Bank Mega Lends Bayan Resources $125 Million to Support Operational Needs
This loan agreement underscores Bayan Resources’ commitment to maintaining a strong financial structure while facing market fluctuations. The company has also been preparing to distribute a large dividend of IDR 4.75 trillion as part of its ongoing efforts to support its investors and stakeholders.
In addition to its mining operations, Bayan Resources has been expanding its portfolio. The company recently acquired a palm oil plantation worth IDR 105.14 billion near its mining sites, diversifying its business activities. This move is seen as part of Bayan’s strategy to explore new revenue streams and reduce its dependency on the volatile coal market.
As Bayan continues to face financial and market challenges, the company remains focused on operational efficiency and securing necessary capital to sustain growth. This loan agreement is a critical step in ensuring the company’s financial stability in the coming years, allowing it to remain competitive in a challenging business environment.
Looking ahead, Bayan Resources is also exploring opportunities to improve its financial and operational performance. The company’s management is optimistic that the support from Bank Mega, combined with strategic investments, will help it navigate through this difficult period and emerge stronger in the long term. (Uki Ruknuddin)
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