Altura seeks forestry permit for S. Kalimantan mine
Friday, February 12 2016 - 03:52 AM WIB
ASX-listed Altura Mining Ltd said in a recent report that it has been carrying out preparation works to gain formal issue of the so-called borrow and use of forest area permit by the Indonesian Ministry of Forestry for its 70 percent owned Suryaraya Permata Khatulistiwa (SPK) coal mine in the northern area of the Tabalong Coal Project in South Kalimantan to allow mining to proceed.
The initial approval area of 465.29 hectares allows for the mining pit, waste dumps, mine infrastructure and haul road with the survey and compliance documentation (including marking out of the area), the company said.
Altura said continued to monitor the process in order to have granted a secondary parallel forestry permit application for an adjacent area held by Suryaraya Cahaya Cemerlang (SCC).
?Additional focus was directed to the review of the existing JORC compliant coal resource estimate at the combined Tabalong Coal Project. The revised estimate will be released in the near future upon final sign-off by the applicable Competent Person,? Altura explained.
The Tabalong Coal Project consists of five mining licences (IUPs) in the province of South Kalimantan on the island of Borneo. All five IUPs are granted for Operation Production.
Editing by Reiner Simanjuntak