Paramount: AMDAL of Gunung Rosa on track for June approval

By Ruli Setiawan

ASX-listed Paramount Mining Corporation Limited announced Monday it has completed a highly successful community forum meeting, with full support for environmental impact assessment (AMDAL) document approval for the company?s Gunung Rosa gold and base metals project in West Java.

?No major issues were raised by the community, or other third parties, during the subsequent mandatory two-week public consultation period, allowing the final application documentation to be lodged by the company to the Environmental Department (Ministry of Environment),? the statement said.

This completes the last formal step towards receiving the AMDAL approval from the local regent and reopening the high-grade Gunung Rosa gold, silver and base metals mine, it added.

With this milestone in place, the key next steps required to develop the mine include updating the JORC Resource, rehabilitating the existing underground mine workings, commencing the related engineering studies and commencement of construction activities, Paramount explained.

The company said in April it expected mining of ores to start in early 2015.

Editing by Reiner Simanjuntak