Atlas allocates $21m for infrastructure facilities

By Thomas Sembiring

IDX-listed PT Atlas Resources Tbk has allocated US$21 million this year to finance the development of infrastructure facilities.

Corporate Secretary Lidwina S. Nugraha told Petromindo.com that the company is developing infrastructure facilities such as road, bridge, loading conveyor, etc.

Atlas operates coal mines in South Sumatra and East Kalimantan. The company aims to produce 1.75 million tons of coal this year. In the first quarter of this year, output dropped by 84.7 percent to 84,057 tons compared to the corresponding period of last year.

Editing by Reiner Simanjuntak