Gorontalo Minerals secures forestry permit
Thursday, December 9 2010 - 01:53 AM WIB
IDX-listed Metal mining firm PT Bumi Resources Minerals (Tbk) (BRM) announced on Wednesday that its northern Sulawesi copper and gold subsidiary PT Gorontalo Minerals has secured exploration permit from Ministry of Forestry.
The company said that the permit would enable Gorontalo Minerals to resume exploration activities and start feasibility study.
The company also said that it would complete JORC-compliant reserves estimate on the project, which is located in Bone Belango regency in the Gorontalo province, in 24 months.
BRM has a 80 percent stake at Gorontalo Minerals. BRM is a subsidiary of mining giant PT Bumi Resources Tbk.(denny)