Press Release

State owned coal mining company PT Bukit Asam (Persero) Tbk, has invested Rp800 billion until the last week of September 2017, or about 40% of the Rp2 trillion target throughout 2017.

Bukit Asam Corporate Secretary Adib Ubaidillah said the investment was made for a number of purposes. "Mostly for electrification and coal handling facilities infrastructure," he said when contacted on Thursday (28/9).

Based on Info Memo released by the company as of June 30, 2017, the PTBA-coded stock issuer declared the company's investment of Rp2.02 trillion in 2017. The investment consists of Rp 1.48 trillion investment for routine and non-routine investment, the remaining Rp520 billion for development investment.

The investment target itself has been revised. By comparison, in Info Memo quarter I / 2017, Bukit Asam said it plans to invest Rp4.45 trillion, which consists of Rp2.05 trillion for routine investment and the remaining Rp2.4 trillion for development investment. Based on the 2016 annual report, Bukit Asam said the company has set several strategic measures to boost investment segment performance in 2017.

Strategic measures include organic development which includes mining business, power plant, as well as beneficiation and support business. In addition, non-organic development through the acquisition of mines, power plants and other businesses as well as efficiency through profit contribution from affiliated companies and more selective in research and development.

According to the 2016 annual report, investment realization until December 2016 amounted to Rp 1.39 trillion or 43% of the budget target of Rp3.02 trillion. The realization itself increased by 43% compared to the realization of Rp915.2 billion in December 2015. (Source : www.bisnis.com/ Yodie Hardiyan)