Golden Energy gets Rp 29 bln loan
Friday, July 15 2011 - 03:45 AM WIB
Coal miner PT Golden Energy Mines, a unit of IDX-listed PT Dian Swastika, has received loan worth $3.3 million or around 29 billion rupiah from its affiliation PT Borneo Indobara, a company spokesman said.
?We will use the fund for developing our coal unit including for infrastructure projects,? said Hermawan Tarjono, Dian Swastika?s corporate secretary.
Based on stock market regulation, listed companies are required to announce transaction between affiliations and conflict interests.
The loan carries annual interest rate of 8 percent and is due to mature on July 31, 2012. (romel)