Bumi to start FS at Sulawesi copper-gold project
Tuesday, April 14 2009 - 01:26 AM WIB
IDX-listed mining firm PT.Bumi Resources Tbk reported on Monday that its Sulawesi copper and gold unit PT.Gorontalo Minerals will appoint Bandung Institute of Technology (ITB) to undertake the project?s feasibility study this month.
The company reported that it had completed final exploration report on the project.
The company also reported that it would undertake detailed drilling to establish the project?s resource modeling.
Bumi acquired 80 percent shares of Gorontalo Minerals from BHPBilliton in 2005. (denny)