PT Delta Dunia Makmur Tbk (DOID), parent company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), allocates US$150 million-US$180 million of capital expenditure (capex) this year.
Delta Dunia's Corporate Secretary Andre Soelistiyo said of the total capex, the company has mainly used it to buy heavy equipments.
"The source of fund is secured. We have sealed most of the financing worth US$110 million," he said. The company entered into loan facility agreement worth US$80 million from PT Komatsu Astra Finance on March 22 2010, US$10 million with PT Bank Danamon Tbk (BDMN) on March 29, and US$20 million from PT Bank Pertama Tbk (BNLI) on April 30.
Delta Dunia, 40% controlled by Northstar Tambang Perkasa, plans to buy 175 units of heavy equipments from current number of 52 units.
Disclosure: No position at the stock mentioned above.
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