JAKARTA – PT Maruwai Coal (MC), a subsidiary of PT Adaro Minerals Indonesia Tbk (ADMR), has channelled a loan worth USD 110 million to four of its affiliated companies.

Heri Gunawan, Director of Adaro Minerals Indonesia, mentioned that said facility will be used for investment and other general corporate needs. “The loan payment is due five years after the initial withdrawal,” he further added in the information disclosure quoted Thursday (9/2).

The facility agreement was signed earlier this week (6/2). The recipients of this facility are PT Lahai Coal (LC) and PT Juloi Coal (JC), which will receive USD 50 million each, as well as PT Kalteng Coal (KC) and PT Sumber Barito Coal (SBC), which will be granted a maximum of USD 5 million each.

“This transaction will help to fulfill the subsidiaries’ financial needs in order to promote its operation in metallurgical coal,” claimed Gunawan. (LK/ZH)