Finders set to start construction of Wetar Island copper cathode plant

By Romel S. Gurky

ASX-listed Finders Resources said Friday that it was ready to commence construction of a 25,000-ton per annum copper cathode solvent extraction and electrowinning plant on Wetar Island, Maluku province, Indonesia, in the fourth quarter of this year.

?Earth moving for the construction of the 25Kt SX-EW plant made good progress during the quarter, with a number of significant achievements. The site of the new 25,000 tpa SX-EW plant has been completed and is ready for construction commencement,? the company said in a statement.

Production from the 25Kt SX-EW plant is scheduled to come online at the end of 2015, the company said.

The Wetar Copper Project comprises the development, mining and processing of sulphide deposits at Kali Kuning and Lerokis located on Wetar Island, Maluku Barat Daya. The project scope includes construction of a 3ktpa SX-EW plant followed by the construction of an additional 25ktpa SX-EW plant.

Editing by Reiner Simanjuntak