Due diligence on Rahma tenement completed
Thursday, October 31 2013 - 11:48 AM WIB
ASX-listed Western Mining Network Limited announced on Thursday that the due diligence work on CV Rahma in IUP Production No. 545/04/IUP OP/D.PE/2010 dated Feb. 10, 2010 has been completed.
The Rahma tenement is located in Kotabaru regency, South Kalimantan, approximately 40 - 50km from the northern part of Batulicin, the capital of Tanah Bumbu regency. The distance from Banjarmasin to Batulicin can be traveled by light vehicle in around 5 - 6 hours and from Batulicin to the concession in around 1 - 2 hours.
The area is free of protected forest restrictions, with all the concession area falling within the category of production forest license. The topography is low - medium sloped landform. Generally the site area is divided into two typical zones which are: 1) Heterogenic forest which is covering about 70 percent of area; and 2) Coal mine-out area about 30 percent.
Last August, the Australian firm announced it had entered into a Memorandum of Understanding (MoU) whereby it has the exclusive right to explore and if warranted, mine the South Kalimantan thermal coal tenement which is 100 percent owned by Rahma
Editing by Johannes Simbolon