JAKARTA - PT Petrosea Tbk (PTRO) spent IDR 6 trillion of its capital expenditure (capex) budget in order to acquire new supporting equipment to support business expansion in Central Kalimantan.

Iman Darus Hikhman, Mining and Mine Services Director of Petrosea, confirmed that this new equipment purchase will support several new mining service projects.

“It is an anticipatory measure to develop and maintain business sustainability in the future,” Hikhman said in the press release quoted Tuesday (1/10).

The first-phase capex investment is allocated to acquire new mining equipment from PT United Tractors Tbk (UNTR), PT Trakindo Utama, PT Indotruck Utama, PT Indo Traktor Utama and PT Eka Dharma Jaya Sakti.

The company has also reportedly initiated its first cut operation (FCO) in several new mining projects in Central Kalimantan, namely PT Multi Tambangjaya Utama’s project in South Biro Regency, which was held on September 2, 2024.

Furthermore, the FCO of a life-of-mine project of PT Pasir Bara Prima in Kapuas Regency also took place in September 2024. (LK/ZH)