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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Study confirms Randu Kuning potential

BASED on the positive results of an updated scoping study, which confirmed the potential for development of Randu Kuning deposit at the Wonogiri Gold-Copper Project in Central Java, Augur Resources is completing an Indonesian feasibility study. Submitting the study to the Central Government will support a change of the Wonogiri IUP from exploration to production.

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Production record at Tembang

AFTER achieving record monthly production of 3379 gold equivalent ounces in October at the Tembang Gold-Silver Project, Sumatra Copper and Gold is undertaking a geological review of ore body interpretations. The review at the Belinau, Siamang and Berenai deposits is focusing on determining the potential for resource extensions and will incorporate the most recent mapping and grade control data from operations.

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Approval for Yitai CTL project

LEADING coal producer Inner Mongolia Yitai Coal Co Ltd has gained approval for a 29.1 billion yuan (US$4.2 billion) coal-to-liquids (CTL) project in Inner Mongolia Autonomous Region. Once completed, the project is expected to produce 2.15 million tonnes of diesel, naphtha, liquefied petroleum gas and liquefied natural gas, as well as 157,700 tonnes of other chemical products.

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