Is Black Gold Still Gold? Restructuring Coal Mining Sector in Indonesia has been saved
Is Black Gold Still Gold? Restructuring Coal Mining Sector in Indonesia
The article discusses debt restructuring as a viable option for Indonesia's coal mining companies to consider.
Amidst the possibility of prolonged economic downturn, Indonesia’s coal mining industry faces the challenge of a long-term decline in the demand for coal. With the existence of combined external pressures that might lead to a crisis for a company, intervention will be needed to avoid undesirable scenario of a default or a collapse. In this article, we explores debt restructuring process as an alternative solution for coal mining companies to not only survive during this pandemic but also to thrive in the future.