Jakarta-PT.Golden Energy Mines Tbk allocate capital expenditure amounting to Rp1, 36 trillion through 2015 to expand coal production capacity.

"Our capital expenditure budget of the IPO, the remaining new sari internal cash," said President of Golden Energy L Krisnan Cahya.

The company projected a fund of U.S. $ 250 million or equivalent to Rp 2, 2 trillion from the results of the initial public offering (intitial public offering / IPO). He explained that until September 2011, coal production capacity of about 4 million tons or 66% reflects the total production target by the end of 6 million tons. For 2012, coal production was pegged at 14 million tons per year, while in 2015 24 million tons per year.

The Company plans to hold an IPO with the release of 882.35 million shares, equivalent to 15% of shares to the public offering price in the range of Rp2.300-3500