Release: PT Inco revises 2009 capex budget to $166.4 million

Jakarta, May 26, 2009 ? PT International Nickel Indonesia Tbk (PT Inco) has revised its capital expenditure budget for 2009 to US$166.4 million from the US$228.8 million that was announced on February 20, 2009. This review reflects a change in the priority and scope of existing projects.

According to the revised capex budget, US$83.3 million is allocated for growth capital and US$83.1 million will be dedicated to sustaining capital, of which US$27.9 million is invested in health, safety and environment. (end of release)