Indonesia’s Metals Giant Mind ID Seeks Bids for $2 Billion Loan
- Money partly to repay debt, possibly also for Vale stake buy
- Corporate secretary says firm plans 3rd-party funding in 2024
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Mining Industry Indonesia has requested proposals for a loan of as much as $2 billion, according to people familiar with the matter.
The state-owned mineral-resources holding company plans to use the proceeds partly to repay existing debt, said the people, who asked not to be identified as they aren’t authorized to speak publicly. It may also include funds for the PT Vale Indonesia stake purchase, some of the people said.