PT Bayan Resources Tbk, an Indonesian coal mining company, picks Standard Chartered Plc to arrange loan US$200 million. The company will use the fund to expand its capacity to process sub-bituminous coal.
Bayan will expand the capacity of a venture's plant that processes lignite, or brown coal, into fuel with higher-calorific content for sale to power stations. The venture, PT Kaltim Supacoal, 49 percent owned by Bayan and 51 percent by White Energy Co., processes sub-bituminous
coal from Bayan's Tabang mine in East Kalimantan.
Tuesday, October 13, 2009
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