Ratu Prabu to commence production in 2015
Wednesday, April 24 2013 - 11:44 AM WIB
PT Ratu Prabu Energy Tbk said that its gold mine located in Central Kalimantan would commence production in 2015.
The company is currently seeking forestry permit for the concession.
"If we could secure the permit this year, we could soon start geological survey and exploration. Our prediction is the production could commence in the next two years," the company's Director Iskandarsyah told Petromindo.com on the sideline of its public expose on Wednesday.
Iskandarsyah said that the company would implement underground mining system.
The company has concession in Murung Raya and Barito Utara regencies covering total area of about 20,000 hectares.
It is predicted the concessions contain resource of about 100,000 ounces gold.
Editing by Adianto P. Simamora