Coal miner Indika Energy (INDY) allocates capital expenditure (capex) of US$130 million for 2021. It will also focus on diversifying business to reduce exposure over coal business. The company will build fuel storage in East Kalimantan for ExxonMobil and develop the Awak Mas project, a gold mining in South Sulawesi. The fuel storage is expected to contribute US$15 million Ebitda.To subscribe please click here
