JAKARTA (Yosefardi) – State coal miner PT PT Bukit Asam Tbk (PTBA) has no mining exploration program for next six months, until March 2014.
The company will not seek new resources outside on area the company has secured licenses for exploitation.
PTBA allocates capital expenditure (capex) of Rp2.2 trillion for this year, used to fund the development of Patuha power plant, capacity expansion, and Tarahan port in Lampung and Kertapati (Palembang) for transporting coal.
PTBA shares gained 1.09% to close at Rp13,950 on Monday (Sept 9). The stock has fallen 9.7% year to date. But it had regained 40% from its lowest (Rp9,950) in July 31, 2013.