JAKARTA: PT Bukit Asam Tbk (PTBA) determines capital expenditure this year at IDR1.8 trillion or 28.57% higher compared to last year allocation around IDR1.4 trillion.Such capex will be used to finance several government infrastructure projects aside from funding growth organically and inorganically, PTBAs President Director Sukrisno said.PTBA currently aims to acquire four mining companies and plans to build coal processing facility for product diversification, which enables the company to sell not only raw coal products.Sukrisno said it was on the sidelines of the general meeting of shareholders today The meeting also changed director and commissioner.The shareholders meeting agreed to appoint Imam Apriyanto Putro as new commissioner and accepted Dono Boestami resignation from Finance Director position, Sukrisno said.Dono has proposed his resignation in May 11 due to personal reason and he will continue his carrier in a private company, he told press, today.One of the director will also acting as finance director so that there will be only five directors and 6 commissioners.In addition, Sukrisno said the company will pay dividend at IDR523.12 per share or totaling to IDR1.205 trillion, which equivalent to 60% of the 2010 net profit. Earlier, we proposed 40% dividend but the shareholders approved 60% dividend, he said.In December 29, 2010, the state-controlled company has paid interim dividend at IDR66.75 per share. Thus, the remaining dividend that needs to be paid is around IDR456.37 per share. The payment schedule will be announced later. (t06/msw)

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