Home / Directory / List News / Detail News

Atlas Resources to allocate IDR 100 billion for capital expenditures

www.idnfinancials.com

Fri 22 Jul 2022, 14:34 PM

Share

Events

PT Atlas Resources Tbk (ARII), a coal mining company, sets the capital expenditure (capex) budget of IDR 100 billion this year. Andre Abdi, President Director of Atlas Resources, specified that approximately IDR 66.6 billion or 2/3 of the capex budget will be spent on fixing infrastructures in the coal transportation ports. “There will be an upgrade of infrastructure, including the hauling road and ports, that will last until Q3 2022,” he mentioned in the public expose treatise quoted Friday (22/7).

 The upgrade of hauling road aims to increase the capacity of transporting coals from the mining area to the port. Furthermore, there are also a talk about expanding the port itself by installing more barge loading conveyors with a capacity of 4 million tons per year, bringing the total capacity to 10 million tons per year.ARII is known to manage the concession mining area of 61,010 hectares in Sumatra, Sulawesi, and Kalimantan. In 2021, the market capitalisation of ARII in the export segment reached 52%, while scoring 48% in the domestic area.

Andre Abdi, President Director of Atlas Resources, specified that approximately IDR 66.6 billion or 2/3 of the capex budget will be spent on fixing infrastructures in the coal transportation ports. “There will be an upgrade of infrastructure, including the hauling road and ports, that will last until Q3 2022,” he mentioned in the public expose treatise quoted Friday (22/7).

The upgrade of hauling road aims to increase the capacity of transporting coals from the mining area to the port. Furthermore, there are also a talk about expanding the port itself by installing more barge loading conveyors with a capacity of 4 million tons per year, bringing the total capacity to 10 million tons per year. 
ARII is known to manage the concession mining area of 61,010 hectares in Sumatra, Sulawesi, and Kalimantan. In 2021, the market capitalisation of ARII in the export segment reached 52%, while scoring 48% in the domestic area.

Source: 
https://www.idnfinancials.com/news/43766/atlas-resources-allocate-idr-capital-expenditures


Advertisement

Relate News

News
13 Mar 2023, 14:23 PM

Habco Trans Won IDR 3,3 Trillion Contract from Tsingshan Group

www.beritasatu.com
3083 Views
News
14 Mar 2022, 20:43 PM

China’s Jan-Feb coal output jumps 10.3% for winter heating

www.mining.com
2834 Views
News
30 Mar 2022, 13:12 PM

Thiess wins three-year extension at Harum Energy’s Mahakam Sumber Jaya mine

www.im-mining.com
3571 Views
News
08 May 2023, 12:00 PM

Tin (TINS) Boosts Land and Sea Mining to Maintain This Year's Performance

industri.kontan.co.id
2687 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.