Bayan Resources Tbk (P.T.): Update to credit analysis
Our credit view of this issuer reflects its very good liquidity with minimal reliance on incremental debt.Bayan Resources is engaged in coal mining, processing and logistics operations. Co.'s business includes surface open cut mining of thermal coal. Coal production also includes other grades of coal which comprise of sub-bituminous coal and semi-soft coking coal. Co. also owns and operates coal loading infrastructure.
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