Ratu Prabu to commence production in 2013
Wednesday, May 23 2012 - 01:46 AM WIB
By Hiski Darmayana
PT Ratu Prabu Energy Tbk through its subsidiary PT Pasific Masao Mineral would commence production of its two gold mines in Murung Raya and Barito Utara, Central Kalimantan in 2013.
The company is currently on feasibility study stage.
"We are in process of securing forest permit and environmental impact analysis (Amdal) document that would take one year. We hope to commence production soon after that," said President Director Bur Maras.
The two gold mine concessions cover total area of 20,840 hectares and have total reserve of 250,000 ounces of gold.
Editing by Adianto P. Simamora