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Nickel Ore Mining Company Seeking Loan in Makassar, Indonesia

Raw nickel ore mining business with 2k tons/month capacity seeks loan for new equipment.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 29.6
Run Rate Sales Nil
EBITDA Margin 4 %
Industries Nickel Ore Mining + 1 more
Locations  Makassar
Local Time 2:37 PM Asia / Jakarta
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Loan
USD 121 thousand for 10.0% annual interest, 5 years (Native Currency: IDR 2,000,000,000)
Reason: We require funds to purchase heavy equipment and fuel.
Collateral Available: USD 194 thousand
Includes physical assets worth USD 194 thousand
Interested to connect with advisors
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Business Name
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Documents
Business Overview
- We are a heavy machinery rental company that has recently entered the raw nickel ore mining business.
- Before COVID-19, our equipment rental business thrived with consistent sales, primarily serving nickel ore miners. However, following the pandemic, the landscape shifted dramatically. Payments became irregular, and several of our pieces of equipment suffered damage. So we decided to pivot recently and enter the mining business.
- We will sell the mined nickel to nickel processing smelter factories.
- Current mining capacity: 2,000 tons per month.
- Valid business license and registration certificate.
- Operations halted for the past 6 months due to equipment damage.
Products & Services Overview
Heavy machinery rental company and raw nickel ore mining business with B2B operations.
Assets Overview
Hyundai excavators with a capacity of 20 tons, 1 units. Caterpillar brand D3K type bulldozer 1 unit, employee equipment, Wuling Almaz brand operational car-1, furniture and fixtures.
All our assets are in the form of equipment.
Facilities Overview
Sq ft area of the leased mining facility is 200 hectares.
The lease payments are made in the form of royalty from the ore mined.
Capitalization Overview
Family owned business.
No loans or debts.
Self funded business.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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