Central Omega unit to start iron concentrate production in June
Friday, February 7 2014 - 01:39 AM WIB
IDX-listed mining company PT Central Omega Resources Tbk said that its subsidiary PT Citra Sindo Utama is expected to start producing iron concentrate in June of this year, with full-year production target of 325,000 tons.
Citra, which operates a 625 ha iron ore concession in West Singkep, Lingga Regency, Riau Islands Province, is projected to nearly double its concentrate production next year to 600,000 tons, Citra Omega said in a presentation materials obtained Friday.
The company also reiterated its plan of building a US$300 million ferronickel smelter in North Morowali, Central Sulawesi, the construction of which is expected to start in the first quarter of this year, and commissioning targeted in 2016.
The smelter will have a production capacity of 320,000 tons of FeNi per year.
Editing by Reiner Simanjuntak