PT International Nickel Indonesia Tbk has revised its capital expenditure budget for 2009 to US$166.4 million from the US$228.8 million that was announced on February 20, 2009. This review reflects a change in the priority and scope of existing projects.
According to the revised capex budget, US$83.3 million is allocated for growth capital and US$83.1 million will be dedicated to sustaining capital, of which US$27.9 million is invested in health, safety and environment.
Tuesday, May 26, 2009
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