Government approves feasibility study of Peboya gold mine project
Friday, December 15 2017 - 01:12 AM WIB
By Romel S. Gurky
IDX-listed mining firm PT Bumi Resources Minerals Tbk (BRMS) said on Thursday that the government has finally approved the feasibility study for the planned development of the Peboya gold mine in Sulawesi with ore reserves of 3.9 Mt@5.38 g/t Au (KCMI).
BRMS said in a statement that the gold ores from the project, run by subsidiary PT Citra Palu Minerals, will be processed into dore bullion, which can later be processed into 100 percent gold at the precious metal refinery owned by IDX-listed mining firm PT Aneka Tambang Tbk.
The company said that the Peboya mine is estimated to have mineral resources of 6.7 Mt @ 4.33 g/t Au. No further details were provided.
Editing by Reiner Simanjuntak