Coziron puts W. Sumatra iron sands project on hold
Monday, August 3 2009 - 12:08 AM WIB
Australian firm Coziron Resources Limited reported on Monday that its Agam iron sands project in West Sumatra is put on hold until the company could sort out working capital requirement.
The company did not give further detail.
The Agam iron sands project is the JV between the company and Indonesian partner PT Galian Endapan Buana.
The project has two tenements with a total area of 3,960 Hectares.
The company said in March it would initially focus on starting to mine in 190 Ha in the northern tenement with a pilot plant to produce 10,000 tons of concentrate per month. (alex)