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Bukit Asam plans 6.5 trillion rupiah spending to expand downstream coal business

Indonesia's state-owned coal miner PT Bukit Asam (Persero) Tbk. intends to invest 6.5 trillion Indonesian rupiah for capital expenditure in 2018, The Jakarta Post reported Dec. 14, citing company president director Arviyan Arifin.

The company plans to expand its downstream coal business and construct coal fired power plants, Arifin said.

Bukit Asam will source the investment from its internal cash resources as well as third-party loans, including bond issues. Arifin noted that the company currently has about 4.5 trillion rupiah available for capital expenditure.

As of Dec. 14, US$1 was equivalent to 13,566.00 Indonesian rupiah.