Dampar starts trial production at iron sand mine
Friday, January 20 2012 - 01:28 AM WIB
Hong Kong-listed firm Asia Resources Holdings announced that its non-wholly owned subsidiary PT Dampar Golden International (Dampar) has commenced trial production at the company?s iron sand mine in Indonesia.
An initial 5,000 metric tons of raw iron sand have already been mined and were sent to the worksite of Dampar for processing, Asia Resources said, adding that alongside with the trial production, the Group will commence marketing activities targeting on both local and overseas customers for the sales of its iron sand.
The Group will also seek opportunity to further improve its production techniques and transport logistics, and commence the planning and installation of more machines at the mine in order to increase its production capacity.
At the initial production stage, the Group will sell low concentration of processed iron sand. It is the ultimate aim of the Group to provide high-quality iron concentrates at a low cost which will be exported to medium-size steel ? makers in PRC and other regions in Asia.
The Group, in the long run, intends to establish refinery plants near the mine for further processing of the iron sand in order to improve the concentration and quality of the iron sand.
Editing by Roffie Kurniawan