Business News

2021-07-31
Kapuas Prima Coal Capital Expenditure for Mining Infrastructure Investment
Project Owner : PT Kapuas Prima Coal Tbk (ZINC)

Description : PT Kapuas Prima Coal Tbk (ZINC) plans to increase production capacity by 20%-30% or 564,000 tons of concentrate. ZINC allocates part of the proceeds from the loan facility from PT Bank Mandiri Tbk (BMRI) for mining infrastructure investment.

The capital expenditure allocation of US$ 36.65 million was mostly used for mining infrastructure investment to increase production capacity.

ZINC will carry out underground mining by expanding and extending the underground network in order to reach the targeted ore deposits.

The capital expenditure is also allocated to purchase heavy equipment. The goal is to support ore getting and speed up the rhythm of ore taking and processing ore. As of the first quarter of 2021, ZINC has purchased around 25 units of heavy equipment by spending around US$ 2 million to US$ 3 million.

Project Value : US$ 36.65 million

Project Schedule : 2021