JAKARTA (Yosefardi) – PT Adaro Energy Tbk (ADRO) had accelerated the payment of US$800 milion bond debt in October 22, 2014, then it cuts interest payment of US$40 million per year.
The company, throug its subsidiary PT Adaro Indonesia, had in August 25, 2014 bagged loan of US$1 billion. As at June 2014, ADRO’s liability totaled US$3.59 billion.
International media reported that the long-delayed coking coal of Indo Met, a joint venture between BHP Biliton and Adaro Energy, will likely enter initial production next year.