Indonesia’s Metals Giant Mind ID Seeks Bids for $2 Billion Loan

Mining Industry Indonesia has requested proposals for a loan of as much as $2 billion, according to people familiar with the matter.

The state-owned mineral-resources holding company plans to use the proceeds partly to repay existing debt, said the people, who asked not to be identified as they aren’t authorized to speak publicly. It may also include funds for the PT Vale Indonesia stake purchase, some of the people said.

Mind ID, as the firm is known for short, has stakes in several Indonesian companies with interests in commodities ranging from aluminum to nickel, copper and gold. Fitch Ratings in ...