Problems in Alhasanie

The year 2018 has been a chaotic year for PT Alhasanie, a mining company and subsidiary of PT Atlas Resources Tbk (ARII). Several months ago the Company was listed as a co-defendant in a lawsuit filed by its own parent company. Last week, one of the Company’s contractor PT Macmahon Mining Services (subsidiary of Macmahon Holdings Limited – ASX: MAH) filed a lawsuit on Suspension of Debts Payments (PKPU), demanding the Company to restructure its debts. This is the second PKPU lawsuit filed by Macmahon within this year against Alhasanie.

Read More