INDONESIA - Finders secures Wetar funding

Finders Resources has finalized the two key components of funding for the expansion of its Wetar Copper Project from the current annual capacity of 3000 tonnes of copper cathode to 28,000 tonnes.

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INDONESIA - Kingsrose permitting delayed

Kingsrose Resources has pushed back the production start date at its Talang Santo mine in Sumatra owing to delays in permitting. The company previously expected that the permits to allow the mine to transition to full production would be obtained by the end of April, but now advises the permits are expected by the end of the June quarter.

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INDONESIA - Mining industry survey

The mining sector’s operational requirements continue to evolve, and during 2014 M&E Indonesia ozmine2014 will play an important role in driving the Indonesian mining sector towards higher productivity and improved efficiencies.

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MONGOLIA - Banks to keep backing OT expansion

A group of banks has agreed to a six-month extension of a commitment to fund the underground expansion of the Oyu Tolgoi (OT) copper-gold mine in Mongolia. Fourteen of 15 banks have agreed to extend their financing commitments to September 30, with a response from the final bank expected shortly.

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