Harum Energy Target Next Year Capex U.S. $ 10 Million
Indonesia - The plan in 2014, coal company, PT Harum Energy Tbk will reduce capex ( capital expenditure / capex) to U.S. $ 10 million from the year 2013, which amounted to U.S. $ 15 million.
According to President Director of Harum Energy , Ray Antonio, pruning is done in line with the lack of improvement in coal prices next year.
"We only budgeted U.S. $ 10 million next year, which will be used for maintenance and infrastructure costs," he said at a public event at the Hotel Pullman exposure , Jakarta, Friday (15/11).
Ray explained, in 2013 the company has prepared a capex of U.S. $ 15 million, where the capex will be used for road and port infrastructure as well as drilling. "Quarter III-2013, the actual expenditure pesreroan capital was $ 3.3 million, "he said.
