Samindo Resources’s Capex to Increases 343%

Samindo Resources, Tbk (MYOH:IJ) allocates USD13.8Mn capital expenditure (capex) in FY18. One of the factor causing capex surge was due to the acquisition of Indika Energy, Tbk (INDY:IJ) on Kideco Jaya Agung. Indika asks Kideco to produce more coal in FY18 while at the same time, Kideco became oneTo subscribe please click here