Freeport Indonesia to process 400,000t of copper concentrate at new smelter
Earlier this month, Freeport obtained an export permit for the rest of the year from the government.
Indonesia mining holding company PT Indonesia Asahan Alumunium (Inalum) has raised $2.5 billion through a global bonds sale, the ministry of state-owned enterprises said on Tuesday.
The bonds were sold in three tranches, of maturities 5-, 10-, and 30-years, the ministry said in a statement, with coupon rates of 4.75%, 5.45% and 5.8% respectively.
The proceed will be used to refinance Inalum’s maturing $1 billion debt, the ministry added, as well as for project financing.
(By Tabita Diela and Fransiska Nangoy; Editing by Clarence Fernandez)
Comments