JAKARTA - PT Bukit Asam Tbk middle of finalizing the acquisition of two coal mines are expected to be completed in the near future.
Company-owned coal mines this government has prepared a budget of about 700-800 billion dollars, or nearly equivalent to U.S. $ 100 million for the acquisition plan.
Director of Bukit Asam Soekrisno revealed his side was heavily indeed run mine acquisition strategy. This is in line with the company's plan to increase coal production capacity to more than 17.6 tons in 2011.
"Two new mines that we shoot it in calories above 5,000 kilocalories (kcal), and its location in the area of Borneo," said Soekrisno in Jakarta, Friday (11 / 3). He explained that the acquisition of two new mines that will complement the planned takeover of two other coal mines that the process has begun since last year.
One of mine, it is estimated Soekrisno, can be completed by the end of this March, and can operate at this year as well. "Currently, we're on stage one bid price for mine, but there is no fi nal decision.
The plan, which will take over is a subsidiary of a 99 percent stake held by Bukit Asam, "he said.
Soekrisno signaled it plans to spend about 60 million U.S. dollars or the equivalent of 560 billion dollars to acquire a coal mine is mine is green fi eld.
Although a number of infrastructure must be prepared before starting the operation, the mine memunyai resource potential is large enough.
"Reserve him (resources) tolerable. Could increase coal production capacity of the company, which would certainly impact on sales growth, earnings, up to operating income, "said Soekrisno. Although it has been set up special funds, Bukit Asam likely to use indirect payment system (activities:) to finance the acquisition of coal mines.
Down Outside estimated acquisition plans, Bukit Asam has also been set aside to pay dividends to shareholders.
According to the plan, the company will distribute at least 30 percent of net income earned during 2010. "This year we will distribute dividends for the fiscal year 2010. What is its magnitude, we do not know. But, certainly, we must pay a minimum of 30 percent from net income the company fiscal year 2010, "said Soekrisno.
In 2010, Bukit Asam dividend 45 percent from net income of diraup company in 2009. Payment of this dividend, recognized Soekrisno, decreased 5 percent compared to the previous year. "Usually we paid a dividend of 50 per cent of net income, but last year, we only distribute dividends by 45 percent," he continued.
Decrease in dividend is in line with the wishes of the Ministry of SOEs as a majority shareholder gradually reduce dividend payments each year. Even so, Soekrisno admitted experiencing difficulties related to the magnitude of this dividend payment.
"If other investors (outside the state) wants to do big dividends, maximum," he said. Previously, analysts Bhakti Securities, Budi Ruseno, said projection mining business in 2011 is still good.
He predicts growth in mining commodities throughout 2011 could reach 10-15 percent. "The average growth in mining commodities throughout the year 2011 can reach 10 -15 per cent. This is due to positive trend of the world market for commodities it mines itself, "said Budi.(*)
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