Berau to invest $300m to boost production

Publicly listed coal mining company PT Berau Coal Energy (BRAU) plans to invest between US$100 million and $300 million to increase production capacity and build a power plant.

“The money will be used to build a conveyor belt and power plant,” said the company’s president director, Eko Santoso Budianto, after the closing of the Derawan Festival in Tanjung Redeb, East Kalimantan, on Friday, as quoted by Antara news agency.

The conveyor belt would be at its mining site, Binungan coal mine, said Eko. Meanwhile, the power plant would have two generator units each with a capacity of 20 megawatts, he added.

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Posted September 25, 2013 by repit in News

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