Maiden Beruang Kanan copper resource

Drilling at Kalimantan Gold’s KSK Contract of Work in Central Kalimantan.KALIMANTAN Gold Corporation has announced a maiden inferred resource of 47 million tonnes averaging 0.6% copper for 621.7 million pounds of copper at the Beruang Kanan Main (BKM) project within the KSK Contract of Work (CoW) in Central Kalimantan. Earlier this year the company regained 100% control of the KSK CoW after Freeport-McMoRan Exploration Corporation withdrew from a joint venture agreement.

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Borneo triples production capacity

BORNEO Resource Investments has completed a second processing area to extract gold from ore at its Ratatotok complex in northern Sulawesi. The company has also commenced production at a new heap leach processing area which has the capacity to process 5000 tonnes of ore per month.

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ANTAM signs agreement with FLSmidth

PT ANTAM (Persero) Tbk has signed a Memorandum of Understanding (MoU) Danish company FLSmidth to supply design, testing and services for developing mining projects in and around Indonesia. The MoU was signed on September 3 by ANTAM’s president director Tato Miraza and FLSmidth Group CEO Thomas Schulz.

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Indo Mines evaluates value add options

A shallow mining pit at Indo Mines’ Jogjakarta Iron Project.A FINANCIAL analysis prepared for Indo Mines’ subsidiary PT Jogja Magasa Iron regarding the development of a pig iron project at Kulon Progo has found that on the basis of the current commodity price and cost inputs, the project is not economically viable. However, the analysis also indicates that the valuation is particularly sensitive to capital costs and financing structure.

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