Oct 16, 2011
Indonesia’s Bakrie says close to securing new loan deal
Commodity giant Glencore International has been
seen as a frontrunner and likely partner for the Bakries since
news of the refinancing talks earlier this month, with analysts
pointing to its relationship with the family and existing coal
marketing agreements.Reuters reported on Thursday that Glencore was nearing a
deal to make a $800 million to $900 million loan that would give
it additional marketing rights on coal produced by
Bakrie-controlled Bumi Plc , the world’s largest
exporter of seaborne thermal coal.
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