Insider Stories - State coal miner PT Aneka Tambang Tbk (ANTM) provided Rp 30.4 billion loan to its 34 percent subsidiary, PT Meratus Jaya Iron & Steel.

The loan matures in a year since October 25 and carries a lending rate of 10 percent. The short term loan is aimed to help the operational cash of Meratus to buy raw materials for production.

The loan will also be used to pay Meratus' liabilities to other third parties.

Meratus Jakarta, based in South Jakarta, is 66 percent controlled by state steel company PT Krakatau Steel Tbk. Meratus makes steel-related products for industry. It also involves in transportation related to steel products.