WCB upgrades potential of Misima

WCB RESOURCES is more confident about the potential of Misima Island porphyry Copper-Gold-Silver Project after examination of historic drill results resulted in identification of significant copper halo results. Halo drill results are considered important in demonstrating project potential and are routinely used for targeting the deeper higher grade central regions of the system.

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Bau an ‘economically viable’ project

THE feasibility study for Stage One of Besra’s Bau Gold Project in Sarawak, East Malaysia, confirms that is an exciting and economically viable project. The study specifically covers the proposed open pit development at Jugan Hill to the north-eastern end of the Bau Central gold trend and proposes average annual production of 116,000 ounces from late 2015.

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Concessions ban may be lifted

LAOS is reviewing a ban on new mining concessions that had been due to last until 2015 in a move aimed at opening up the country to mining investment again over the next two years. Laos suspended all new mining concessions two years ago, in response to concerns over the environmental and social impact of certain projects.

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Coal production set to increase

INDUSTRY insiders say that coal production in Indonesia is set to grow in 2014 beyond the 421 million tonnes produced last year, despite the Government downsizing its coal production target to below 400 million tonnes. The Indonesian Coal Mining Association expects 2014 production to reach 450 million tonnes.

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