Samindo allocates $3.2 million capex this year

By Cepi Setiadi

Courtesy of Samindo

IDX-listed coal mining contractor PT Samindo Resources Tbk stated that the company is budgeting around US$3.2 million of capital expenditure this year.

Investor Relations Manager of Samindo Resources Ahmad Zaki Natsir told Petromindo.com on Tuesday that this fund is allocated for developing supporting facilities such as training center, workshop center, IT system, etc.

"All the supporting facilities are developed at Kideco's mine, in Penajam, East Kalimantan to support our operation," he said, referring to the company?s coal client.

Editing by Reiner Simanjuntak