Engineering 80% complete at Tembang gold project

By Ruli Setiawan

ASX-listed Sumatra Copper & Gold Plc said that detailed engineering at its wholly-owned Tembang gold project in Southern Sumatra has been 80 percent complete by the end of the third quarter of this year.

The Engineering, Procurement, Construction Management (EPCM) work is handled by PT Contromation Energy Services

?Construction activities progressed with erection of CIL tanks and fabrication of some structural steel packages largely completed, ready for transport to site. Demolition of old grinding mill footings completed; installation of new foundations to commence in October,? the firm said in its quarterly report on Monday.

?Construction of the explosives magazine commenced in September with completion expected in the December quarter; final approval and permitting to follow in Q1 2014,

?Project financing expected to be completed in Q4 2013 following finalisation of the new mine plan, updated Mineral Resource and sign-off by Independent Technical Engineers, the firm added.

Editing by Johannes Simbolon