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00:00Where is demand coming from. Given that all the miners are producing a lot of coal yes the price has also come down to the price reduction. Also competing on an increasingly large coal is one of the major coal power around about 70 percent of the power in the world physically generated for so long it is so long as people are still using electricity . There will be demand for source of energy not much much further away and much more expensive. So for how long. China is one of the country's heavy reliance on coal because it burns coal for three quarters of its electricity. But there are already signs of a slowdown in China. Is that translating to slower demand for coal slowed down a little bit because on one thing you know maybe about Garcia is not picking up also because as I say because the price has come down on the energy and in terms of what money boys going to be actively investing in China also they have their five ticks mindset. The demand is slowing down as you mentioned that decline has also come down and we are now diversifying our business away from the import of it into power . And of course in power you didn't get the benefit of a lower price of coal Utah is what's the outlook for the price of coal can it go significantly higher than 70 dollars a time. Wait wait you see prices head. I think right now I think it's likely a little bit in the past month but I feel that it does have to track the price of oil and gas price of oil and gas and also this pipeline. And I think that I mean when you talk about how bond through has diversified to compensate for the slowdown in coal mine is that it now can make up for the drop in your scene because from first quarter results it's it's down about 15 16 percent. But we still make profits we make equity pumping in the first caucus I think 92 percent of our revenue is eight percent I mean from power. In do we have another project now on how so might mount qualify a project called The Voice Project which we invest with other to companies. We're coming on by the end of this year. We increased our presence in the is bunker planning to postpone delay some of the projects as it has done before and wait perhaps for coal prices to recover. We actually are moving a little bit faster because as you know that slowing down in the global economy also offer a lot of opportunities for investors. And we're investing a little bit more FTSE before we let you go I just want to touch on the outlook for the Thai economy. There are concerns about the current military government which is not moving fast enough. Your thoughts on it . There are some hiccup at the beginning of phase after the coup d'etat infrastructure project was not going to be a tri state area particularly the but are right now because of the now I think the on track now we have adopted a new constitution . I am part of the national reform policy without drafting the constitution by September he will finish here and then probably early next year. He will have an election three point seven percent. Instead of less than 1 percent .

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Coal Has a Long Future to Go: Setboonsarng

Banpu Board Member Suthad Setboonsarng discusses coal markets and the future of the industry. He speaks to Bloomberg’s Haslinda Amin at the Asean Business Club Forum in Singapore. (Source: Bloomberg)

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