• Testwork continues at Wonogiri

    COLLERINA Cobalt is undertaking metallurgical studies to determine the feasibility of production of a copper-gold concentrate via a gravity plus flotation process flowsheet at the Wonogiri Gold-Copper Project in central Java. The testwork is being carried out on the Randu Kuning gold-copper porphyry deposit.

  • Open pit production resumes at Tembang

    NORMAL open pit ore production has resumed at the Berenai open pit of Sumatra Copper & Gold’s Tembang Gold-Silver Project following the removal of additional unscheduled waste material from the pit. The thick mud proved difficult to remove, particularly during the wettest period of the year.

  • Wetar production continues to improve

    THE Wetar Copper Project on Wetar Island in eastern Indonesia continues to perform strongly for Finders Resources. During May, the SX-EW plant exceeded the company’s annual production target of 28,000 tonnes of copper cathode.

  • Footprint expanded in BK district

    MAPPING and channel sampling of outcropping massive sulphide mineralisation have shown the potential for a standalone polymetallic deposit at Asiamet Resources BKZ prospect in Central Kalimantan. BKZ is 800 metres north of the company’s BKM Copper Project, where bankable feasibility studies are well advanced.

  • Geo Energy coal agreement amended

    Geo Energy Resources has amended its long-term Life of Mine coal purchase agreement with ECTP to supply more 4200 GAR thermal coal for the lifespan of Geo Energy’s Sungai Danau Jaya (SDJ) mine.

  • $6.4 million to assist Kingsrose restructure

    KINGSROSE Mining has raised $6.4 million via a secured convertible loan facility to assist with the ongoing restructure of its financial arrangements and operations at the Way Linggo Project in Sumatra. Administrators advise that the funds will be applied to the ongoing restructure of the company, to provide working capital and to provide funding to its 85%-owned subsidiary PT Natarang Mining (NM), owner and operator of the project.

  • Adaro expects similar 2017 production

    INDONESIA’S second largest coal miner, PT Adaro Indonesia, expects to produce up to 54 million tonnes of coal this year, which is roughly equivalent to 2016 production of 52.6 million tonnes. The company is PT Adaro Energy’s core coal operating subsidiary, with other parent company activities including barging, shiploading, dredging, port services, marketing and power generation.

  • Tembang production schedule altered

    THE processing of low-cost stope ore from the Belinau underground mine at the Tembang Gold-Silver Project in South Sumatra has been brought forward. Sumatra Copper & Gold has made the decision due to a shortfall of ore scheduled to be mined from Berenai open pit.

  • Results expand Lerokis copper potential

    RECENT results from the Lerokis deposit of Finders Resources’ Wetar Copper Project signify potential to expand existing resources. Lerokis will be the second open pit mine at the project following completion of the first phase of development at Kali Kuning deposit.

  • Thiess delivers unique coal solutions

    CIMIC Group’s global mining services provider Thiess has recently secured A$134 million worth of contracts to provide mining solutions to coal operations in Indonesia. Thiess has a new contract with Cakrawala Langit Sejahtera (CLS) and a contract extension that continues to build its partnership with Bayan Resources Group.

  • BBM DFS update reveals cost savings

    AN update of the 2014 definitive feasibility study (DFS) for Cokal Limited’s Bumi Barito Minerals (BBM) Coking Coal Project in Central Kalimantan has revealed significant reductions in capital and operating costs. Together with the increase in coking coal prices and its proximity to growing Asian markets, Cokal says BBM has become a more attractive opportunity.

  • Singgahan prospect focus at Trenggalek

    THE second stage of exploration at the Trenggalek joint venture project in East Java is expected to be completed by May with a budgeted cost of US$1 million. This is focusing on the Singgahan prospect and is being carried out by PT Danusa Tambang Nusantara on behalf of JV partners Arc Exploration and PT Sumber Mineral Nusantara (SMN).

  • Antam aims to lift production

    PT ANEKA Tambang (Persero) Tbk (Antam) aims to increase production and sales of its primary commodities of ferronickel and gold in 2017. The company is targeting production of 24,100 tonnes of ferronickel in 2017, an increase of 19% on the 20,293 tonnes produced in 2016, and also aims to produce 2270kg of gold from its Pongkor and Cibaliung mines, up from 2209kg in 2016.

  • Drilling program at GPK project

    KANGAROO Resources, which is 56%- owned by Bayan Resources, is drilling at Graha Panca Karsa (GPK) Coal Project in East Kalimantan with the aim of confirming previous drilling and gain a better understanding of coal seam geology. The company has signed the drilling contracts and socialised the program to surrounding communities.

  • Indo Mines plans Kulon Progo smelter

    INDO Mines is advancing plans to develop a smelter at its Kulon Progo Iron Sands Project near Jogjakarta in Java. Following completion of the second transaction for development of the plant, the company is seeking to issue a quasi-debt instrument for US$20 million to $24 million to provide funding for construction of a beneficiation plant and to provide iron sand concentrate for the smelter.

  • Increase in BKM resources expected

    ASIAMET Resources expects that a resource definition drilling program at the Beruang Kanan Main (BKM) project will lead to an increase in copper resources. BKM is part of the company’s KSK Contract of Work area with an updated estimate due in May.

  • BlackGold seeks further coal contracts

    BLACKGOLD Natural Resources’ subsidiary PT Samantaka Batubara (PT SB) has signed an MoU with PT PLN Batubara (PLN BB) to further cooperate on the supply of coal to Indonesian power plants. BlackGold has a contract for the delivery of 500,000 tonnes annually to the Tenayan power project and the MoU seeks to increase the cooperation.

  • Bumi optimistic for coal in 2017

    PT BUMI Resources has an optimistic outlook for its coal operations in 2017 with sales expected to be 5% to 7% higher than last year while its average selling price is expected to be at least 30% above 2016 levels. The company expected 75% of its sales volume to be committed by the end of March.

  • Bukit Asam to lift production 30%

    STATE-OWNED coal miner PT Bukit Asam aims to increase production by 30% in 2017 to 27.3 million tonnes with most destined for the domestic market. This will support the government’s ambition of providing more electricity, which will be largely fulfilled by building coal-fired power stations.

  • Finders seeks further copper at Wetar

    WITH the Wetar Copper Project expected to reach full production capacity by the end of 2016, Finders Resources plans to continue exploring at and near-mine targets in a bid to identify further copper. In this regard it will use the A$12 million raised in a well-supported placement to advance the project and carry out exploration.

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