Dec 24, 2010

Adaro Energy & higher capex in 2011

PT Adaro Energy Tbk (ADRO), one of the biggest coal producers in Indonesia, aims to enlarge its capital expenditure (capex)  from previous estimation of US$464 million.
Besides routine spending, The company is also allocating capex to bankroll barging, coking coal project dubbed, independent power producers, and potential acquisitions. Please login or register to read the remaining story.   
Disclosure: No position at the stock mentioned above.  

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