J Resources projects output to rise 10% next year

By Thomas R. Sembiring

IDX-listed gold miner PT J Resources Asia Pasifik Tbk projected gold production to increase by 10 percent next year from the estimated 200,000 ounces this year.

?Our gross projection is that output would probably increase by 10 percent,? said William Surnata, Finance Director of the company on Friday.

As reported earlier, William was also optimistic the company would be able to meet this year?s output target of 200,000 ounces, a triple of last year?s output of 67,000 ounces.

Company Exploration Director Budhikwanto said that about two third of the company?s gold output this year is expected to come from its two new producing mines including the Bakan mine in North Sulawesi, and the Seruyung mine in East Kalimantan. The company?s two other mines are Penjom mine in Pahang, Malaysia, and North Lanut mine in North Sulawesi.

The company also has a number of other mines which have yet to start production.

Editing by Reiner Simanjuntak