Dec 8, 2010

Gorontalo Minerals to explore gold

PT Gorontalo Minerals, a subsidiary of PT Bumi Resources Minerals Tbk (BRM), finally pocketed an approval for use and permit forest area to explore copper and gold mining of Bone Belango, Sulawesi.
Finance Director of BRM, Yuanita Rohali confirmed that Gorontalo Minerals now can begin to explore and implement due diligence after achieving Use and Permit Approval for Forest Area from Forestry Department
According to her, by having a mineral supply of 130 million tons, Gorontalo Minerals is one of BRM’s core assets that can lift the BRM’s value because of its commercial production.
Moreover, by pocketing the approval, Gorontalo Minerals can starts on its exploration in mine sites of Cabang Kiri and Sungai Mak. While, its gold and copper mining sites are located in Bone Belango district, Gorontalo Province, Sulawesi.
In the future, BRM plans to construct a factory of copper concentration having a capacity of 25 million tons a year to process 0.6% copper and 0.6 gram/ton gold.

Disclosure: No position at the stock mentioned above.  

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