Martabe sets $12m exploration budget this year

Wednesday, March 2 2016 - 01:56 PM WIB

By Cepi Setiadi

HK-listed G Resources will continue exploration at its Martabe gold mine in North Sumatra this year and the firm has allocated US$12 million for the program.

Katarina Siburian Hardono Corporate Communications Senior Manager of Martabe Mine told Petromindo.com on Wednesday that explorations will be carried at Horas West and Golf Mike North prospects.

Last year the company spent around US$ 15 million for explorations.

Editing by Johannes Simbolon

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