Release

Signs of USD 40 million Investment Loan and USD 18.5 million Working Capital Loan

Feb 24, 2016

Signs of USD 40 million Investment Loan and USD 18.5 million Working Capital Loan.

On February 23, 2016, PT COR Industri Indonesia, subsidiary company, and Indonesia Eximbank has signed an investment loan agreement for USD 40 million and working  capital loan agreement for 18.5 million. 

The purpose of these loan is to finance the construction of Nickel Pig Iron Smelter in Morowali Utara, Central Sulawesi and to finance working capital requirements during the smelter began operating.

By obtaining the credit facility it will make progress on the construction of the smelter goes according to the plan.

Letter of the Release