Indonesian Political, Business & Finance News

KPC contributes $1.4m annually

| Source: JP

KPC contributes $1.4m annually

BALIKPAPAN, East Kalimantan: Foreign coal mining company PT
Kaltim Prima Coal (KPC) contributes US$1.4 million (Rp 12
billion) to social development programs in the province, a KPC
executive said on Friday.

"The amount of funds our company has allocated to social
development programs in the province has reached $1.4 million
annually. The funds are distributed directly to local
authorities, non-governmental organizations and groups of
people," he said.

He said that in coming years, KPC would prioritize assisting
the development of modern agricultural practices because a
majority of people in the province were farmers.

He added that KPC's production capacity had dropped slightly
because of the prolonged industrial dispute between employers and
employees. --Antara

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