JAKARTA (Indonesia Today) – PT J Resources Asia Pacifik Tbk (PSAB), through its unit PT J Rersources Nusantara, has secured loan facility of US$135 million from PT Bank CIMB Niaga Tbk (BNGA) and Indonesia Eximbank.
William Surnata, director of J Resources, said in a filing the Indonesia Stock Exchange (IDX) on Wednesday (Oct 3) that the loan will be used to settle the existing loan facility.
The loan, he added, also aims to fund the company’s gold production facility in Indonesia. The company targets to produce 105,000 troy ounce (oz) of gold this year. It has produced 49,358 oz of gold during the first half of 2012. (hans@theindonesiatoday.com)