VIVAnews – PT Aneka Tambang Tbk. (ANTM) budgets the company’s capital expenditure (capex) valuing US$180 million in 2010. The capex is allocated for gold and coal mine acquisition, project development and routine needs.
The company is offering a proposition on the seven blocks owned by BHP Billiton and PT Tambang Bukit Asan Tbk. (PTBA).
Aneka Tambang president director Alwin Sjah Loebis said that as much as US$30 million of the total capex is allocated for gold and coal mine acquisition. Meanwhile, there will be US$70 million for the routine needs and US$40 million forCibaliung gold mine development.
“We are also going to develop FeNi III chemical grade alumina [CGA],” Loebis said in Jakarta on Thursday, Dec. 3.
He said that the company has US$300 million in their cash budget.
Loebis expected that the acquisition plan will be realized in early 2010 since the mine acquisition is one of the company’s efforts to increase their gold or coal production.
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Translated by: Ariyantri E. Tarman
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