Bumi Resources allocates $40-50m capex this year
Thursday, February 25 2016 - 05:19 AM WIB
By Cepi Setiadi
IDX-listed coal giant PT Bumi Resources Tbk stated that it has set aside around US$40 million- $50 million for capital expenditure this year.
Dileep Srivastava, Director at Bumi Resources told Petromindo.com on Thursday that the company will not spend much on investment as there?s no need for expansion given sufficient production capacity.
?So the (capex) budget is around US$40-$ 50 million mainly for sustaining operation and maintenance,? he said.
Editing by Reiner Simanjuntak