Monument and Intec agreement varied

Monument Mining has signed a Deed of Variation Agreement with Intec International Projects to the January 2015 Heads of Agreement (HOA) to exploit the Intec Technology for their sulphide copper process. Monument is assessing utilising the technology at the Mengapur project in Malaysia.

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Freeport to divest Grasberg majority stake

Indonesia and Freeport-McMoRan have reached a deal which will enable Freeport to keep operating its giant Grasberg copper mine in Indonesia’s Papua province. The deal was reached this week after the US company agreed to sell a majority stake in the operation to Indonesia.

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Diamond drilling under way at Awak Mas

Nusantara Resources has started a diamond drilling program at the Awak Mas Gold Project in South Sulawesi, Indonesia. The aim of the program is to expand the mineral resource of 1.74 million ounces primarily through upgrading inferred resources to the indicated and measured categories.

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Okalla program will determine new targets

Angkor Gold Corp says diamond drilling at its Okalla project in Cambodia has proven useful for understanding the geology and structure of gold veins in the area and will help in determining targets for subsequent programs. The program is being conducted in cooperation with Blue River Resources.

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