Xin Fa Minerals to begin production in 2013
Saturday, November 3 2012 - 03:16 AM WIB
Mining company PT Xin Fa Minerals hopes in 2013 it will be able to begin gold pruduction at the company?s gold mine in Mount Subang, Cianjur regency, West Java.
?We are now still in the exploration stage. We hope next year we can begin production to take the advantage of high gold price,? the company?s Director Ladjiman Damanik told Petromindo.com in Jakarta on Friday .
About the production capacity, he said it would be in line with the mine?s proven reserves which are now being calculated. ?For sure, this concession would produce gold in a medium scale,? he added.
Ladjiman said that the gold to be produced from the company?s Subang mine would be sold in the domestic market such as in Senen, Jatinegara and Pasar Anyar (Bogor) and Sukabumi.
?Unlike other mines, gold mine tends to be quick yielding,? he added.
Editing by Benget Besalicto Tnb.