Realm secures "in principle" forest permit
Tuesday, November 13 2012 - 01:09 AM WIB
ASX-listed Realm Resources Ltd announced that its application to upgrade its exploration forestry permit at its flagship Central Katingan Ria thermal coal project to operational status has been approved, in principle, by the Indonesian Ministry of Forestry.
The In-Principle License was granted over the requested area of 3,058.25 ha, with work now having commenced on satisfying the conditions to commence mining operations in the first 1,000 ha of this area.
Realm controls 51 percent share in Katingan Ria project depositing low ash coal suited for Indian and Chinese power generation.
Realm?s chairman, Richard Rossiter said ?We are pleased that the final stage in forestry permitting is drawing to a close, after slower than forecast progress. The In Principle Licence is the last stage prior to the issuance of the, ?Borrow and Use of Forest Area Permit? or so called Ijin Pinjam Pakai Kawasan Hutan (?IPPKH?) which allows the Company to start mining. This lends strong support to Realm?s ambitions to commence production in 2013?.
Following granting of the IPPKH the Company will be able to commence mining operations within its concession areas as well as to transport the coal and store it.
At present, drilling is advancing to upgrade certainty of the lO2 million tons JORC compliant resource.
Editing by Adianto P. Simamora