Jan 4, 2011

Bukit Asam boosts capex to Rp1.8 trio

The state-owned coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA) plans to boost capital expenditure (capex) this year to Rp1.8 trillion from initial target of Rp1.5 trillion.
As reported by a local media, Bukit Asam President Director Sukrisno said the company has internally generated cash flow of Rp4.8 trillion.
"About 80% of the capex will be used to develop business," he said. Bukit Asam plans to construct steam-fired power plant Banjarsari with 2x100 MW capacity and railway project. The power plant needs US$300 million.

Disclosure: No position at the stock mentioned above.  

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