Merdeka Gold Mine has secured the syndicate loan from HSBC, BNP Paribas and sociate generale asia to expand its project in Tujung Bitang Projects. Company has secured $ 130 millions in which this amount of money has exceed the initial target, company also has raise the money from selling its 12 % shares in Indonesia stock exchange at around $ 68 million. its plan, the company will used this money to tap 2,4 million ddof gold and 75 million ounces of silver in the Tujuh bintang project and the company also will further use this money to process 35 million tons of ore after company got permission from the government, up from an initial plan 24 million ton of ore. the company will be distributed the $ 10 million for tax's coffers of government and used the remaining money to cover its over- budget spending
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