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Baramulti allocates CapEx of US$ 20 million

01 April 2019 14:33

JAKARTA - PT Baramulti Suksessarana Tbk (BSSR) allocated the capital expenditure (CapEx) of US$ 20 million for 2019. This is lower than the company's CapEx in 2018 (US$ 22 million).

Director of PT Baramulti Suksessarana Tbk (BSSR) stated that the company focused to continue its program to search for new coal reserve in 2019. "This program ensures our supply for coal production in the future," he said.

According to him, the CapEx will be used for several purposes, including exploration (US$ 1.3 million), land acquisition (US$ 8 million), infrastructure and building (US$ 10 million), and equipment (US$ 500,000). (LK/AR)

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