PT Indonesia Asahan Aluminium (Inalum), a state-owned mining holding, has secured US$3.8 billion short-term loan facility from a syndicate banks led by Bank of Tokyo Mitshubisi to pay 51% of PT Freeport Indonesia (PTFI) divestment shares.
To pay this debt, the miner has a plan to issue global bond in the couple months in the Singapore Stock Exchange. Meanwhile, the Energy and Mineral Resource (ESDM) Minister Ignasius Jonan ensured that PTFI divestment transaction will be carried out this month. He is optimistic the negotiation can be finalized as soon as possible considering the measures taken by Inalum.