Lestari Cipta Persada allocates Rp 170b for capital expenditure in 2016

By Cepi Setiadi

PT Lestari Cipta Persada, is budgeting around Rp 170 billion for capital expenditure this year.

President Director Henry Soetio told Petromindo.com recently that the funds are mostly allocated for the upgrading of heavy equipment at its two subsidiaries, PT Astri Mining Resources in Batu Licin, and PT Prolindo Cipta Nusantara in Sebamban, South Kalimantan province.

?We will upgrade and maintain heavy equipment at the coal mine, such as excavators, backhoes,? he said adding that some of the funds are allocated for repairing jetty at Angsana, Batu Licin.

Editing by Johannes Simbolon