JAKARTA - PT Indo Tambang Raya Megah Tbk (ITMG) allocates US$ 121.9 million for capital expenditure in 2019. The capex has realised only about US$ 25.9 million in the first semester of 2019.
Yulius Kurniawan Gozali, Director of PT Indo Tambang Raya Megah Tbk (ITMG) stated that the biggest amount of capex allocation was distributed to PT Trust to purchase heavy equipment. “During this first semester, the capex realisation is rather low, because the goods have not arrived yet, but we expect to realise more in the second semester,” he said.
According to him, the company allocates US$ 60.4 million to purchase the heavy equipment. In the second semester of 2019, the management aims to realise more capex. (LK/W)