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MarketScreener Homepage  >  Equities  >  INDONESIA STOCK EXCHANGE  >  Bumi Resources Tbk PT    BUMI   ID1000068703

BUMI RESOURCES TBK PT

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Bumi Resources Minerals: Discovered Copper, Gold at Gorontalo Sites

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09/12/2012 | 04:45am EDT
   By Edhi Pranasidhi 
 

JAKARTA--Mining company PT Bumi Resources Minerals (>> PT Bumi Resources Minerals Tbk) said Wednesday that its consultant reported significant mineral resource estimates at its copper-and-gold project in Gorontalo, Sulawesi.

The resource estimates were completed by Australia's SRK Consulting at the Cabang Kiri and Sungai Mak sites, which are parts of a concession operated by PT Gorontalo Minerals, the company said in a statement.

Gorontalo Minerals is 80% owned by Bumi Resources Minerals and 20% owned by state-owned miner Aneka Tambang (>> PT Aneka Tambang Tbk).

The Cabang Kiri and the Sungai Mak sites have a combined 292 million metric tons of ore resources, with average grades of 0.5% copper and 0.47 gram of gold per ton, the SRK report said.

Bumi Resources Minerals is 85% owned by coal company PT Bumi Resources.

Write to Edhi Pranasidhi at edhi.pranasidhi@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : PT Bumi Resources Minerals Tbk, PT Aneka Tambang Tbk
Stocks mentioned in the article
ChangeLast1st jan.
ANEKA TAMBANG TBK PT End-of-day quote.
BUMI RESOURCES MINERALS TBK PT End-of-day quote.
BUMI RESOURCES TBK PT End-of-day quote.
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NameTitle
Saptari Hoedaja President Director
Eddie Junianto Subari President Commissioner
Dharyanto Effendi Vice President-Information Technology
Nalinkant Amratlal Rathod Commissioner
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