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Apr 30, 2016 @ 11:45

Atlas trims capex to $27 M

 

MANILA, Philippines – Listed Atlas Consolidated Mining and Development Corp. is reducing its capital expenditures to $27 million from the original planned spending of $104 million as it lowered the throughput of its mine in Cebu.

The planned capital spending is 74 percent lower than last year’s capex.

Atlas said it would continue to trim its capex to $12 million next year.

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