Red alert over unpaid Mining loans

Banks are scurrying to restructure their debt portfolios as the ratio of non-performing loans in the mining sector skyrockets.

October 18, 2016

VARIOUS types of irregular heavy equipment were parked in an area covering two hectares along Jalan Ahmad Yani, Kilometer 13 in Gambut subdistrict, Banjar Regency, South Kalimantan. About 20 units of excavators and bulldozers stood abandoned. Some mechanics were more busy fiddling with dual-axle cars than with the derelict heavy equipment.

The mining heavy equipment belonging to Nugraha Wahyu Tri Utama were no longer operating due to a lack of ord

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