PT Bumi Resources Minerals Tbk (BRMS) is in the finalization stage of a loan facility for underground mining development.Herwin Wahyu Hidayat, Director of BRMS, confirmed that the loan finalization process is still ongoing. "The estimated amount is USD 200–300 million. Currently, the finalization of the loan facility is ongoing," said Herwin, when contacted by IDNFinancials.com on Thursday (27/2) yesterday.BRMS will later use the loan facility to fund a gold mining project in Poboya, Palu. The project is being worked on by one of BRMS' subsidiaries, PT Citra Palu Minerals (CPM).Currently, CPM has operated an open pit mine in Poboya, Palu. The average gold content processed by CPM in 2024 is around 1.5 grams per ton.
Source https://djakarta-miningclub.com