Sihayo obtains borrow and use permit for N. Sumatra gold project
Tuesday, November 1 2016 - 12:07 PM WIB
By Romel S. Gurky
ASX-listed Sihayo Gold Limited announced Monday it has obtained the so-called forest area borrow and use permit from the Ministry of Forestry for its Sihayo Pungkut gold project in North Sumatra.
The company said in a statement that the permit was obtained on September 30. ?This (borrow and use permit) provides the basis for us to proceed toward completion of approval for the construction permit,? Sihayo said.
The company added that final approval of the feasibility study and issuance of a construction permit will now be a priority.
The company owns 75 percent of the Sihayo Pungkut gold project.
Editing by Reiner Simanjuntak