PT Bumi Resources Minerals Tbk. (“BRMS” or “the Company”)
today reported that its zinc and lead project operated by the
Company’s 80% owned subsidiary, PT Dairi Prima Mineral
(“DPM”) in North Sumatera, secured the Principle Agreement
from the Ministry of Forestry for the underground mining works
within the concession. The date of the Principle of Agreement
issuance was 15 November 2011.
In addition, BRMS announced that its 96.97% owned subsidiary,
PT Citra Palu Minerals (CPM), that operates a gold and
molybdenum concession in Sulawesi has obtained the Borrow &
Use Permits for the Exploration Works in 2 of its sites. The first
site, covering an area of 21,181 hectares in North Luwu site,
South Sulawesi secured the permit on 22 August 2011, while the
second one, located in Donggala and Parigi Moutong sites,
Central Sulawesi, obtained such permit on 23 September 2011,
which covers an area of 29,223 hectares.
Kenneth Farrell, the CEO of BRMS, said, “The recently approved
permits and licenses for our related concessions demonstrated
our management ability to add value to these projects. The
Principle Agreement for the underground mining works at DPM
gives better certainty to the DPM’s production profile. We are on
track to start production in the second half of 2013 from our zinc
& lead project operated by DPM.”
Mr. Farrell further explained, “The Exploration Permits in CPM’s 2
sites allow us to commence the necessary feasibility studies and
exploration activities. We plan to finalize the JORC standardized
Resources estimate in both CPM and our Gorontalo Minerals’
gold & copper project (GM) by end of 2012. GM received its
Exploration Permit in December 2010.”
Thread abonnieren
