JAKARTA (Yosefardi) – PT Bumi Resources Minerals Tbk (BRMS) is studying to refinance its debt of US$460 million, equivalent Rp5.06 trillion, to Credit Suisse, scheduled to mature in December 19, 2013.
The company now has cash of US$6.54 million but suffers negative working capital of US$41.36 million due to aggresive explorations.
BRMS will also develop black tin and zink mining project in Dairi, North Sumatra, with investment cost of US$400 million.
The company also partners with China Non-Ferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (NFC) in this project. NFC will tackle 85% of total investment cost for the project.