JAKARTA (Yosefardi) – Gold producer PT J Resources Asia Pacific Tbk (PSAB), by its subsidiary PT J Resources Nusantara, is now on process of refinancing its debt of US$275 million.
The debts ro be refinanced come from syndicated creditors such as Indonesia Eximbank, Qatar National Bank SAQ, PT Bank QNB Kesawan Tbk, PT Bank Permata Tbk, and PT Bank ICBC Indonesia.
PSAB is set to pay its matured debt of US$96 million, equivalent Rp1.3 trillion, funded by its internal cash.
The company targets to produce 225,000 oz of gold this year, compared to 220,000 oz produced last year. It also targets revenue to grow by 18.4% to US$296 million this year with Ebitda of US$115 million.