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Dec 01, 2016 23:21:47

PTBA: Obtains funding facility from BMRI; Plans higher capex in 2017

Tambang Bukit Asam ($PTBA) has just obtained loan facility from Bank Mandiri ($BMRI) for IDR1.7tn or USD230mn, which will be used for expansion in both mining and power sectors. In separate news, PTBA plans to allocate higher capex in 2017 of IDR4.5tn and also acquire another coal mine located in Kalimantan in early 2017 as part of its expansion strategy. Moreover, PTBA has reached agreement with Perusahaan Listrik Negara (PLN) to not revise the original capacity design of the planned 2x620MW coalfired power plant in South Sumatra province. (Iqplus.info, Petromindo.com)

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