State-owned coal miner PT Bukit Asam (PTBA) plans to cut its capital expenditure (capex) this year amid falling power demand in India and at home as the company books a sharp profit slump in the first quarter. The miner initially budgeted Rp 4 trillion (US$264.9 million) of capex for 2020, mostly to develop a giant coal-fired power plant in South Sumatra.
