Lusang Mine's gold concession in Bengkulu for sale
Monday, September 18 2000 - 03:00 AM WIB
The provincial administration of Bengkulu has invited local and foreign investors to take over the 4,564-hectare gold mining site formerly owned by PT Lusang Mine, Astaga.com reported on Monday.
Suratmin, the head of the province's mining office, said in Bengkulu, said on Saturday that the gold mine, located in Rejang Lebong, is still prospective for investment.
According to him, the gold mine left behind by PT Lusang Mine in 1995, still has a gold deposit of about 7 to 10 gram for every ton of ore.
"The gold mine area will be auctioned because PT Lusang still owes certain amounts of funds to local government and banks," he was quoted as saying.
Lusang mine, which operated the gold mine during the period between 1989 and 1995, has produced about 3,890.t kilograms of gold from the mining area. The local mining office said that the gold mining area still contains a proven gold deposit of about 16,674 tons of gold ores. (*)