Environmental permit for Gunung Rosa gold project approved
Wednesday, September 3 2014 - 01:29 AM WIB
ASX-listed Paramount Mining Corporation Limited said that the environmental impact assessment analysis or better known here as AMDAL document for its Gunung Rosa high-grade gold, copper, and base metals project in West Java Province, Indonesia, has been approved by the local Cianjur Regency administration.
The company said in a statement obtained Wednesday that it has received the approved original AMDAL and environmental permit documents.
?Receipt of these original documents completes the final regulatory step before reopening the high-grade Gunung Rosa gold, silver and base metal mine,? the statement said.
?This represents a major advance for the Project,? said Paramount CEO & MD Daniel Poller. ?The award of these permits is the culmination of extensive environmental studies and highly successful community engagement.?
With these permits in hand, and the Mines Department permits previously announced to the market on 17 April 2014, the company is now authorized to start underground mining and ore processing at Gunung Rosa, Paramount said.
It added that the next key steps include up grading to a JORC Indicated Resource, dewatering and rehabilitating the existing 2.5km of underground mine workings and starting the related engineering studies and construction activities.
The company has previously said that it anticipated ore mining activity to start in early of 2015.
Editing by Reiner Simanjuntak