Indo Mines updates Jogjakarta liquid iron project
Friday, October 30 2009 - 03:27 AM WIB
JOGJAKARTA LIQUID IRON PROJECT (Indo Mines: 70%)
Socialisation Programme
The Company continued its socialisation programme during the quarter, liaising with local communities and government detailing how the proposed mining process will impact on them.
The first phase of the AMDAL study was completed on 9 September 2009. This process is called the Public Notification and involved the erection of Notice boards in twelve locations across the Contract of Works area and adjacent villages and the publication of similar notifications in local newspapers and media.
These notices described the general intent of the Project and called for submissions from the public regarding any issues or concerns that the public may have. The notification period lasted for 30 days and 5 submissions were received, mainly from the media groups seeking additional information on the details of the Project.
The second phase of the AMDAL is the Public Consultation meeting that was completed on 20 September 2009. URS will now compile the Terms of Reference document that will be submitted to the AMDAL committee prior to 7 November 2009.
Bankable Feasibility Study
The Company has continued to progress the Bankable Feasibility Study (BFS). The BFS will cover the following major areas:
1. Hot Metal Processing Flow Sheet Development and Detailed Engineering;
2. Mining, Concentrator and Infrastructure design;
3. Environmental & Social Impact Assessments;
4. Detailed financial modelling;
5. Market research;
6. Port and Shipping requirements;
7. Rail Transport; and
8. Power and oxygen supply.
Outotec are conducting reduction and smelting tests in their European facilities with a 50 tonne concentrate sample from the Jogjakarta Pilot Plant and 130 tonnes of low quality thermal coal similar to the material that will be sourced for the Project. Based on the flow sheet developed from this test work Outotec will then complete the full engineering design for the pig iron DRI and smelting plant. This work was postponed awaiting the recently completed funding transaction with Anglo Pacific Group plc.
Upon completion of the reduction and smelting test work, engineering of the mining, concentrator and infrastructure requirements will be undertaken.
URS has commenced both the environmental and social impact assessments.
Market research, power and oxygen supply, and logistics infrastructure consultants will be engaged in the coming months. (end of excerpt)