Bumi says revises up 2011 revenue to at least $5.3 bln

Bumi Resources , Asia's biggest thermal coal exporter, is revising up its forecast for 2011's average selling price to at least $80 per tonne, boosting its revenue forecast to $5.3 billion, a director at the firm said on Monday.

The coal miner previously expected its 2011 revenue to reach $5.1 billion from an average selling price of $77 per tonne.

"A level execeeding $80 per tonne is looking eminently achievable," Dileep Srivastava, a Bumi director, told Reuters.

The firm has said previously it expects 2011 coal sales of 66 million tonnes with production of 67 million tonnes. Source: Reuters