BRMS, China?s NFC sign contract to build smelter in N. Sumatra
Monday, April 21 2014 - 01:33 AM WIB
IDX-listed PT Bumi Resources Minerals Tbk (BRMS), through its subsidiary PT Dairi Prima Mineral, has signed a contract with China Nonferrous Metal Industry?s Foreign Engineering & Construction (NFC) for the construction of smelter a facility to process zinc and black tin, reports said on Monday.
BRMS said that the engineering, procurement and construction (EPC) contract was signed on April 17.
Investor Relations of BRMS Herwin Hidayat was quoted by Kontan as saying that the smelter facility, to be located near Dairi Prima concession in North Sumatra, will have a capacity to process tin and zinc ores of up to 1 million tons per year.
The smelter facility is projected to start commercial production in 2017. Dairi Prima is 80 percent owned by BRMS, with the remaining 20 percent owned by IDX-listed PT Aneka Tambang Tbk. (*)