Banpu, a Stock Exchange of Thailand (SET)-listed company, is planning a strategic shift towards the mining of rare earth, a move anticipated to replace its coal mining operations as the firm prioritises the creation of a cleaner, smarter energy.
The company’s interest is especially piqued by the elements required to produce lithium-ion batteries for electric vehicles (EVs).
Banpu is in discussions with mine operators from Indonesia, Laos, and Australia about potential business partnerships, according to Jamon Jamuang, Banpu’s senior vice president for mine engineering and development.
While declining to disclose the names of the companies involved, Jamuang stated that the new venture is projected to materialise within the next few years.
In Indonesia, a promising opportunity for a rare earth mine is being explored through Indo Tambangraya…
