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JAKARTA: PT Nusa Halmahera Minerals (NHM), a gold mining company located in North Halmahera Regency targeting gold production increase this year at 50,000 ounces of gold from 400 000 ounces last year to around 450,000 ounces this year.

President Director Iwan Irawan NHM revealed realization of the production period July 2009 until early June 2010 had reached 400 000 ounces of gold, or approaching the target from July to June amounted to 430 000 ounces.

"We are targeting gold production 450 000 oz this year [ounces] or an increase of around 50,000 oz compared with last year. So if you multiplied that, between 12-13 tonnes of gold per year. While production from the initial production in 1999 until this year has reached 2 million oz of gold, "he said on the sidelines of a meeting with the House Local Government North Halmahera, today.

According to him, a bankable gold reserves at this time until 2016 to reach approximately 1.2 million ounces.

With average production of approximately 400,000 ounces of gold per year, he added, a bankable gold reserves will be exhausted within three years into the future.

Changes in the composition of stock-related matter, Iwan expresses a joint venture between Australia's Newcrest Mining Ltd 82.5% and PT.

Aneka Tambang (Persero), 17.5% were still open opportunities for local government to participate in Halmahera have these shares.

"If governments want to ask for stock, it is very possible, but in business to business. It [the purchase of shares] could have, given the rules for it made possible. The possibility is there if you go into the rules of this republic, tetapu in business to business. Antam could deliver a proposal to buy the stock, [means] government can, "said Iwan.

On the other hand, North Halmahera Hein Regent Namotemo six point demands submitted to the NHM as a form of disillusionment with the holders of existing companies (KK) which was signed on 28 April 1997.

Sixth these demands, which require substantial changes KK NHM, stock ownership by local governments, establish branch offices in North Halmahera District, to comply with the promises to the community and local government, empowering local workforce, as well as temporary suspension of operations if they do not heed these demands.

"We just want what should be collected by the local community. We also have submitted a desire to have a 5% PT NHM since last year, but there is no clarity until now, "he said. (Wiw) By: Nurbaiti (Bisnis.com)

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