Capex Allocation of Golden Energy USD12Mn in 1H2017

PT Golden Energy Mines, Tbk (GEMS IJ) is allocating its capital expenditure worth USD12mn in 1H2017, prepared for mining operations. While last year’s capex was only USD2mn, amidst company was not too aggressive for expansion and global coal price volatility. Currently, company realized its capex worth USD1mn in 1Q2017 to upgrade crusher and for jetty.

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