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Thursday, August 18, 2011

Asia Natural Resources Tbk Achieves Nickel Production Permit

PT Asia Natural Resources Tbk (ASIA) immediately realize the company's nickel production from mines in Bombana, Southeast Sulawesi. The Company has obtained the production license from the Ministry of Energy and Mineral Resources (ESDM).
This was conveyed by the Director of ASIA, Stanislaus Say disclosure in the Indonesia Stock Exchange (BEI), Thursday (06/05/2010).
He said the permit was pocketed by its subsidiary PT Tekonindo who acquired around the end of
2008. At that time, Tekonindo which has locations Kabaena nickel mine in Western District, Bombana District, Southeast Sulawesi Province covering an area of ​​37.213 hectares (ha) is still in early stages of exploration permits.
Based on the results of due diligence (due delligence) PT Sucofindo conducted in August 2008, covering an area of ​​37.213 ha of land acquired 4.703 million tonnes of nickel deposits.
Then the Regent Bombana give IUP production operations to Tekonindo with an area of ​​576 ha.
Thus, for a total of IUP production operations owned company, is estimated to have deposits of up to 70 million tonnes of nickel. "Permit local governments based on the Regent Decree No. Bombana. 117/2010 dated 22 April 2010," he said.
With the acquisition of production licenses, the company's optimism for the future prospects brighter ASIA. To that end, the institute will seek funding sources both internal and from the controlling shareholders as soon as possible in order to produce nickel mine. "We will produce nickel as soon as possible," he said.
This step is important to maintain continuity of production of nickel by a subsidiary of this ASIA. Thus, the business sector ASIA originally trading in commodities could be increased to companies engaged in mining in the coming years.

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