Permit Rio Tinto in Konawe & Morowali published

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Permit Rio Tinto in Konawe & Morowali published

Wednesday, 03 March 2010 09:12

JAKARTA: Rio Tinto, Australian mining companies could finally realize the investment commitment nickel mining project in two districts, Konawe and Morowali, Sulawesi worth U.S. $ 2 billion.
Investments that can be executed following the issuance of mining license (IUP) by the Ministry of Energy and Mineral Resources (ESDM). In fact, the company is optimistic it can 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 disclose such IUP decree stipulated in the Energy and Mineral Resources Minister numbered 318.K / 30/DJB/2010 dated February 25, 2010, signed by the Director General of Mineral, Coal and Geothermal Bambang Setiawan.

"With the issuance of the IUP, we believe nickel mining project in Sulawesi can be realized. Today, Rio Tinto could also continue its project because it already has a legal umbrella to," he said yesterday.

So far, investment plans for nickel mining in Sulawesi that can not be done because it is still processing the IUP in accordance with the new Minerba Act No. 4 Year 2009. According to him, the company believes production targets up to 200% of the initial plan 46,000 tons per year can also be achieved.

'Initial calculation is much for, but until the final study could be increased to twice. The process is very fast and there is no problem anymore. "

According to Budi, Australian mining company that will complete the initial study about the determination of the project development. "Rio Tinto will now focus on completion of the study order of magnitude, and identify the best measures of this poyek development, but we do not plan to seek partners."

Rio Tinto plans to conduct mining and processing mineral resources, especially aluminum, copper, diamonds, coal, uranium, gold, industrial minerals (borax, titanium dioxide, salt, talk) and iron ore. Rio Tinto has been active in conducting exploration programs in Indonesia since the 1970s and has operated two mines in Kalimantan.

Directorate General of Mineral, Coal and Geothermal Bambang Setiawan Energy and Mineral Resources Ministry before revealing the problem of overlapping land Rio Tinto was done so that the application process can be completed IUP.