INDONESIA - Gunung Rosa development under way

Paramount Mining Corporation has commenced the development phase of its Gunung Rosa high grade gold-silver-base metals underground mine in West Java. Key areas recognized by the management team as critical path items to bring the project to account are permitting, estimation of mineral resources and ore reserves, mine dewatering and rehabilitation, engineering studies, and construction.  1

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INDONESIA - New discovery on Romang Island

A new discovery of high-grade massive sulphide mineralization has been made beneath the existing Batu Mas JORC-compliant mineral resource area at Robust Resources’ Lakuwahi project on Romang Island. The new discovery and mineralized domain is called Batu Mas Deeps prospect and is of potentially very significant economic importance.  1

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INDONESIA - Orpheus offtake with Abidin 1 Port

Orpheus Energy has announced an agreement with Abidin 1 Port Company, PT Suryacitra Mahkota Mandiri, to secure exclusive monthly barge loading capacity of 40,000 tonnes in Sungai Danau, South Kalimantan, on an ongoing basis. Orpheus anticipates the first barge loading within the fortnight and expects an additional 7500 tonnes in late October.  1

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INDONESIA - Palace secures MBM coal rights

Palace Resources has secured rights to a new Sumatra coal project, MBM, through a joint venture (JV) between its Kalimantan Mining and Logistics unit and RBU, an Indonesian coal miner. RBU is the legal IUP holder of the 200 hectare producing property and all mining approvals.  1

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