Ratu Prabu claims to have secured $50m loan commitment to develop copper-gold property
Monday, December 28 2009 - 08:17 AM WIB
IDX-listed firm PT Ratu Prabu Energy Tbk claimed to have secured US$ 50 million loan commitment from a European Bank to finance development of its copper gold property controlled by its unit PT Pasific Masao Mineral (PSM).
President Director Bur Maras did not disclose the bank?s name.
He was quoted by Detik.Com as saying that the project may start production in three years? time.
PSM controls the Masuparia copper-gold concession which is located near Mount Muro producing gold mine in Central Kalimantan. (*)