Raja Kutai Baru Makmur allocates 5 million capex for 2013
Wednesday, December 5 2012 - 08:05 AM WIB
By Cepi Setiadi
Indonesia coal producer company and subsidiary of PT Ancora Resources, Tbk, PT Raja Kutai Baru Makmur, will allocate US$ 5 million for capital expenditure in 2013.
Leona Mulyadi, Finance Director of PT Raja Kutai Baru Makmur told Petromindo.com that the capital expenditure will be allocated mostly for developing mine site infrastructure in Kutai Lama and Sungai Siring, East Kalimantan.
Leona said that as the infrastructure developed, the company is expecting to produce 2 million tons of coal in 2013 compare to the 2012 target of 1.1 million tons. The company has 8,400 hectares of total coal concession in East Kalimantan.
Editing by Adianto P. Simamora