UT provides $10m loan for coal subsidiary
Friday, July 11 2014 - 02:42 AM WIB
By Romel S. Gurky
IDX-listed heavy equipment firm PT United Tractors (UT) said it has signed an agreement to provide US$10 million loan for its coal mining subsidiary PT Tuah Turangga Agung (TTA).
UT said in a filing with the Indonesia Stock Exchange Thursday that the agreement was signed on July 8.
TTA operates a total of 4,897 hectares of coal concessions in Kapuas Regency, Central Kalimantan, which started commercial production in May 2010.
Editing by Reiner Simanjuntak