Baramulti Suksessarana Sets Aside $11m to Improve Infrastruc
Bareksa • 13 Jun 2014
Indonesia's coal exports account Baramulti Suksessarana, through its Antang Gunung Meratus unit, has concession sites covering about 25,000 hectares. (The Jakarta Globe)
The company would boost its coal shipments to India this year.
Bareksa.com - Quote from The Jakarta Globe, Baramulti Suksessarana, a publicly listed coal miner, has set aside $11 million in its capital expenditure this year to improve infrastructure at its mining sites. The company would use still have to go through banks for loans to fund half of its total capital spending this year, while the remaining cap expenditure would be derived from the company’s internal cash.
The company targets coal production to reach 5.5 million tons this year, up 34 percent from 4.1 million tons last year. As of March, the company has produced 1.2 million tons of coal.