Adaro eyes $603-628 mln capex in 2011

Indonesia's largest coal miner, Adaro Energy , has earmarked $603-628 million on capital expenditure next year, compared with $300-350 million this year, deputy corporate secretary Devindra Ratzarwin said on Thursday.

The firm restated earlier estimates of producing between 46-48 million tonnes of coal in 2011 from 42 million tonnes this year. Source: Reuters