Antam says Pongkor gold mine life extended
Wednesday, July 8 2009 - 02:29 AM WIB
State nickel and gold miner PT Aneka Tambang (Antam) saod on Tuesday that life of its Pongkor gold mine in West Java may be extended by five years to 2019 as the company has increased the mine?s total reserves and resources.
The company said as result of detailed exploration activities, total reserves and mineral resources at Pongkor increased by 34% to 5.3wmt with 1.17 million ounces.
The company also said its Cibaliung gold mine in Banten province will start production in 2010 with full production output of about 2,000 kg (64,300 ounces) per annum to be reached in 2011. The mine is expected to be in production for 6 years. (alex)