East Asia Minerals restarts Indonesian ops

By Alexander Ginting

Canadian minerals explorer East Asia Minerals Corporation reported Tuesday that it has secured a team to restart its activities in Sangihe mine in North Sulawesi and Miwah in Aceh.

For Sangihe project, the company re-hired Frank Rocca as chief geologist. Rocca previously worked on both the Sangihe and Miwah projects, which allows the Company to immediately conduct the Feasibility Study and manage the AMDAL environmental report process for the Sangihe project.

The Company has appointed two Indonesian resident directors, Juangga Mangasi and Garry Killenstyn to the Board of Directors of its Indonesian subsidiary, Tambang Mas Sangihe which hold's the Company's 70% interest in the Sangihe project.

The Company has hired the initial employee team that will endeavor to bring the Sangihe project towards a positive production decision, currently projected to be early 2018.

The Company has retained the services of the Armila Law Offices, located in Jakarta, to serve as the Company's legal representative in Indonesia.

The Company has established its new Indonesian office headquarters at the Noble House Office complex in the Mega Kumingan area of Jakarta.

The Company has successfully negotiated an agreement with RT. Resindo Mining, an Indonesian consulting firm, to conduct the Feasibility study and manage the AMDAL environmental report process for the Sangihe project. Once the Sangihe project Feasibility Study and AMDAL Environmental reports are completed, and are accepted by the MEMR, gold production can begin at the Sangihe project.

In furtherance of its efforts on the Miwah project, the Company held initial meetings with the local partner on the Miwah project to discuss the process to bring Miwah current and in compliance with both local and national authorities.

The Company was forced down to shut down its Indonesan operations two years ago due to its inability to fulfill financial obligations on the mines.