000

Working Conditions

0.474 / 1.000

Environmental Responsibility

0.374 / 1.000

The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.

All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.

Relative company performance

Commitment (11 indicators)

Action (41 indicators)

Effectiveness (21 indicators)

1.000 = aggregation of best scores for all indicators of this measurement area.

Indicator-by-indicator results

Economic Development

Selected Mine sites results

Mine sites individually assessed but not included
in the overall company score

Mine Site NameLocal Procurement (score /6.00)Local Employment (score /6.00)Community grievance mechanism (score /6.00)Workers grievance mechanism (score /6.00)Water quality and quantity (score /6.00)Biodiversity management (score /6.00)Mine site (score /6.00)
Bharinto0200000.33
Indominco0200000.33
Jorong0200000.33
Kitadin-Embalut0200000.33
Trubaindo0200000.33

List of all mine sites

Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
AirlyAustralia100CoalUnderground
BharintoIndonesia64.49CoalOpen-pit
ClarenceAustralia85CoalUnderground
GaoheChina45CoalUnderground
HebiChina40CoalUnderground
IndomincoMandiriIndonesia65.13CoalOpen-pit
JorongIndonesia65.13CoalOpen-pit
Kitadin-EmbalutIndonesia65.13CoalOpen-pit
MandalongAustralia100CoalUnderground
MyunaAustralia100CoalUnderground
SpringvaleAustralia50CoalUnderground
TrubaindoIndonesia65.13CoalOpen-pit

Closed mine sites (controlled assets under care & maintenance, closure or post-closure management)

Mine Site NameAliasesCountryCompany's share (%)ProductsMining typesYear of closure
Angus PlaceAustralia50CoalUnderground2015
CharbonAustralia95CoalOpen-pit, Underground2015
Chiang MuanThailand100CoalOpen-pit2008
IvanhoeAustralia100CoalOpen-pit2012
Kitadin-Tundung MayangIndonesia65.13CoalOpen-pit2015
Lamberts GullyAustralia50CoalOpen-pit2010
LampangThailand100CoalOpen-pit2008
NewstanAustralia100CoalUnderground2010

Main Shareholders

As of: 30/03/2018Shares (%)
Mitr Phol Sugar Corporation Ltd.5.59
TME Capital Company Ltd.2.56
Vongkusolkit (Isara)2.3
Social Security Office2.22
Vongkusolkit (Kamol)1.83
Krungsri Asset Management Co., Ltd.0.96
Aberdeen Asset Management Company Ltd. (Thailand)0.8
Vongkusolkit (Supawee)0.79
Leelathanamongkol (Surachai)0.75
Kasikorn Asset Management Co., Ltd.0.74
Dimensional Fund Advisors, L.P.0.72
Vongkusolkit (Lucksamee)0.69
United Farmer and Industry Company Ltd.0.69
Suthipongchai (Supachai)0.69
Vongkusolkit (Vitoon)0.69

Known Subsidiaries

As of: 31/12/2016Country
AACI SAADEC (BVI) Holdings LimitedBritish Virgin Islands
AFE Investments Pty Ltd.Australia
Aizu Energy Pte. Ltd.Singapore
Aizu Land Solar G.K.Japan
Akira Energy LimitedHong Kong
Akira Energy (South) LimitedHong Kong
Anqiu Huineng New Energy Co., Ltd.China
Asian American Coal, Inc.British Virgin Islands
Aura Land Development Pte. Ltd.Singapore
Banpu Australia Co. Pty Ltd.Australia
Banpu Australia Resources Pty Ltd.Australia
Banpu Coal Investment Company LimitedMauritius
Banpu Coal Power LimitedThailand
Banpu Coal Sales Co., Ltd.Thailand
Banpu Energy Services Japan Co., Ltd.Japan

Known Tax Jurisdictions

AustraliaBritish Virgin IslandsCayman IslandsChinaHong KongIndonesia
JapanLao PDRMauritiusMongoliaSingaporeThailand
USA

Recent involvements in Investor/State investment disputes (since 2014)

No case

Disclaimer

The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.

This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.

The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.

It should be noted that, prior to publication, all companies in the Index were invited to check the factual accuracy of the contextual data and evidence upon which the Index is based and to review company information in the RMI document library.

Although every effort has been made to verify the accuracy of translations, the English language version should be taken as the definitive version. The RMI reserves the right to publish corrigenda on its web page, and readers of the 2018 RMI report should consult the web page for corrections or clarifications https://www.responsibleminingindex.org.