BRMS: Gorontalo Minerals is finalizing AMDAL
Wednesday, May 3 2017 - 03:31 AM WIB
IDX-listed mining firm PT Bumi Resources Minerals Tbk (BRMS) said its subsidiary PT Gorontalo Minerals is finalizing an Environmental Impact Assessment (or AMDAL) which is expected to be completed in the second quarter of 2017.
?Upon completion, PT Gorontalo Minerals will be ready to enter the construction phase from year 2017 to year 2018,? BRMS said in an annual report seen on Wednesday.
Regarding facilities for the copper smelter produced by PT Gorontalo Minerals, strategic steps have been prepared by holding discussion with third party prospective smelter operators, BRMS said. ?Currently, discussion on the smelter are entering the final stages of choosing a smelter partner to cooperate with the company,? it said.
BRMS said that the copper smelter is expected to start operating in 2021.
According to BRMS website, the company owns an 80 percent interest in PT Gorontalo Minerals (GM), a copper and gold concession. Gorontalo Minerals has a Contract of Works rights to a 36,070 hectares mining concession located in the Bone Bolango Regency in the province of Gorontalo.
BRMS reported the JORC standardized resource estimates of 292 million tonnes of ores (0.5%CU; 0.47 g/ton Au) from its Gorontalo Minerals copper and gold concession in September 2012.
In March 2014, GM has signed a MoU with PT Nusantara Smelting to explore opportunities to supply copper concentrate to the facilities to be developed by Nusantara Smelting.
Editing by Reiner Simanjuntak