Paramount progresses AMDAL for Gunung Rosa gold project
Thursday, September 19 2013 - 03:32 AM WIB
ASX-listed Paramount Mining Corporation Limited said that the Environmental Impact Assessment (EIA) or AMDAL for the Gunung Rosa high grade gold, silver and base metals project in West Java, Indonesia, has taken a key step forward.
The company said in a statement obtained Thursday that following detailed discussions with the local community, an agreement has been reached to start the environmental baseline study. Paramount held its inaugural public participation meeting on 02 September 2013 at the Karyamukti Village Hall closest to the Gunung Rosa mine-site.
Paramount and its environmental consultant PT Mineralindo Resources Management and Consulting agreed on the following timelines for the start of the study:
? Submit the AMDAL Terms of Reference to the Mines Authorities by end of September 2013;
? Complete Base Line Study by end of September 2013; and
? Complete AMDAL application documentation by end of November 2013
The company?s CEO and MD, Terry Holohan, said, ?As a result of this development the Gunung Rosa Environmental Impact Assessment, or AMDAL, being managed by our engineers, Mineralindo, is on track to be submitted for approval to the Mines Authorities by December of this year.?
Paramount said in March that the Gunung Rosa project was projected to be producing gold bullion in the lowest quartile as early as fourth quarter of 2014.
Editing by Reiner Simanjuntak