A license to mine in Rio Tinto Sulawesi forthcoming

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A license to mine in Rio Tinto Sulawesi forthcoming

Tuesday, 16 February 2010 08:23

JAKARTA: The Ministry of Energy and Mineral Resources (ESDM) immediately issued a mining permit (IUP) Rio Tinto, the Australian mining company that completed its commitment with the Government of the Province of Central Sulawesi and Southeast Sulawesi Provincial Government.
Director General of Mineral, Coal and Geothermal Bambang Setiawan Ministry of Energy and Mineral Resources disclose their land overlap Rio Tinto has completed the application process IUP so it can also be completed.
"Just how Rio Tinto is now completing its commitment to local government. If that [commitment] is complete, then proceed IUP signature," he said before following a hearing (RDP) closed with Commission VII of the House, yesterday.

According to him, Rio Tinto, will offer a commitment to the Provincial Government of Central Sulawesi and Southeast Sulawesi Provincial Government in this weekend.

"This Thursday [February 18] will be no signing of Rio Tinto's commitment to regional governments in Kendari. The plan after that immediately followed by the signing of his IUP," said Bambang reluctant to explain the commitment of Rio Tinto.

Bambang explained that mining companies prepared to invest a nickel mining project in two districts. Konawe and Morowali, Sulawesi, USS2 billion worth of contract extension is estimated to have reached 30 years.

Furthermore, he describes the early exploration in the mine's already done Rio Tinto. However, the company must make their own smelter to make a mate or high nickel because nickel laterite mine will.

Director of Development and Utilization of Coal and Geothermal Bambang Gatot DG Minerbapabum previous Aryono signing IUP estimate that Rio Tinto will be implemented by the end of this month.

Rio Tinto recently expressed optimism can realize the commitment of investment in nickel mining project and Morowali Konawe worth U.S. $ 2 billion. The company was even believed to raise production targets up to 200% of the originally planned 46,000 tonnes per year in the hope of pocketing the exploitation permit for 20 years.

Rio Tinto spokesperson Budi Irianto previously admitted his company has been approved the formation of legal entities in Indonesia for further processed in the Ministry of Justice and Human Rights before a business permit to mining.