G-Resources hopes to resolve CWP issues
Friday, September 21 2012 - 03:38 AM WIB
Hong Kong-listed G-Resources Group Limited said its Martabe mine is working with the local and provincial government to resolve the community concerns over the development of Clean Water Pipeline ("CWP") and to achieve a speedy resumption of work on the facility.
?If this does not occur before end September 2012, the Company will need to take further action to suspend fully the mine and plant until the CWP is completed,? the company said in the statement to HSX.
Martabe mine and processing plant and related infrastructure is now in week 8 of gold production and is proceeding with the ramp up to full production during or before the second quarter 2013.
At capacity Martabe will produce 250,000 oz/a gold and 2 to 3m oz/a silver.
The main item for completion is the Clean Water Pipeline ("CWP") from the plant's water treatment facility to a discharge point on the nearby Batangtoru River.
It said that the CWP is around 50% complete and due for completion and full operation in October 2012.
Work has recently been interrupted on the CWP because of some community concerns and misunderstandings. Martabe is a high rainfall district and without the capability of discharge of excess clean water from the site, full sustainable operation is not possible. Accordingly ramp-up of the process plant has been temporarily suspended pending satisfactory community consultation.
Editing by Adianto P. Simamora